Category

Ecuadorian Minister of Foreign Relations, Ricardo Patino, informed today that Ecuador seeks to establish agreements of economic and commercial cooperation with Iran. Patino started his visit in the Middle Eastern country yesterday. In a press conference Patino along with his...

Yesterday afternoon, Eduardo Peña was reelected as President of the Guayaquil Chamber of Commerce (CCG for its Spanish acronym) with 54% of votes. Peña will be at the head of this institution for a period of two years, where he hopes to meet its goals of increasing several...

Two lists are currently participating in the elections of the Guayaquil Chamber of Commerce (CCG for its Spanish acronym), Union with its 123 years of foundation becomes the oldest in the city. Eduardo Peña Hurtado, current president of this entity, seeks the reelection to run...

In the midst of an intense debate in United States, the pertinence or not of the creation of more USD 1 coins, that Ecuador continues to import them. Pedro Delgado, head of the Central Bank Board did not specify the amount of imports to the income “for safety reasons.” Delgado...

The Central Bank of Ecuador (BCE for its Spanish acronym) announced that beginning Monday, May 21, 2012 new dollar coins will be released in the local market. These coins belong to a series called “Presidents of the United States,” which were minted from 2007 to 2011,...

The price of the arabica coffee quintal dropped to 29,7% during the last two weeks in the International market. That percentage represents the biggest blow in the last 16 months. According to the National Agricultural of Commodity Exchange said the quintal went from $157,60 on...

Financial entities in Ecuador will have a new regulation, after the plenary session of the Assembly approved the Bill regulation for housing or vehicle loans. With 68 affirmative, one negative, one white vote, and 21 abstentions, the Assembly yesterday approved the project on an...

Next week, Ecuador will send a technical team to Brussels to maintain several meetings with the purpose of resuming trade negotiations with the European Union (EU). Mentor Villagomez will lead the delegation from May 2 to May 4, days in which they will try to clear any doubts...

Diferent points of views in favor and against the Bill of mortgages were recorded yesterday in the Economic Commission of the Main Assembly during the first meeting for the socialization of the project bill for the Housing Credit Regulation (Mortgage Act). The discussion of the...

As an urgent economic matter, President Rafael Correa presented the new Law for the Regulation of Housing Credits to the main assembly. In the project it is considered an abuse that, in case of default, financial institutions can collect the debt through the ownership of personal...