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Vinicio Alvarado, Secretary of Public Administration, decided to pardon Activist Monica Chuji under the remission legal figure. “There is no need for her to put not even a penny,” Alvarado said today during a press conference in the Blue Room of the Presidency. His...

In order to reduce cybercrime against banking system customers, entities of the financial sector have decided to implement new security mechanisms. The “My Safe Finance,” by Banco del Pichincha, is working on the installation of a personal chip debit cards instead of...

Since November 24 of the present year a new tributary reform would be set, once published in the Official Registry, said the Director of the Internal Revenue Services (IRS), Carlos Marx Carrasco. This reform will include a tax increase in the outflow of foreign exchange (ISD) of...

The Colombian government is willing to buy ecuadorian raw materials to be transformed and exported to third countries that belong to Free Trade Agreement (FTA). Sergio Diaz-Granados, Colombian Minister made ​​the announcement yesterday after completing the summit of the Andean...

In the Second World Banana Summit, held this week in Guayaquil, the Deputy Minister for Agriculture, Ivan Wong, announced that the Ministry of Agriculture, Livestock, Aquaculture and Fisheries (MAGAP for its acronym in Spanish) is considering an extension for the second banana...

Fernando Alarcon, legal director of Bananera Noboa, owned by businessman Alvaro Noboa said yesterday that the company has not declared itself in bankruptcy and continues its regular activities, “the company is not, and will not declared itself in bankruptcy, but it will...

According to Carlos Marx Carrasco (SRI), the Ecuadorian government needs that the tributary reform be approved by court before the end of the year, this way the changes made will be valid on next year. According to Carrasco, the money received from the tributary reform will...

Plantain wholesalers in the province of Los Ríos (Ecuador) ensure that the product has been scarce in the last three weeks. Aurelio Mendez Calderon said before he used to get 150 bunches per week for his business, but now he only gets between 40 and 50 due to scarcity. The dealer...

This morning, Ecuadorian President, Rafael Correa announced the approval of the Bill for the Regulation and Control of the Market Power, known as ‘antitrust.’ “(…) Now we have an anti trust bill, that’s good news for the country. The U.S. has it over...

Since last Friday in Guayaquil it has been very common to see long lines of people waiting outside the facilities of the supermarket chain Mi Comisariato in order to acquire their membership card (valid for one year), for free. In Ecuador, the recent approval of the Regulatory...