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About $ 24 million will stop paying the Ecuadorian rose for tariffs when entering the United States market. This, due to the lowering of the tariff that was from 6.8% to 0% made official by the White House and announced on Friday by President Lenín Moreno. The benefit takes...

The Government has advanced this year with changes that make more flexible and lower the costs of hiring labor in the private sector . Six new modalities add flexibility to the employment relationship One of the steps was the creation of a special emergent contract, through the...

A new internal price scheme set the Government for bananas. The Ministry of Agriculture and Livestock established a new mechanism of four minimum support prices for the banana box for 2021. Price of bananas in Ecuador will be set according to the season This unprecedented scheme...

Ecuadorians, on average, make just 7 electronic payments a year. The cash remains, according to the Central Bank , the most used to pay for any purchases in the country. In Colombia, the figure rises up to 12 times, in Chile it stands at 46 and in Brazil over 135. Digital...

Whether or not the price of the 41.5-pound box of export bananas remains at $ 6.40 for 2021 is a question that will be resolved today by the Ministry of Agriculture and Livestock (MAG) on an unpublished date in the absence of two months after the end of the year, when this item...

The Court of the Provincial Court of Justice of Pichincha ratified preventive detention against María de los Ángeles Duarte, for the alleged breach of a legitimate decision of the competent authority. Ecuador seeks a space in the world market for the vaccine for covid-19 This,...

The time that Andrés used to talk with his mother no longer exists. She barely has 9 hours a day to sleep, bathe, and help out with housework. Telecommuting in Ecuador: ‘It is the worst experience I have ever had. I work 15 hours a day and they pay me 6 ‘ He also has...

The fishing represents the third non – oil revenue for the country, after the bananas and shrimp . The pandemic , according to Luigi Benincasa, director of the Ecuadorian Tuna Boat Association , took most of the vessels on the high seas and working was one of the best...

The Government needs to reduce the exemptions in income tax (IR) for natural persons and expand the tax base of this tax so that more income is generated that can go to the poorest , explained Julien Reynaud , representative of the International Monetary Fund ( IMF) in Ecuador....

The coronavirus pandemic is accelerating the digital transformation in the Ecuadorian financial system. From face-to-face service windows, customers are increasingly migrating to new ways of transacting on virtual channels. Digital banking transactions in Ecuador grow 26% If...