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The tax reform approved on December 19, 2023 in the National Assembly was already published in the Official Registry on December 20, 2023. The tax reform called the Law of Economic Efficiency and Employment Generation, which was approved on December 19, 2023 in the National...

Arrears amount to USD 5,017 million. Finance talks about selling the ECB’s gold, issuing internal bonds, and analyzing targeting fuel subsidies. Due to the shortage of public resources, the Government plans to close the year 2023 with record delays in payments for USD 5,017...

The Ministry of Labor reported that, by 2024, the Unified Basic Salary (SBU) will increase to USD 460 per month, that is , increases by USD 10 compared to that of 2023. The head of that State portfolio, Ivonne Núñez, explained to El Telégrafo and Ecuador Tv, that this decision is...

The Andean Community approves a standard to advance a project started in 2017 to achieve electrical interconnection. The Andean Community Commission (CAN) approved a community standard to launch the short-term Regional Andean Electricity Market. It is a project started in 2017 to...

Ecuador will close this year exporting 1.5 million pounds of chicken meat to the Bahamas. Shipments are made by Avícola San Isidro (AVISID), installed in the Isidro Ayora canton, province of Guayas. The Minister of Agriculture and Livestock, Danilo Palacios, highlighted the...

The shipping company Maersk announced that it will stop using the port of Guayaquil to move, starting in January 2024, to the port of Posorja, with a greater draft and easier access for its container ships. Although Maersk’s announcement had been made at the end of...

The business event ‘Expo China’ took place in Quito and Guayaquil, with the participation of 200 Ecuadorian companies and 50 foreign corporations. The Ecuadorian Chinese Chamber of Commerce celebrated the ‘China Expo 2023’, under the motto...

In order to make purchases faster and safer, companies have implemented self-service checkouts throughout the national territory for a year. In one of the 44 establishments – of Mi Comisariato de Corporación el Rosado – that have this technology there are ten booths....

The farm that won the 2023 Golden Cup, which recognizes the best coffee in Ecuador, sold its lot for USD 45 per pound to an American company. The best Arabica coffee in Ecuador is produced in Loja, Pichincha and Carchi, according to the results of the Arabic Golden Cup 2023...

Ecuador has a new  airline . This is  JetSmart , an ultra-low cost line that will provide its services in the country. The flights will be from  Quito to Lima and Guayaquil to Lima  and will be made directly. Ecuador has a new ultra low cost airline Ticket sales will begin this...