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37% of companies will reduce their payroll as a result of the economic crisis caused by the coronavirus. Companies prefer teleworking as an option before the spread of COVID-19 The consultancy Deloitte & Touche carried out an investigation to find out the changes in work...

The price of a barrel of West Texas Intermediate ( WTI ) for delivery in June 2020, which began trading on the markets this Wednesday, April 22, gained more than USD 4, a jump close to 40%, amid great nervousness of the investors . WTI crude oil price, benchmark for Ecuador,...

Ecuadorian products may enter Europe with 0% tariffs, once the National Assembly ratified the Inclusive Economic Association Agreement between Ecuador and the European Free Trade Association (EFTA Agreement) with 133 votes. Ecuadorian products will enter Europe with 0% tariffs...

The agency Fitch Ratings lowered this Monday, April 20, 2020, the rating of Ecuador to ” restricted default “, according to a publication on the web portal Voice of America. Fitch downgrades Ecuador to ‘restricted default’ after agreement with creditors...

Amid the health crisis due to the coronavirus pandemic, the plenary session of the Assembly will process tomorrow the Economic Association Agreement between Ecuador and the European Free Trade Association (EFTA), or European Free Trade Agreement (EFTA). The document has the...

Teleworking, reduction, modification and work suspension are the emerging modalities adopted by the Government to avoid layoffs and one of these forms of work increased by 900% in one month of the 41 days that the health emergency has been declared by COVID-19 in the country....

Carmelina Albarracín from Cuenca is concerned that her husband, Carlos Rivera , who resides on East Hampton Long Island (New York), has been in home isolation for more than two weeks and cannot work. He worked in a construction company. Migrants stop sending money due to...

After four days of the announcement of the measures to face the crisis, the Government continues working on the urgent economic bill that will be sent to the Assembly . He offered to present it on April 11, but until yesterday, April 13, 2020, it did not arrive. Labor reform...

After 26 days of partial work stoppage, the first reports of people who in recent weeks have suffered an untimely dismissal or who are being forced to submit the resignation begin to appear on social networks. The Ministry of Labor monitors the market, with a reinforcement in...

On the morning of this April 10, 2020, the Minister of Energy and Non-Renewable Natural Resources, René Ortiz, confirmed that Ecuador has declared force majeure on its oil exports due to the rupture of the two pipelines that transport national crude. Ecuador declares force...