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Economy

Producers from Manabi and Esmeraldas received loans for 243 million dollars

Loans for about 110 million dollars were granted in the manufacture sector, 44,5 million for the construction sector, 32,1 million for agriculture, 25,3 million for fishing, 24,7 million for tourism and 6,1 million for other sectors.

Tuesday, 17 April 2018 12:15

Ecuadorian government reduces ministries to 22 and 1,000 officials to be removed from post by 2021

Andres Mideros, Secretary of the Presidency, Etzon Romo, National Planning and Development Secretary, minister of Labor Raul Ledesma and President of the Board of Directors of the Coordinating Company of Public Companies Edison Garzon made the announcement during a press conference.

Wednesday, 11 April 2018 11:29

Ecuador and Brazil to hold high-level meetings

Brazil’s ambassador to Ecuador, Carlos Lazary, said trade relations between both countries can be strengthened to double its amount from one to two billion dollars.

Thursday, 05 April 2018 09:39

Economists and entrepreneurs react to President Moreno’s economic plan

According to analysts, many measures announced by President Moreno will contribute to the productive sector.

Wednesday, 04 April 2018 11:46

Taxes will not be raised in Ecuador, says Minister of Economy

Ecuadorian minister of Economy reiterated that taxes will not be raised in the country.

Tuesday, 03 April 2018 16:24

Ecuadorian President Lenin Moreno announces economic plan

According to him, some of the measures to be adopted include reducing fiscal deficit, greater efficiency in tax collection, reducing public spending and looking for better funding conditions.

Monday, 02 April 2018 21:05

Ecuador and South Korea move towards an economic cooperation agreement

During the event, they agreed on fostering technical cooperation in favor of Ecuador in the areas of geology, mining, metal, environmental remediation, agriculture, conventional and Paralympic sports, electronic government and systems of land and geospatial information, among others.

Monday, 02 April 2018 09:45

Ecuador’s economy grew by 3% in 2017, according to Central Bank

“In 2017, the Ecuadorian economy reported a growth of 3,0%. Such dynamism is mainly due to the increase in household consumption, government spending and exports,” reads the report from BCE.

Monday, 02 April 2018 09:30

President Lenín Moreno says “no price hikes” planned in Ecuador

“This economic plan does not include price hikes as those announced before holidays in the past nor will it affect the poorest in the country,” said the chief of state.

Thursday, 29 March 2018 16:42

Employment, one of the main topics in Ecuador’s economic plan

Unemployment evolution in the last 5 years went from 4,2% in 2013 to 4,6% in 2017, the highest level was reported in 2016 with 5,2%.

Thursday, 29 March 2018 15:58