Economic reform in Ecuador: President Lasso eliminated the fiscal deficit in only 17 months
The reformist administration eliminated the State's fiscal deficit in record time altogether, and Ecuador already has a comfortable primary
November 3, 2022Topic
Ecuador economy
Ecuador doubles non-oil exports to China, which is the main destination for imports as well
Ecuador's Ministry of Production, Foreign Trade, Investment, and Fisheries reported Monday that China is the leading destination for Ecuador's non-oil...
September 20, 2022
Ecuador and Paraguay agree to expand their economic and trade relations
The Foreign Ministers of Ecuador, Juan Carlos Holguín, and Paraguay, Julio Arriola, signed a Memorandum of Understanding in New York...
September 18, 2022
Oil, mines, and energy: how much do they represent in Ecuador’s income?
The oil, mining, and energy industry generated US$9.7 billion to Ecuador's treasury in 2021. The figure corresponds to the resources
March 17, 2022
Ecuador seeks to attract capital with new free trade zone models
The creation of free trade zones is one of the three pillars of the Investment Attraction Law project, generating more...
March 8, 2022
Ecuador to reduce from 5% to 4% tax on foreign currency outflows in 2022
Ecuador will reduce from 5% to 4% the tax it applies to the outflow of foreign currency through shipment or...
December 21, 2021
More than 22,000 businesses disappeared in Ecuador during the pandemic
The Government of Ecuador revealed this Tuesday that more than 22,000 companies disappeared in the country due to the effects...
July 7, 2021
Former president Mahuad believes that Ecuador’s dollarization was a “historic success”
Former Ecuadorian president Jamil Mahuad (1998-2000) evoked this Thursday the late Maradona when defending his decision to dollarize Ecuador, a...
May 14, 2021
Ecuador’s economy to contract by 7.8% in 2020 due to pandemic
Ecuador's economy contracted 7.8% in 2020 due to the coronavirus pandemic's effects, which hit hard household and government consumption, investment,...
April 1, 2021