Day

  The ‘cleaning’ reached the police headquarters of Manabi. Thirty-seven agents were dismissed from the institution for alleged indiscipline; while five others were arrested for alleged links to a dangerous criminal gang, which is responsible for about fifty...

  The Institute of Social Security of the Armed Forces (ISSFA) reports “red numbers” in the profits of at least three of the thirteen companies in which the body has a stake.   “We have no great businessmen, what we wanted is to maintain investments in...

  The Civil Registry recognized yesterday that the computing change in 2000 altered the birth data of thousands of Ecuadorians. And that is one of at least three drawbacks that influence the development of the electoral register. Yesterday, officials of the Civil Registry...

  The latest tax reform which is being processed at the Assembly as an urgent measure, provides for the mandatory payment of income tax for retirees who register higher income. Director of the Internal Revenue Service (SRI) Leonardo Orlando said on Friday April 1, 2016, at a...

The shipping industry is growing immeasurably and world trade is declining or is static. Cargo movement is decreasing and Ecuador is promoting the construction of new docks. The a final reflection is simple, as paraphrasing the song by Gran Combo of Puerto Rico: “no load...

“A rain of new taxes, neither the elderly nor retirees get off lightly. We all have to pay the state revelry,” tweeted the mayor of Guayaquil, Jaime Nebot, tonight, after the presentation of new taxes raised in the Organic Law on Fiscal Balance, sent as an urgent matter by...

The Central Bank presented the growth figures of the Ecuadorian economy in 2015. According to the institution, the gross domestic product (GDP) rose by 0.3%. The government target was 0.4%. The figure is the lowest in the history of the self-proclaimed Citizen Revolution. In...

Former vice president of the Ecuador Alberto Dahik analyzes the current economic situation: measures to impose new taxes on some products, the fall in average sales, unemployment and the rising amount of debt of the Ecuadorian government. Dahik affirmed the failure of the...

  President Rafael Correa defended the draft Organic Law for the Balance of Public Finances, the same he sent last night, Wednesday 30 March 2016, to the National Assembly. This seeks to correct the mistakes of other legal bodies and stop the “abuses in certain...

  The text, which has the character of an economic emergency, offers the return of two VAT percentage points if a purchase is made with electronic money. This also applies with the use of electronic money. The consumer will receive a 1% retribution if the purchase is made...