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7.8: professionals propose an extensive reconstruction

    They saw that part of Ecuador was devastated by a 7.8 degrees earthquake and decided not to stand idly. Three weeks after the disaster, the Association of Civil Engineers and Architects of Guayas, along with 12 other professional associations, 14 social...
Posted On 30 May 2016
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The pharmaceutical sector and its ‘diseases’

More than 90% of the 53 pharmaceutical plants in the country have Ecuadorean capital and are managed by Ecuadoreans and technically directed by Ecuadoreans, according to a study of the pharmaceutical market conducted by the ESPAE of the Polytechnic School.   Therefore, the...
Posted On 30 May 2016
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Concern among civil society groups in the region

The crisis of the Inter-American Commission on Human Rights (CIDH) concerns civil society organizations inside and outside the country. A coalition of groups and citizens of several countries appealed to members of the Organization of American States (OAS) “to take the...
Posted On 30 May 2016
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Investigation on tax havens is treated again in the Ecuadorean Assembly

  The Justice Commission of the National Assembly will continue the investigations on offshore companies in tax havens in their information gathering phase, after the holidays. The Legislative Branch decided to launch an investigation into this subject after the...
Posted On 30 May 2016
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The products of the basic food basket are purchased in Ipiales, Colombia

  The announcement of extended safeguards and new taxes, applied since March last year, is prompting more Ecuadorians to cross the northern border in search of products at better prices. Visitors who go to the city of Ipiales, in southern Colombia, do it daily. Before, they...
Posted On 30 May 2016
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Companies and stores are ready to charge the 14% VAT

  The increase of two percentage points to the current VAT (12%), a measure that will take effect on Wednesday and will last for one year, was approved in the Solidarity Act. This legislation seeks to raise funds for the economic recovery of southern Esmeraldas and Manabi....
Posted On 30 May 2016
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Acoording to Hugo Yepes, El Aromo oil refinery is built in a seismic zone

  The Pacific Refinery, located in the area known as El Aromo, near Manta, in Manabi, would be built in a seismic zone, according to seismologist, volcanologist and researcher Hugo Yepes. The expert notes that there are seismic segments in Puerto Lopez and El Aromo, between...
Posted On 30 May 2016
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Puerto Bolivar prepares its transfer to the Turkish consortium

The Port Authority of Puerto Bolivar in the coming days will have to transfer these facilities to the Turkish consortium Yilport Holding, which in February won the concession for 50 years for an investment of $ 750 million. This transfer involves the transition of software,...
Posted On 30 May 2016
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Two weeks of waiting for support that ‘saves’ the management of the IACHR

    Ecuador has not made financial donations to the Inter-American Commission on Human Rights (CIDH) in the last four years. These voluntary contributions are one of the sources of funding of the agency, that these days declared it is undergoing a “financial...
Posted On 30 May 2016
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