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Ecuador, OPEC’s most sacrificed partner

  Ecuador receives the agreement of the Organization of the Exporters of Petroleum (OPEC) to reduce the world oil production from two entirely opposing points of view. The country is the third smallest member of the cartel regarding extraction and also the second that fewer...
Posted On 02 Dec 2016
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Corruption within Petroecuador splashes 80 officials and contractors

The Petroecuador case triggered reactions after the Attorney General´s office confirmed that the current manager of Petroecuador, Pedro Merizalde, is being investigated for alleged perjury. Vice President Jorge Glas and candidate for the government binomial, defended the director...
Posted On 02 Dec 2016
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Capital Gains Act raises up to 75% the extraordinary profit rate

President Rafael Correa yesterday sent the draft Organic Law to the Assembly to Prevent Speculation on the Value of Land and Fixation of Taxes known as “Capital Gains Act,” with the character of an economic urgency, which was distributed to the assembly members at...
Posted On 02 Dec 2016
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Banana dialogue tries now to lower costs

  The price of a banana box (41.5-43 pounds), which will govern from January 1, will be $ 6.26, ten cents more than the current one. This was set this week by the undersecretary of Commercialization of the Ministry of Agriculture, Carol Chehab. However, the new price has...
Posted On 02 Dec 2016
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