Ecuador, OPEC’s most sacrificed partner

Ecuador receives the agreement of the Organization of Petroleum Exporting Countries (OPEC) to reduce the oil world production from two entirely opposing points of view. The country is the third smallest member of the cartel concerning extraction and also the second that fewer...

Barcelona wins its 15th victory in the National Championship

The Barcelona Sporting Club was crowned Champion 2016 after winning against Mushuc Runa, in the Bellavista stadium of Ambato, yesterday afternoon. With a result of 4-2, the fans celebrated the 15 victory of the Guayaquil team in the national championship. Jonathan Alvez takes the...

Israel complains about statements of Ecuadorian ambassador at the UN General Assembly

Last Friday, the Israeli Embassy in Ecuador addressed a verbal note to the Ecuadorian Foreign Ministry protesting against the comments made by the local ambassador to the United Nations, Horacio Sevilla, at the UN General Assembly. Sevilla advocated the immediate establishment of...

Figures from the Ministry of Finance and the BCE on oil presales do not match

Ecuador’s oil presales to China and Thailand reached $ 8,535 million in eight years (between 2009 and August 2016), according to figures released by the Ministry of Finance. The information also states that, of this amount, Ecuador has already paid some $ 6,853 million in...

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...

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...

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...

63% of Ecuadorians say that corruption in Petroecuador affects Lenin

Cedatos has published new data for the next electoral process of February 2017. 63% of Ecuadorians believe that Petroecuador’s corruption cases will affect presidential hopeful Lenin Moreno. In fact, 17% of Ecuadorians believe that the country’s main problem is...