Augusto Espín: ‘Petroamazonas bonds will serve to pay debts to suppliers’

In an interview with Daily El Comercio, Minister of Strategic Sectors Augusto Espín revealed that the issuance of USD 355.2 million in international bonds by Petroamazonas is “geared towards the payment to suppliers,” thus, “recognizing the debt with...

Leon Roldos: ‘I am worried that before the high indebtedness, the government adopts the proposal of Varoufakis’

With regard to the government transition process, which involves the departure of President Rafael Correa and the arrival of President-elect Lenin Moreno, former vice president Leon Roldos believes that the political and economic will must prevail to maintain dollarization. This,...

Gerardo Moran never reneged in the frequencies case, according to his defender

The lawyer of singer Gerardo Moran announced at a news conference that his defendant “never reneged on his initial version” in the investigation of an alleged crime of illicit association in the so-called Sale and Purchase of Frequencies case. In the first instance,...

The sale of the Banco del Pacifico is in the hands of the new Government

A year ago the government announced the sale of Banco del Pacifico, now, a new deadline is set. The sale process of the financial institution is not canceled but is “pending” until president-elect Lenin Moreno takes office in May. During an interview with Daily El...

PAIS Alliance, a not so wide majority and at the expense of not having defectors

A multi-colored painted map reflects the triumph of Alliance PAIS – the government’s party that will continue to have a majority in the Legislature – and also means a loss of seats: it will have 26 legislators less. In 2013 the party obtained 100 seats, and from...

Rafael Correa affirms that a former official of his government did not receive bribes

“It was not a bribe because he was not a civil servant, Alecksey was a minister from July 2007 until July 2009 and he received that payment in February 2011,” said President Rafael Correa during a talk with the media on Monday, April 24. He explained that as a private...

Petroamazonas issues bonds for $ 355 million

On February 16, Petroamazonas issued international bonds for $ 355.2 million in an operation led by Citi Group Global Markets Limited. The public company, which holds debts to private oil companies, allocated this amount to finance the “Investment project in financial...

An informer is the owner of a company that paid bribes in Ecuador

The Ecuadorian Prosecutor’s Office identified the Klienfeld Consulting Corp as the company responsible for transferring bribes paid by the Odebrecht. This offshore company, based in Panama and represented by Mossack Fonseca, is owned by RicardoTrombeta, one of the informers...