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...

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...

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...

Ecuador will reduce its oil pumping by 26,000 barrels per day

Venezuela and Ecuador will contribute with 95,000 and 26,000 barrels per day respectively due to the joint cut of 1.2 million barrels of production agreed this November 30 in Vienna by the Organization of the Petroleum Exporting Countries (OPEC). The objective is to reduce the...

The negative Law of Capital Gains President Correa wants to impose, would go to the National Assembly for approval

President Rafael Correa clarified yesterday he did not send the Capital Gains Bill earlier this week because he traveled to Cuba to attend Fidel Castro’s funeral. “I was in Cuba, we arrived at five in the morning (yesterday), and I guess (the bill) it is on my desk, I...

New faces, two former mayors, and a former governor run for District 4 of the Guayas province

Seventy-five candidates from fifteen movements and political parties will seek five seats in the National Assemble representing Guayas´ District 4. This district gathers 21 counties of the province, an agricultural majority. Among those who lead the parties, there are three...

Correa calls for resignations for the last semester

President Rafael Correa called for the resignation of all secretaries of state before embarking on a trip to Cuba to attend Fidel Castro’s funeral. He did so through the Secretariat of Public Administration. Decisions about who stays or leaves will be taken upon his return...