Earthquake Ecuador

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,...

Penalties for embezzlement vary due to various factors

On April 20, the judges of the National Court of Justice denied the appeals for annulment filed by former Sports Minister Raul C., thus ratifying the sentence of four years in prison against him for the crime of embezzlement. Instead, the next day, April 21, the Public...

Gedeon contacted a former minister for Toachi Pilatón

In 2008, Eduardo Gedeon, then legal director of Odebrecht for Latin America, was confined to the Brazilian Embassy in Quito He was banned from leaving Ecuador after failures were detected at the San Francisco hydroelectric plant, built by the transnational company.   They were...

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...

The ITT will produce $ 800 million this year

The oil exploitation in the Yasuni National Park is beginning to bear fruit. According to the goals set for 2017, block 43, located in the ITT area (Ishpingo, Tambococha, and Tiputini), will generate about 800 million dollars. Nevertheless, due to the hydrocarbon presales to...

ISSFA officials reject the expropriation announced by Correa

Wagner Bravo, delegate of the retired officers at the Social Security Institute of the Armed Forces (Issfa), said that the general assembly of retired pensioners denied the sale of any macro-lands in the Samanes borough to the State. “There will be no negotiations unless...

Juan Carlos Cassinelli reports three changes in safeguard tariff measures to the WTO

Three changes to protective tariff measures compared to that originally established in March 2015 occurred last year. Foreign Trade Minister Juan Carlos Cassinelli explained this during his presentation to the Committee on Balance of Payments Restrictions of the World Trade...

Rafael Correa: ‘The Constitutional Court casts legal uncertainty’

President Correa criticized the Constitutional Court for its “inefficiency” due to the delays of trials and its lacking political control, during the opening speech of the Quitumbre judicial complex, in Quito.   “There are many challenges to improving the...

Varoufakis suggests the promotion of electronic money in the country

Greek former finance minister Yanis Varoufakis visited the country to praise the outgoing administration of president Rafael Correa and advise president-elect Lenin Moreno. He held meetings yesterday with them to give praise. Few are the changes he suggests in an economic model...