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Mortgage credits decrease in the private sector

The new requirements for the mortgage credits, in order to avoid non-payment, decreased the volume of approved mortgages by 15% in the private sector. The Ecuadorian Central Bank (Spanish acronym BCE) indicated that $656,9 million of mortgage credit were approved in 2011 against...
Posted On 06 Feb 2013
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Duale River Dredging will have little impact on the flora

Within the environmental impact and engineering study done on the islet El Palmar, where dredging is planned, it was assessed its flora and fauna, identifying three native plant species. Vegetation: The first is an aquatic specie,  very abundant around the island. It is a...
Posted On 06 Feb 2013
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Conviction against Ecuador due to court rape, is asked

Representatives of the judges of the Supreme Court of Ecuador dismissed by the Congress in 2004 asked the Inter-American Court of Human Rights (IACourtHR) a conviction against the State to guarantee judicial independence. “It is essential that this Court pick standards of...
Posted On 06 Feb 2013
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Corruption in Spain angers Ecuadorian migrants

According to the National Institute of Statistics and Census, INEC, the 360,710 Ecuadorians living in Spain in 2011 and until December 2012, 52,536 returned to Ecuador last year. Such is the case of Raul Ordoñez migrant who returns with his wife and four daughters to Ecuador in...
Posted On 06 Feb 2013
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Iran denies any relationship with millionaire Venezuelan check

The Iranian, whose billionaire Venezuelan money check was seized in Germany, an amount equivalent to 70 million dollars, is not related to the Tehran government, said yesterday Iran‘s ambassador in Caracas, Hojottolah Soltani. Tahmasb Mazaheri is “not an Iranian...
Posted On 06 Feb 2013
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Portugal will face Ecuador Today

This afternoon Portugal soccer team will face the Ecuadorian “TRI-color” in a friendly match as part of the preparation for the World Cup Brazil 2014. For more than 40 years that both teams haven’t played against each other. The last time was in the Tournament of the...
Posted On 06 Feb 2013
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Deadly Incident at Quininde leaves pain on family and friends of victims

Jose Aragon Ulpiano Micolta, 40, arrived wearing a distinctive green jersey of the Alianza PAIS movement and a flag, at 17:00 on last Monday, to the corner of the 9 de Octubre and Manuel Alman streets, where the candidate-president, Rafael Correa, was expected. Witnesses who...
Posted On 06 Feb 2013
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The Super Bowl 2013, didn’t reach the audience record expected

Around 108.4 million viewers witnessed the most important sporting event in the United States, the Super Bowl, where the Baltimore Ravens defeat the San Francisco 49ers by por 34-3. According to the numbers released by Nielsen, the broadcasting of the end of the National Football...
Posted On 06 Feb 2013
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CFN Studies the possibility of bond exchange for shares of PNB 2012-2030

The National Finance Corporation (CFN) analysed a possible swap of the 2012 and 2030 bonds for shares of Pacific National Bank (PNB), a subsidiary of Pacific Bank in Miami, as part of the sale of the company. In a confidential document, sent by CFN to the Finance Ministry last...
Posted On 06 Feb 2013
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Pedro Delgado was an economist with a false title since 1990

Yesterday, Assemblyman Enrique Herreria published the fake title that Pedro Delgado Campana, former president of the Central Bank of Ecuador and cousin of the Ecuadorian President Rafael Correa, used to obtain a fourth level degree in the Central American Institute of Business...
Posted On 06 Feb 2013
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