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Rafael Correa: “I always said miracles do not exist in economics”

“It has spoken several times about the Ecuadorian miracle, I always said that miracles do not exist in economics and developing: there are consistently good decisions and adequate economic policies,” said President Rafael Correa at a round table last Tuesday in...
Posted On 24 Sep 2015
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Volkswagen will not have problems in Ecuador

The controversy over the manipulation of greenhouse gas emissions that has shaken Volkswagen this week is far from Ecuador. Not only because it originated in the US but because in the country, the regulations governing emission limits were established in 1996 allow levels that...
Posted On 24 Sep 2015
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Ecuador is fulfilling all the Millennium Development Goals, says Diego Zorrilla of the UN

The United Nations Resident Coordinator in Ecuador, Diego Zorrilla, in an interview with Ecuavisa said that the Millennium Declaration of the United Nations established a commitment of countries, including Ecuador, in the development focused on eight goals. The final evaluation...
Posted On 24 Sep 2015
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Less deposits but more credits than a year ago

Ecuador’s private banks between August last year and the same month of 2015, lended a 6.82% more, equivalent to 1,174 additional million dollars, according to the report by the Superintendent of Banks. Deposits started falling since April as a result of the reduction in oil...
Posted On 24 Sep 2015
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Apartments and houses of up to $ 70,000 in real estate exhibition

Real estate projects up to $ 70,000 represent 60% of the offer that is on display since yesterday in the real estate fair Habitat, according to Ricardo Baquerizo Amador, CEO of Expoplaza, organizer of the event. This year, the exhibition, that will run until Sunday at the...
Posted On 24 Sep 2015
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Ecuador loses $ 128 million annually for liquor smuggling 

Ecuador loses about $ 128 million a year by the flood of illegal alcohol on hangers. This deficit, in fact, is assumed by the state, which needs those resources for the health system.   Euromonitor International, a consulting firm dedicated to the study of the market behavior,...
Posted On 24 Sep 2015
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National Assembly shall sue deputies that ceased the court in 2004

  For the first time in the legal history of Ecuador, the National Assembly will apply the principle of repetition, in order to recover money of the state. This time, the action will fall on the 52 former deputies who in December 2004 deposed judges of the Supreme Court of...
Posted On 24 Sep 2015
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Ombudsman considers grounds against the NGO, but is concerned by the dissolution of Fundamedios 

The Ombudsman, Ramiro Rivadeneira, defended the grounds that the Ministry of Communications (Secom) applied to start a process of dissolution against Fundamedios. “I have not ruled on whether these grounds end up in a process of dissolution. What I am saying is that there...
Posted On 24 Sep 2015
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General State Comptroller rejects denounce on hydroelectric press

The Comptroller General Carlos Polit, yesterday rejected the complaint of the National Anti-Corruption Commission -agency formed by twelve citizens- concerning an alleged loss for the state in the construction of hydroelectric press Maduriacu, located between Imbabura and...
Posted On 24 Sep 2015
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Informal employment increases in Latin America and the Caribbean

Latin America and the Caribbean suffer a dangerous “vicious circle” in their labor markets, that mixes precarious employment, informality and low productivity of the workers, reported the Inter American Development Bank (IDB). “Although the region has grown...
Posted On 24 Sep 2015
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