Foreign direct investment reduces by 15% in Ecuador, according to ECLAC

Foreign Direct Investment (FDI) in 16 countries in Latin America and the Caribbean fell 21% in the first half of 2015 over the previous year, due to lower investments in mining and hydrocarbons, mainly in Brazil, reported the Economic Commission for Latin America and the...
Posted On 16 Oct 2015
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Nine proposals for changes to electoral law in the Assembly

  The National Electoral Council (CNE for its Spanish acronym) issued yesterday to the Assembly its proposed 32 amendments to the Code of Democracy. Originally they were 33, but the plenary of the body withdrew the one that proposed to distribute the party funds among...
Posted On 16 Oct 2015
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Coffee consumption has doubled in 20 years

“So much coffee was never consumed in the world than in the last 20 years, we have practically doubled the rate of growth,” said Robeiro Oliveira, director of the International Coffee Organization (ICO) in Bogota. Oliveira, on a visit to the VIII fair of specialty...
Posted On 16 Oct 2015
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Hindustan Aeronautics Limited state they did delivered the spare parts of the Dhruv helicopters to the Ecuadorian government

  Managers of the Hindustan Aeronautics Limited (HAL) company said to the Indian station NDTV they have not yet been notified on the decision of the Ecuadorian government to unilaterally terminate the contract of the purchase of seven Dhruv helicopters.   On Wednesday,...
Posted On 16 Oct 2015
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Alvaro Noboa talks about his father in Banana Forum

  “Shortly after my dad died, they said that the Noboa company would only last three years, but here are several generations who still work in the Noboa company, always putting into practice the lessons of my father, who was also my my mentor, the person I have love...
Posted On 16 Oct 2015
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Three sailors among 36 alleged drug traffickers at ports

Thirty-six people, including three members of the Navy were detained as suspected members of a criminal gang that recruited employees of the ports of Guayaquil to contaminate containers with drugs. The operation, called Link 66, took place yesterday morning simultaneously in the...
Posted On 16 Oct 2015
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The crisis is felt in taxes

Until August, the total collected by state coffers through the Income Tax (IR for its Spanish acronym) -paid by oil companies- fell by 2%, according to statistics from the Internal Revenue Service (SRI). In eight months they have canceled 45 million dollars, one million less than...
Posted On 16 Oct 2015
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Supercom announces reforms for 2016

During the speech for the second anniversary of the Superintendency of Communication (Supercom), its head, Carlos Ochoa, said that the coming year is full of challenges, proposals and, above all, ‘reforms.’ He said that the reforms he will pose to the Communications...
Posted On 16 Oct 2015
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