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Political opposition groups met to reject amendments

  The rejection to the constitutional amendments yesterday gathered several leaders of the so-called “resistance”: Ernesto Gallo, Fausto Cobo, Cesar Carrion, Cesar Montufar Cesar Monge, Freddy Bravo, Lucia Cardoso, Betty Amores, among others. At the meeting they...
Posted On 05 Nov 2015
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Margoth Escobar awaits audience to know if she goes to trial

    Amazon activist Margoth Escobar will know if a trial will be started against her on November 10 at a hearing to be held in Puyo, Pastaza, where she is native. The preliminary hearing of trial is set for that day, in which the prosecutor who investigates her for her...
Posted On 05 Nov 2015
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President Palacio ‘endorsed’ the end of Oxy, says former minister

Ivan Rodriguez, an official who declared the expiration of the contract with American oil company Occidental (Oxy), came forward to comment that in this case a possible recourse action is “not applicable” for the compensation the State shall pay to the company. This...
Posted On 05 Nov 2015
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Ecuadorian budget for 2016 will receive $ 673.5 million from oil

The general government budget for next year will only receive $ 673.5 million from oil (or non-permanent) revenues. This was announced yesterday by Finance Minister Fausto Herrera at a press conference to explain the Budget Pro forma that was sent over the weekend to the National...
Posted On 05 Nov 2015
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Opposition groups met in Loja

  Yesterday political and social leaders met in Loja to build a proposal for the country. This is the fourth and final point of the called ‘Commitment of Loja’ signed by the participants and whose core issue was the package of amendments to the Constitution. The...
Posted On 05 Nov 2015
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Electricity subsidy lowers by $120 million

  The Government foresees a reduction of subsidies by at least $ 457 million in the energy sector. In 2016 the fuel subsidy to the industry, shipping and aviation sector ($ 337 million) will no longer be paid, and $ 120 million more will not be paid for targeting the...
Posted On 05 Nov 2015
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 Living in Ecuador is more expensive every day

Life in Ecuador is more expensive, this is the citizen and business perception. But it is also what the figures of the World Bank reveal. Prices have risen in Ecuador more than double as in the United States almost every year for the past seven years. Only in 2011 and 2013 the...
Posted On 05 Nov 2015
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Payphone, a credit card in your phone

  The vice president of Produbanco means of payment, Sebastian Quevedo, talks about the new Payphone application that allows users to pay from their phones.   Produbanco has partnered with Ecuadorian entrepreneurs to promote payments through a mobile application  ...
Posted On 05 Nov 2015
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DISPACIF SA informs traders, buyers, sellers

The Si Cafe Company informs it has not sold merchandise to the Vinnet Company SA since March 2015, and does not plan to sell its products so far this year.   The Vinnet Company SA is still trading Si Cafe products, so Dispacif requests the public to report any commercial...
Posted On 05 Nov 2015
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