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Commune demands default on payment from Petroamazonas

  Almost 300 members of the Kichwa community El Eden, in Orellana, protested yesterday by a “critical financial situation” because of an alleged noncompliance of payments and agreements by the state company Petroamazonas and several subcontractors. This would...
Posted On 06 Nov 2015
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Exporters ask to unblock trade agreement with Europe

  Fedexpor CEO Felipe Rivadeneira recommends that the negotiations for trade agreements with Europe must be pragmatic and asked the highest authorities of the country to unblock this lack of approval from Colombia and Peru in order to authorize the accession of Ecuador to...
Posted On 06 Nov 2015
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Dahik recommends to join a recovery plan of the IMF to overcome the crisis

  Former Vice President Alberto Dahik, in an interview with Ecuavisa said that Ecuador should benefit from an economic recovery program with the International Monetary Fund (IMF), as no other international organization can offer to the country more convenient rates and...
Posted On 06 Nov 2015
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Loja: organizations prepared for Wednesday´s protest

  The leaders of the social and indigenous organizations are meeting today, from 16:00, in the Prefecture of Loja to prepare the protest convened on 11 November, which demands the file of constitutional amendments.   Other meetings will be held in coming days in...
Posted On 06 Nov 2015
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The US removes trade preferences to African agricultural products

US President Barack Obama on Thursday warned the Congress he plans to eliminate in the next 60 days trade preferences granted to South African agricultural products under the AGOA program (African Growth and Opportunities Act). According to the White House, this initiative is...
Posted On 06 Nov 2015
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Ecuador, seventh in South American ranking of business

  The Doing Business report, published by the World Bank, ranked Ecuador 117th in the global ranking, while in 2014 the country was 18 positions below.   If only the twelve South American countries ssessed (excluding French Guyana) were taken into account, Ecuador would...
Posted On 06 Nov 2015
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Social Security for bus drivers: next government proposal

  Social Security for bus drivers, that is the proposal of the ruling party for this strategic sector, which could be compared to an army for its size.   This was announced by the PAIS Alliance legislator and member of the Commision on Legislative Administration Fausto...
Posted On 06 Nov 2015
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Interests of the Oxy payment could rise to 300 million, according to state Attorney General

  In an interview with El Comercio newspaper, the State Attorney General, Diego Garcia, speaks on the arbitration process of the Oxy case. He indicates that the arbitration process has cost about 0.8% of the proposed amount by Oxy, which was $ 3.370 million.   On the...
Posted On 06 Nov 2015
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National Police patrol car entered illegal merchandise from Peru

A police car and a private vehicle were detained as they drove down a street in the Arenillas county. Four policemen used them to transport illegal goods of Peruvian origin.   Intelligence staff of the police reported the fact to the Customs Control Service of this...
Posted On 06 Nov 2015
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Oxy debt swells the list of liabilities of the Treasury

    The Finance Minister Fausto Herrera said that the compensation that has to be paid is no longer considered a contingent liability and passed to be a “passive.” During his appearance before the Commission on Economic Conditions of the Assembly, the...
Posted On 06 Nov 2015
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