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Contract between IESS and a private clinic was illegal according to Comptroller General

A special examination of the Comptroller concluded that the contracts for service provision signed in 2009 and 2012 between the Ecuadorian Institute of Social Security (IESS) and the Gonzalez Clinic, in Lago Agrio, whose owners are cousins of Ramiro González, former president of...
Posted On 17 Nov 2015
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Ecuador closes 2015 with more debt

  The year is ending and there are still bills pending. The Government, according to its estimates, will end 2015 with a debt of around 34,000 million dollars. A constitutional limit of 6,000 million.   Until September, according to a report of the Secretariat of Public...
Posted On 17 Nov 2015
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Arrears of consumer loans rise at 7.87%

  The point is that one of the indicators that continue to deteriorate is late payment on consumer loans from private banks, largely by credit cards, which rose to settle at 7.87% in October, according to the Superintendency of banks. That is, families have more arrears to...
Posted On 17 Nov 2015
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Pension Funds with less incomes

  The Board of the Ecuadorian Institute of Social Security (IESS) passed a resolution to change the contribution made by members and employers, said yesterday the head of the body, Richard Espinosa. He explained that the decision adopted last Friday will not involve an...
Posted On 17 Nov 2015
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Transitional provision could be extended to sectional authorities in 2019

  The vice president of the Occasional Commission for Constitutional Amendments, Veronica Arias (ARE), suggested that the transitional provision proposed by President Rafael Correa to exempt him and the assembly members who have served two terms in a row from indefinite...
Posted On 17 Nov 2015
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Carlos Bernal, ‘What exceed 200 liters per person, per day, is a waste’

  Water Secretary Carlos Bernal explains the rate the government intends to charge to municipalities, from 2017, when above a certain volume of untreated water is used. This is based on the Water Act. He explains that the subsidy was set by an econometric study that has...
Posted On 17 Nov 2015
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Banana Growers struggle with red tape and taxes

  Ecuador can export more bananas, “but for this is urgent that the fruit is competitive in foreign markets,” Eduardo Ledesma, director of the Association of Banana Exporters of Ecuador (AEBE), told to Daily Expreso. Gustavo Marun, president of the Regional...
Posted On 17 Nov 2015
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The restriction of transferring money from one fund to another is not in effect anymore

  The president of the Board of the Ecuadorian Institute of Social Security (IESS), Richard Espinosa, confirmed yesterday that the change of distribution of the contributions that members provide to the pension and health fund was adopted at the session last Friday. The...
Posted On 17 Nov 2015
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French institutions in Ecuador remain under permanent police protection

The French Embassy and the French Alliance, French institutions in Ecuador, are on a permanent police protection after the attacks of Paris recorded last Friday, in which 129 people died. The side streets of access to these institutions are closed one block away, and police...
Posted On 17 Nov 2015
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In a year couriers lose almost half of the business

  The parcel shipping via the 4×4 system ($ 400 and up to four kilos) has reduced by almost half in a year. Data of the Central Bank of Ecuador, from January to September, indicate that the country reached 88.4 million dollars in international postal traffic and fast...
Posted On 17 Nov 2015
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