Trial by counterfeit of university degree expects for the extradition of Pedro Delgado

  Three years after the former president of the Central Bank of Ecuador (BCEfor its Spanish acronym) of the cousin of President Rafael Correa Delgado, Pedro Miguel Delgado Campana, publicly accepted that he forged a university degree in economics, justice has not yet...
Posted On 21 Dec 2015
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Unified Basic salary will be $ 366 in 2016

  Labor Minister Leonardo Berrezueta, announced this morning that the unified basic wage of 2016 will increase by $ 12. Thus, the minimum wage required by law for workers in Ecuador goes from 354 to $ 366 monthly. The increase was announced by the minister during a tour with...
Posted On 21 Dec 2015
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Ecuador will no longer require health records for exporting companies

  The vice president of Ecuador Jorge Glas said that health registrations for products intended for exports will no longer be necessary. The other goods that still require these permits, such as those intended for domestic consumption, will be delivered in an agile way...
Posted On 21 Dec 2015
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Emelec: Three-time champions

  Since the end of the game, everybody celebrated the 13th championship title calmly. Just after the final whistle of referee Daniel Salazar, the players threw on the floor and embraced. They also had time to console the players of Liga de Quito, who were sad to lose the...
Posted On 21 Dec 2015
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The drop in mining production is offset by more exports

  The mining sector is one of the prioritized ones by the Ecuadorian strategy to expand its state revenue sources. But in 2014 it suffered a decline (latest figures available at the Central Bank of Ecuador) across the board. Gold, silver, clay, limestone, kaolin, feldspar,...
Posted On 21 Dec 2015
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‘Objections’ of IESS member upon construction of three hospitals in Guayaquil, Quito and Machala

  The recruitment process for the construction of three hospitals in Quito, Guayaquil and Machala by the Ecuadorian Institute of Social Security (IESS) at a cost of $ 580.5 million approved in July this year, generated views within the Management Council of that body. The...
Posted On 21 Dec 2015
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Ranking of advisers in the Assembly with more and less academic degrees

  Lawyers prevail in the list of advisers of level 1 of the National Assembly. Until last September, the body recorded 171 professionals, of which 53% have degrees related with law. The other half of advisers are engineers (13%), with degrees in Social Communication (9%) and...
Posted On 21 Dec 2015
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AP committee warns legislator Fernando Bustamante

  The president of the Ethics and Disciplinary Commission of Alianza PAIS (AP), Carlos Marx Carrasco, issued a press release on Saturday in which he states that the sanction to his peer, legislator Fernando Bustamante, includes the political commitment to assign his position...
Posted On 21 Dec 2015
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Forecasts suggest a further drop for oil

  The behavior of the global market continues the drop trend  in the price of oil. Thus, last Friday, a barrel of “light sweet crude” (WTI), benchmark price used for the Ecuadorian oil, for January delivery, lost 22 cents to settle at $ 34.73. With this figure...
Posted On 21 Dec 2015
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Government and companies pay the Christmas bonuses in a difficult year

  Employers of the private sector have starting from today four days to pay the thirteenth salary. Section 111 of the Labour Code regulates the payment of this bonus, known as Christmas bonus. It corresponds to full pay, ie, salary plus bonuses, overtime, commissions, etc....
Posted On 21 Dec 2015
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