Alleged leader of the Front 48 of the FARC is captured in Ecuador

A suspected leader of the FARC guerrilla, of Colombian nationality, was captured in the Ecuadorian province of Sucumbios, bordering with that country, local Interior Minister Jose Serrano reported. “Leader of the Front 48, of the Farc, was detained with grenades and...
Posted On 24 Jan 2016
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The international price of crude oil has historically been low

Since Ecuador began to exporte oil, only in the 70s and during the government of Rafael Correa it has enjoyed a revenue boom for the value of the barrel. The Ecuadorian oil fell to its lowest level in twelve years this week and, according to projections by the International...
Posted On 24 Jan 2016
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Rafael Correa: There is a problem of illiquidity

“That was precisely the government’s strategy. Instead of putting the money under the mattress, to use every penny for schools, health centers, roads, bridges, airports, ports, hydroelectric plants, multipurpose … And if we needed liquidity we had (…)...
Posted On 24 Jan 2016
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`Seized properties for drugs must be sold´

The Government raises legal reforms regarding the management of forfeited property derived from drug trafficking, this task should be assumed by the Drug Technical Secretariat. Tomorrow this agency will begin its legal existence replacing the National Council for Control of...
Posted On 24 Jan 2016
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Fundamedios: Censuracom.ec will gather abuses against the press

The defense of freedom of expression is the watchword. The Andean Foundation for the Study and Observation of the Media (Fundamedios) presented yesterday in Quito the Censuracom.ec website. The executive director of the Foundation, Cesar Ricaurte, said that through the new...
Posted On 24 Jan 2016
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Chevron: another contingent for public finances

The Court of The Hague ruled against the country, which would be a multimillion-dollar fine for the Chevron case and would be added to the contingent that was activated in the case of the Occidental oil company, another unfavorable court decusion for Ecuador and which involves a...
Posted On 24 Jan 2016
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Three officials of the Justice Ministry were arrested

Minister of Justice Ledy Zuniga and Army Chief Miguel Pazmino, director of the Penitentiary Intelligence Unit, gave the news. Three officials of the ministry were demanding money to prison guards to clear disciplinary and administrative proceedings against them from their...
Posted On 24 Jan 2016
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Interpol captures a Venezuelan citizen in Madrid

The Central Court of Instruction No. 3 of Madrid has filed the extradition of the Venezuelan citizen Pedro Emilio Silva Conde, who has a pending trial for alleged money laundering in Ecuador. Interpol agents arrested him at the Barajas airport (Madrid) on December 28th. A report...
Posted On 24 Jan 2016
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Unemployment rose in 2015

2015 ended with a rise in unemployment. The figures confirm this: an unemployment rate of 4.77% vs. 3.80% in December 2014. According to a survey disclosed by the National Institute of Statistics and Census (INEC), unemployment rose from 273,414 to 357,892 in a year. Within this...
Posted On 24 Jan 2016
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