off

Mauricio Macri will not come to Ecuador for the CELAC summit

President of Argentina Mauricio Macri suspended his attendance to the CELAC summit, that will be held on January 27, in Quito, due to an injury and the “physical effort” during his trip to Davos, reported on Sunday the Presidency. Vice president Gabriela Michetti will...
Posted On 25 Jan 2016
, By

Rene Ortiz: “The government turned its back to reality”

  In an interview with Daily Expreso, the oil analyst and former OPEC secretary questions the contracts with oil companies and says that low prices are here to stay. He explains that it is not convenient at all for Ecuador to stop oil production until prices rise. He...
Posted On 25 Jan 2016
, By

Affected parties of the Terrabienes case, waiting for a solution after a year of crisis

  For a year now, about 1,100 customers of the Terrabienes real estate company struggle between sit-ins and judicial proceedings with the hope of recovering the investment they made to their buy their own home. Since February 2015, the Terrabienes company, promoter of the...
Posted On 25 Jan 2016
, By

The dilemma of a very cheap oil

  “Why Ecuador continues to produce oil if it is more expensive than what it sells? Because it has no choice. It has to keep producing to pay debts.” This is the scenario summarized by former secretary of OPEC (Organization of Petroleum Exporting Countries) Rene...
Posted On 25 Jan 2016
, By
off

Disaffiliated of Alianza Pais plan to form new movements

  Those disaffiliated from Alianza País (AP) in Cotopaxi, raised the formation of a new movement for the upcoming provincial elections. Among the leaders would be Walter Calderon, Patricio Cordoba, Abelardo Tucumbi, Marielena Tobar and Rodrigo Espin. The meetings will begin...
Posted On 25 Jan 2016
, By

The IMF projects that Argentina, Venezuela, Brazil and Ecuador close 2016 into recession

  The International Monetary Fund (IMF) forecasts that Argentina, Venezuela and Ecuador will join Brazil and also close 2016 into recession, and dragging the region to its second straight year of negative growth, estimated at -0.3%. In the updating of forecasts within its...
Posted On 25 Jan 2016
, By
off

Expectation of State suppliers for payments

  Juan Cotumba has lived for over 30 years in the Quijos-Huaico sector, in the Napo Province. Most of the time he has been devoted to agriculture and masonry tasks. However, in 2012 he was hired by the Astec company, in charge of supervising the Quijos Hydroelectric Project....
Posted On 25 Jan 2016
, By

The port competition has been strong with Posorja

  The Ministry of Transport and Public Works resorted to a Dutch company to promote, in the world, investments in what would be the Deepwater Port of Posorja. This will be done on the basis presented by the DP World (DPW) company -the first interested and initially...
Posted On 25 Jan 2016
, By
off

Mexico seizes drugs in bags that came from Ecuador

 Mexican authorities seized 1,920 bags of 25 kilos each, which contained sand mixed with cocaine in two containers coming from Ecuador, which were bound for Spain, reported the Customs Service and the Navy of Mexico. The seizure of the cargo occurred in the Manzanillo Port, when...
Posted On 25 Jan 2016
, By

Unemployed sectors in the province of Orellana, a former oil zone

 Newscasts start their midday broadcast talking about the barrel of Ecuadorian crude traded in the international market at just over $ 21. It’s Wednesday and the few customers in a restaurant in downtown stop eating and set their sights on the large TV. The faces of...
Posted On 25 Jan 2016
, By
12