Books, 33% more expensive than abroad

  Ecuador has not imposed taxes on the importation of books. Despite this, foreign books that are sold in the country are about 33% more expensive than abroad. Booksellers argue that the high cost of the books are one of the main reasons for the decline in sales suffered by...
Posted On 18 Feb 2016
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Foreign investment predominates in ports

  Domestic capital in ports is little if compared with other countries: the arrival of The Dubai company DP World, is just “a drop in the ocean.” The Simon Bolivar port (state) is operated by Contecon Guayaquil, a subsidiary of the ICTSI multinational company;...
Posted On 18 Feb 2016
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Labour flexibility is only a patch says businessman Pablo Arosemena

  Before the announcement of the government to include in the new labor reform the so-called legal figure ‘partial unemployment’ for companies in difficulty, the president of the Chamber of Commerce of Guayaquil, Pablo Arosemena, said this morning that this...
Posted On 18 Feb 2016
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Municipalities of the Country have become the Government´s petty cash box

  Mayor of Guayaquil Jaime Nebot reiterates that this is the third month municipal revenues have been wrongful retained by the central government. Therefore, the Government is a mere collector and is not entlited to appropriate the funds of the Autonomous Descentralizef...
Posted On 18 Feb 2016
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Two options to improve the situation of the ISSFA

  Ten pages summarize the current status of the Social Security of the Armed Forces. The report is called ‘Present and Future of the ISSFA’ and the conclusions recommend to increase from 20 to 25 years the minimum service time before retirement. The document was...
Posted On 18 Feb 2016
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Ana Gabriel presents “Por ti para siempre” in Ecuador

  Mexican singer-songwriter Ana Gabriel, is visiting Ecuador to offer two concerts in Guayaquil and Quito with the repertoire of her best songs.   Known as the Diva of America, she gave a press conference in which she said that on February 28 she will start her tour “Por ti...
Posted On 18 Feb 2016
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The prosecution tracks the money of the Ecuafutbol

The letters were sent on February 3rd. The recipients are the presidents of 21 professional associations of football in the country. The document (one page), signed by the Secretary of the Anti-Money Laundering Unit of the Attorney, places four orders. For example, it provides...
Posted On 18 Feb 2016
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Erika Torres: we must investigate if the ‘Phantom’ exists

  Erika Torres, member of the Regulatory Council of Communication (Cordicom), said that in order to investigate complaints about an alleged concentration of media in the country by foreign businessman Angel Gonzalez, it should be known first if he “really exists, where...
Posted On 18 Feb 2016
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The country lives off taxes, but these are not enough

The Treasury is practically living in the last months off taxes, but the government’s needs outweigh the revenues. Ecuador today collects more taxes than nine years ago and figures show this. In 2015 revenues from this sector totaled USD 15 588 million, equivalent to 16% of...
Posted On 18 Feb 2016
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Presidential elections will be held on February 19, 2017

  Elections to decide who will be the future president and vice-president, assembly members and Andean Parliamentarians will be held on Sunday February 19, 2017, with a budget of $ 131.5 million, according to the report on the Electoral Operational Plan (POE for its Spanish...
Posted On 18 Feb 2016
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