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CAMC subcontracted projects without permission, according to the Comptroller

  The State Comptroller visited the construction sites of the public hospitals “Monte Sinaí” and “Zofragua”, where they found irregularities. The constructions were in charge of the Chinese company CAMC Engineering. This project was assigned by the...
Posted On 09 Mar 2016
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The impulse of the oil pact is dissipating

  The price of oil was rising, reaching 38 dollars per oil barrel. This created an expectation to the public, however, the impulse began dissipating. The crude price set by Texas (WTI), which is the reference taken by Ecuador, closed in 36,50 dollars, which meant a loss of...
Posted On 09 Mar 2016
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Ecuadorian State debates SOLCA’s debt and the law that generates its resources

  The law that creates resources for the fight against cancer is not exclusive for SOLCA; but the State must transfer 22 million dollars and another 27 million are being audited. However, SOLCA is demanding the payment of 130 millios dollars to the State. These two aspects,...
Posted On 09 Mar 2016
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A time of deficit for public enterprises

  The non-financial public enterprises reported a deficit, during the year 2015, of 1.365 million dollars. That cypher is the highest registered since 2007, according to the balances of these organisations on the Ecuadorian Central Bank. In 2014, the difference between...
Posted On 09 Mar 2016
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SUPERCOM penalizes the Ecuadorian Daily, “EXPRESO”

  “A political article, written from the point of view of Ecuadorian minorities, is not always an intercultural content that contributes to the integration of the people. A news piece about corn and rice planting helps to strengthen the food patrimony” declared...
Posted On 09 Mar 2016
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BIESS will invest 380 million dollars less in loans

  The Ecuadorian Social Security Bank, BIESS (“Banco del Instituto Ecuatoriano de Seguridad Social” in Spanish”, will invest 380 million dollars less in loans to their affiliates in 2016. In total, the BIESS will grant 3 130 million dollars in loans this...
Posted On 09 Mar 2016
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Military asked ISSFA not to sell land from the Samanes sector

Yesterday, the military in passive service protested in Guayaquil because they feel that there is a weakening in the Armed Forces and its social security system (ISSFA).   Through a manifest, the provincial front agreed to support the current Military Command and the ISSDA...
Posted On 09 Mar 2016
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The Ecuadorian Treasury must seek another 1 900 million dollars

  In order to cover the State budget, the Ecuadorian Treasury must obtain 8 500 million dollars in total, that means, it is needed another 1 900 million dollars. “The financing of the economic program is around 8 500 million dollars (this year)”, said Fausto...
Posted On 09 Mar 2016
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Correa seeks to reform the COOTAD

“Everyone should share the weight of the difficult times” said Rafael Correa this Tuesday, and later announced that he was seeking to reform the COOTAD (“Código Orgánico de Organización Territorial, Autonomía y Descentralización” in Spanish) so the State...
Posted On 09 Mar 2016
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FMI warns about a global economic deflation

    The International Monetary Fund (FMI) is worried about the global economic scene and it is making adjustments to the growth projections this year. The number two of this organization, David Lipton, warned yesterday about the major risks and the possibility of a...
Posted On 09 Mar 2016
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