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The budget deficit for 2016 increased by $ 1,011 million

  The deficit of the General State Budget (PGE) grew by $ 1,011 million, despite the tax adjustments announced by the Government. The change is explained by the increased spending of the budget that went from $ 29,835,000 (initially approved by the Assembly last November) to $...
Posted On 25 Mar 2016
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Ecuador tied Paraguay 2-2 in the qualifying round of the Russia 2018 World Cup

  The Tricolor team drew 2-2 against Paraguay in the 5th date of the South American Qualifying round for the Russia 2018 World Cup. Ecuador’s goals were scored by Enner Valencia (minute 19), who reappeared after overcoming an injury that kept him sidelined since the Copa...
Posted On 25 Mar 2016
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Negative week for oil and cocoa

  On Monday, cocoa´s price closed at $ 3,072 and ended yesterday at $ 2,962 per ton at the New York market. In previous weeks, the value of the ton had reached a price of $ 3,250 and there was talk of a possible supply deficit for the fourth consecutive year, since the...
Posted On 25 Mar 2016
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Donald Trump tweets like Rafael Correa, according to US website

  The Politico US website claims that Donald Trump, presidential hopeful of the United States, uses the Twitter social network in the same way of Latin American political leaders such as Rafael Correa, Nicolas Maduro and Cristina Fernandez, this is explained in an article...
Posted On 25 Mar 2016
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Patino says that the Finance Ministry transferred $ 70 million to the ISSFA

  Defense Minister Ricardo Patino reported that this Thursday, March 24 the government will transfer $ 70 million to the Institute of Social Security of the Armed Forces (ISSFA). “There was an announcement of the ISSFA that unsecured and mortgage loans would be suspended...
Posted On 25 Mar 2016
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The new zonification for the Galapagos Islands in effect

The new zonification of protected areas of the Galapagos Islands is in effect. A ministerial agreement signed Wednesday by Environment Minister Daniel Ortega, establishes protection mechanisms of delimitation called Marine Sanctuary Darwin & Wolf. According to the document,...
Posted On 25 Mar 2016
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The father of the unemployed scholarship holder was a deputy minister

  Pablo Maldonado Moreno, a scholarship holder at the University of Colorado in Boulder, USA, who during the weekly address of March 18, broadcast from Limon Indanza, told President Rafael Correa he did not find a job since he returned, is the son of Jorge Maldonado Falconi,...
Posted On 25 Mar 2016
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The distiller industry records five tax increases since 2009

  The announcement of a new tax reform takes a week and the draft is yet unknown. One of the sectors involved, alcoholic beverages, presented its arguments to prevent that a tax increase reduces its sales. Liqueurs have had at least five major tax and customs adjustments in...
Posted On 25 Mar 2016
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