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Tax hike on special consumption products would cause an increase of smuggling, a businessman warns

  To the questionings made to the Special Consumption Tax bill for cigarettes and alcoholic and sugary drinks, announced last week by President Rafael Correa, is added that of businessman Christian Wahli, for whom the measure would only cause a drop in products sales and the...
Posted On 28 Mar 2016
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The state seizes barges and obtains compensation in trial

  Barges Victoria II, of power generation, and Sky III, a fuel supplier, owned by the Intervisatrade SA company, are intervened by the state since December 24, 2014, by court order. This private company had from August 20, 2004 a concession for 25 years for the generation and...
Posted On 28 Mar 2016
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Argentine tourists killed in Montañita would had been drugged

  Maria Jose Coni and Marina Menegazzo, the two Argentine tourists killed in late February in Montanita, Santa Elena, would have been drugged with scopolamine, quoted last Friday in its website daily Clarin, of Buenos Aires, Argentina. This media pointed out that the...
Posted On 28 Mar 2016
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The crisis and the traffic lights hit dairy products

Nutritional traffic lights that alert the content of sugar, fat and salt in foodstuffs led consumers to find more ‘light’ and healthy products. One of the segments affected by the decision of consumers is milk and its derivatives, which last year recorded a drop in...
Posted On 28 Mar 2016
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New rules for insurance investments in the public sector

  According to a new resolution of the Board of Monetary and Financial Regulation, insurance companies must invest their technical reserves and “at least the sixty percent (60%) of paid capital and legal reserve, in financial instruments, stock market and other...
Posted On 28 Mar 2016
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Fander Falconi tweets that that the rich marry each other and generate social inequality

Former Foreign Minister Fander Falconi has tweeted that “another cause that generates social inequality” is that “the rich marry each other and do not distribute wealth.” Falconi, who is a professor at the Latin American Social Sciences Institute, has...
Posted On 28 Mar 2016
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Agents investigated by transfers network belonged to the Intelligence unit

  Intelligence agents had to identify the police officers who were seeking a transfer to another city. For this reason, a group of seven agents who were responsible for investigating the working environment and the problems of the police personnel was set. Thus, they met the...
Posted On 28 Mar 2016
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$ 271 million for barely 4 years of Coordinator Ministries

  The Ecuadorian government until Rafael Correa took office, had 16 ministries and the Secretariat of Administration used to coordinate the work these agencies did. When Correa took office, one of the first things he did was to create the coordinating ministries that,...
Posted On 28 Mar 2016
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The entry of Chinese citizens to Ecuador for business outgrows tourism

  18,222 Chinese citizens arrived to Ecuador during 2015, the double of those who arrived in 2011 and totaled 9,291. But when compared with 2014 entries, the growth was 4.46%, a percentage of low growth taking in mind that between 2011 and 2012 it increased by 32%. This...
Posted On 28 Mar 2016
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The tax burden weighs on 700 companies

  They are about 228,000 companies registered in the IRS, which turn on their machines every year. They provide employment, they produce, they generate sales revenues and at the end of the year, if they obtained profits, they distribute them among workers. But not only their...
Posted On 28 Mar 2016
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