Insurance companies have lower profits, states consultant

Following the entry into force of the Monetary Code, in September 2014, insurance companies had to adjust to higher capital requirements and ensure more reserves. After 18 months they not only continue adapting to these changes, but they face a weakening economy and therefore...
Posted On 31 Mar 2016
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Remains of Marina and Maria Jose arrive today to Mendoza

Relatives of Maria Jose Coni and Marina Menegazzo picked up this morning the bodies of the young women from the Forensic Medical Center and took them to the Jose Joaquin de Olmedo Airport, of Guayaquil, to then repatriate them to Mendoza, Argentina. The entrance of the bodies to...
Posted On 31 Mar 2016
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The eternal debate on the Dhruv helicopters

  Another element in the investigation of the purchase of the Dhruv helicopters helicopters. This is the document sent to the International Relations Commission by Air Force (FAE) General Alonso Espinoza. This builds up to the long list of pages the case already has.  ...
Posted On 31 Mar 2016
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The exchange rate stamp has a “legal basis”

  The exchange stamp may be applied or not to balance the trade balance demotivating imports and promoting exports. The truth is that the government took a major step if it needs to apply it: it promulgated Executive Order (943), which empowers the Board of Monetary...
Posted On 31 Mar 2016
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Deadlines complicate the agreement with the EU

  The Ecuadorian Government and the European Parliament agree that the deadline for the signing of a trade agreement begins to fall short. Monday they will meet to find a solution. Juan Carlos Cassinelli, Assemblyman of Alianza PAIS, spoke with a group of MEPs last week....
Posted On 31 Mar 2016
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Prospects and new infrastructure are discussed in the port congress

  The International Congress ‘Latest Trends in the Regional Port System,’ to be held tomorrow, will analyze the situation of the sector at a time when Guayaquil discusses the need, or not, of new port infrastructure. The signing of the memorandum of understanding...
Posted On 31 Mar 2016
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Taxation Revenues fell by 13% in February

    Revenues from tax collection continues to fall. The Internal Revenue Service (IRS) released its February revenue figures, and a decrease of 13% is evident compared to the same month of 2015. In the second month of the year, revenues reached $ 2,134 million, when $...
Posted On 31 Mar 2016
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Equality Councils are not yet integrated

  On March 17 President Rafael Correa signed the Decree 967, through which Carlos Munoz, was appointed president, and Tamara Merizalde, alternate president of the National Council of Intergenerational Equality (CNII). Carlos Munoz, 27, is currently undergoing the...
Posted On 31 Mar 2016
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The government will launch bonds worth $ 1,000 million to the stock market

  The Ministry of Finance registered the issuance of bonds “up to 1,000 million dollars” at the Public Registry of the Securities Market, so these are bought by investors and thus attract liquidity These resources shall be paid within a horizon of 20 years, a...
Posted On 31 Mar 2016
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A complaint for vacation uncovered the transfers plot

  About 5,000 transfers would have been illegally processed within the police. 6,000,000 dollars were at stake. The investigation into the case of alleged organized crime already has 16,000 pages. How did it start? In January 2015, the prosecution received a report of an...
Posted On 31 Mar 2016
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