Ecuadorian businessmen are opposed to tax increases

The plenary of the Ecuadorian Business Committee (EEC) decided yesterday its stance before the National Assembly on the draft Organic Law for the Balance of Public Finances: “We do not agree with more taxes.” This was stated by Richard Martinez, president of the...
Posted On 05 Apr 2016
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The Government accelerates processes by agreement with the EU

Minister of Industry and Productivity Eduardo Egas, along with Economic Policy Minister Patricio Rivera, Foreign Trade Minister Diego Aulestia, Foreign Minister Guillaume Long, the manager of the ECB, Diego Martinez, and the vice president of the Economic Development Commission...
Posted On 05 Apr 2016
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Maimi Herald: Correa is losing his grip in Ecuador

BY GLENN GARVIN Ecuador’s Rafeal Correa may be ruining his country’s economy, strangling its news media and daring its military to depose him in a coup, but he certainly hasn’t lost his sense of humor — though a lot of people wish that he had. Last year, when a Panamanian...
Posted On 05 Apr 2016
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Indigenous leaders denounce to the IACHR that freedom of association is restricted in Ecuador

They returned to the Inter-American Commission on Human Rights (IACHR) in Washington, as representatives of civil society. The indigenous spoke of the right to free association; while a woman exposed the case of her missing son. Three indigenous leaders and their lawyers claim...
Posted On 05 Apr 2016
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Terrabienes transferred 7.9 million to firms abroad

The Ortega Group manages eight companies in Panama, according to the latest update of the 2014 Internal Revenue Service (IRS). Terrabienes belongs to this economic empire. Its executive manager Jorge Ortega, 60, is detained for massive fraud. On 4 March, the Eighth Court of...
Posted On 05 Apr 2016
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Chinese CWE contracting company sought consultancy in Switzerland via Mossack

The Swiss company YouSee AG first issued drafts of these documents to the Ecuadorian subsidiary of China International Water & Electric Corp. (CWE), which has public contracts in Ecuador for $ 621.36 million. Upon receiving the drafts, CWE adviser Roberto Silva Legarda asked...
Posted On 05 Apr 2016
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President Correa had lunch with Tweeter users that support his government

Monday Rafael Correa held a lunch with Tweeter users that support his citizen revolution project in the Carondelet Palace. Several photos even videos of this lunch and in the hashtag #TuiterosConRafael. President Correa can be seen singing and dancing extremely excited and happy...
Posted On 05 Apr 2016
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Javier Ponce is responsible for the purchase of the Dhruv helicopters, as he signed the contract, says legislator Salgado

The legislator Diego Salgado, of the Creo party, in an interview Ecuavisa pointed out former Defense Minister Javier Ponce, and current Ministry of Agriculture, as one of those responsible in the purchase of the seven Dhruv helicopters, four of them crashed, and in addition to...
Posted On 05 Apr 2016
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The electronic money should not be managed by the Central Bank

“The dominant lion eats the cubs of the pack.” Former vice president Alberto Dahik plotted in a simple way the mechanism proposed by the government for the use of electronic money, within the bill for the balance of Public Finances. As the scheme is laid down,...
Posted On 05 Apr 2016
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Ecuador´s Attorney General Galo Chiriboga, involved in the leakage of the #PanamaPapers

Madrigal Finance Corp., the company that owns the house where Ecuadorian Attorney General Galo Chiriboga lives is Panamanian and is included in the files of the law firm Mossack Fonseca which were revealed Sunday by the International Consortium of Investigative Journalists...
Posted On 05 Apr 2016
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