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Assembly approves VAT hike and compulsory taxes for earthquake victims assistance

  Ecuador’s National Assembly today approved the Solidarity and Co-responsability Law, promoted by the Government to tackle the emergency following the 7.8M earthquake that devastated the northern coast of the country last April 16. After six hours of debate, the...
Posted On 13 May 2016
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Ecuador Foreign Ministry notifies the suspension of Manuela Picq´s visa application

  On May 5th the Foreign Ministry reported to Carlos Perez Guartambel and Manuela Picq Lavinas the suspension of her visa application due to several observations lodged by the Immigration Unit. The couple has maintained a critical position towards the government of Rafael...
Posted On 13 May 2016
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Tuna vessels reduced their catches in a 11.47% in the first quarter of this year

  The statistics of the Inter-American Tropical Tuna Commission (IATTC) show that from January 1 to April 3 Ecuador stopped receiving 9,457 metric tons of yellowfin, skipjack, bigeye and bonito tuna varieties. Despite the setback, Ecuador is the king of tuna in the Eastern...
Posted On 13 May 2016
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The EXA space agency also had its ‘offshore’

  November 2007 was a hectic month for the nascent Ecuadorian Civilian Space Agency (EXA). The agency was created with the support of the Government, after months of hard work. Its architect was astronaut Ronnie Nader, now director of operations, who worked on the project...
Posted On 13 May 2016
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“Opening hours will not be extended” said Ministry of Tourism

  The Ministry of Tourism reported yesterday about a “mistake” of interpretation by this Ministry regarding the extension of the opening hours in entertainment centers. Yet the tourism sector, which applauded the measure that would help to regain sales and employment,...
Posted On 13 May 2016
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‘Ecuador here I am,’ the great benefit show that echoed from Miami

  “We want that all this reaches the most affected areas, not only 100% of what tonight will be raised (Wednesday), but also our good energy and our good feelings,” said the Venezuelan host Daniel Sarcos after announcing the artists who took part in the...
Posted On 13 May 2016
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Army commander asks Patino to convene a council meeting of the ISSFA

  Army Commander General Luis Castro Ayala has “insisted” Defense Minister Ricardo Patino, as Chairman of the Board of the Institute of Social Security of the Armed Forces, to convene an “urgent extraordinary session of the Council of the ISSFA, in order to...
Posted On 13 May 2016
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40% slump in Banks revenues

  The first quarter ended with an upward trend in deposits, but April came and made the difference: savings fell down and consolidated net income did too: they were compressed by 40% in relation with the end of the same month last year. But there is more: delinquencies are...
Posted On 13 May 2016
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Ciber attacked: Journalists and politicians want to bring the ‘Ecuador case’ abroad

  Bringing the “Ecuador case” to human rights organizations abroad, is the aim of journalists and politicians whose digital platforms of opinion and news received alleged ‘cyber attacks’ in recent days, or the government of Ecuador sued them claiming...
Posted On 13 May 2016
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There will be no drawbacks if resources are not confirmed

  The export sector, which remains a reliable source of resources for the economy, is also going through tight times. This year shrimp, bananas, cocoa and flowers revenues have fallen, with respect to its performance in 2014 (see note below). Therefore, it is important for...
Posted On 13 May 2016
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