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National Court qualifies as “malicious” the Anticorruption complaint against the Pacific Refinery

  Judge of the National Court of Justice Marco Maldonado has shelved a complaint of the commissioners for an alleged overpricing in the assessment of a land of the Pacific Refinery and has described it as “malicious and reckless.” In addition to welcoming the...
Posted On 22 Jul 2016
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The Finance Ministry chases more liquidity on the stock exchanges

  Since the beginning of the year until July 19, the Ministry of Finance issued fresh papers for $ 1,813,000 in the Stock Exchange of Guayaquil (BVG) and the Stock Exchange of Quito (BVQ), for investment, in order to obtain the required liquidity. Its form of financing was...
Posted On 22 Jul 2016
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Journalist Gabriela Frias: ‘There is a clear contrast among recyclers in Ecuador’

Gabriela Frias, host of the Fuerza en Movimieto show, broadcast by CNN in Spanish, came to the country to learn how Ecuadorian businessmen explore recycling as a business turnaround, which according to figures from the UEES, translate into more than 3,000 companies in this field,...
Posted On 22 Jul 2016
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Ministry of Education notifies a dissolution

  The Ministry of Education initiated the dissolution process of the National Union of Educators (UNE) for the alleged breach of regulations for the operation of the Unified Information System of social and civic organizations. The notification of this decision was made by...
Posted On 22 Jul 2016
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Two agencies are investigating the reverse auction of medicines

  In the process of reverse auction of drugs, the Superintendency of Market Power Control (SCPM for its Spanish acronym) detected alleged irregularities in participating companies. It currently investigates alleged anti-competitive practices and does not rule out finding...
Posted On 22 Jul 2016
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Cedatos survey says that Guillermo Lasso could beat Rafael Correa

  CREO presidential candidate Guillermo Lasso leads the voting intention for the elections of 2017, according to a survey conducted by the Cedatos firm released yesterday. In the survey, Cedatos measured President Rafael Correa, although he may not be a candidate because a...
Posted On 22 Jul 2016
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Correa recognizes false accusation against the UEES and apologizes

  President Rafael Correa has acknowledged that it is not true that the Espiritu Santo University (UEES) leases its buildings to an offshore company based in Panama, as he asserted last Saturday during his weekly address, in which he accused that studies center of enriching...
Posted On 22 Jul 2016
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They request that the new ITT reserves are proven

  The government announcement on the alleged increase of proven oil reserves in the Ishpingo, Tambococha, and Tiputini blocks (ITT), also known as Block 43, located in the Yasuni National Park received technical, economic and ecological questionings. Last week, Vice...
Posted On 22 Jul 2016
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Military and police officers will not receive more than $ 2,013 for retirement pensions

  With the draft reforms to the social security of the Armed Forces and the National Police raised by the Government for debate at the Assembly, retirement pensions will not exceed the limit set in the general social insurance which is currently $ 2,013. “Those...
Posted On 22 Jul 2016
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Most Ecuadorians believe that the country is on the wrong track, according to Cedatos-Gallup

  Two out of three Ecuadorians believe that the country goes the wrong way and more than half disapprove the management of President Rafael Correa, who is in his last year in office, according to a survey released Thursday by Cedatos-Gallup. Ecuador faces an economic crisis...
Posted On 22 Jul 2016
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