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Alianza PAIS and the opposition request details of a $ 120 million transfer

  Assembly members of the ruling party and opposition parties want to know the destination of the tax revenues obtained by the Solidarity and Citizens Coresposanbility Act in force after the earthquake of April 16. This was requested after the press published that the...
Posted On 26 Jul 2016
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Exports: The achievement of the automotive industry in Ecuador

  The domestic automotive industry is not going through its best years. Restrictions, quotas and low demand narrowed the local market. Therefore, spare parts manufacturers looked abroad and begin to see results. Although supply is still limited, businessmen rely on a daily...
Posted On 26 Jul 2016
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Ecuador will investigate judges of the Chevron case

  Ecuador will investigate the judges in charge of a case brought by Chevron in 2006 and for which it had to pay $ 112 million to the US oil company, according to an international arbitration award, reported Monday the Attorney General´s office. The country “will start...
Posted On 26 Jul 2016
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Ecuadoreans compete in the design competition Latin America Speaks

  Andrea Hidalgo, Juleysi Ramirez, M. Paz Altamirano, M. Cecilia Andrade and Paola Pesantez are the five Ecuadorians representing Ecuador in the fashion design contest Latin America Speaks. They study fashion design at the University of Azuay and are in competition with 10...
Posted On 26 Jul 2016
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Minister Espinosa submitted exculpatory evidence before the Audit Commission

  The Audit Commission of the National Assembly received during the morning of July 25 the exculpatory evidence submitted by Minister of Education Augusto Espinosa by the impeachment process that was accepted for processing. Espinosa came to the Assembly at about 9:30. He...
Posted On 26 Jul 2016
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Extradition of Pedro Silva Conde for the SUCRE case is confirmed

  The Board of Ministers of the Ministry of Justice of Spain authorized the extradition of Pedro Silva Conde, indicted for money laundering and the illegal use of the Single System of Regional Compensation (Sucre), according to a statement of the Prosecutor´s office of the...
Posted On 26 Jul 2016
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Police officers needed to support the ISSPOL

  The different wage scales turn it ineffective. The base of young officers that sustains the retirees is reduced. These warnings appear in research published seven months ago by the Faculty of Economics of the Pontificia Universidad Catolica del Ecuador (PUCE). The study...
Posted On 26 Jul 2016
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More politicians join the citizens’ initiative Commitment for Transformation

  “This is for you, Ecuador!” That’s what Mae Montano of the Creo party said before signing the Commitment for Transformation, promoted by four civic organizations. She symbolically did this the morning of Monday July 25, 2016, because she already enrolled...
Posted On 26 Jul 2016
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Ecuador acquires debt for one billion dollars in bonds, at a 10,75% interest

  The Ministry of Finance announced today that Ecuador placed 1,000 billion dollars in sovereign bonds in international markets, an issuance that will finance the budget this year. The Ministry, in a statement, said that “the bonds were traded with a term expiring in March...
Posted On 26 Jul 2016
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Union of Persons Affected by Chevron withdrew the USD 96 million embargo

  The Union of Persons Affected by Chevron withdrew the embargo to prevent the Ecuadorian state from paying USD 96 million to the Chevron oil company, plus interest, as compensation. The aim of the injured parties was that the money would be given to them in compensation for...
Posted On 26 Jul 2016
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