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Francisco Carrion: ‘The signing of a piece of paper does not mean end of the conflict’

  The former foreign minister analyzes and comments on the effects that could result in the signing of peace between the FARC and the Colombian government. “The international community should help. Ecuador has a very small economy,” he says. Analysts agree: the...
Posted On 26 Sep 2016
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The IESS contracts the first two credits in its entire history

  The Ecuadorian Institute of Social Security (IESS) got into debt in July 2016 for the first time since it adopted its name in 1970. This follows from the contracts records of the Ministry of Finance, which holds data on sovereign- guaranteed loans since 1968. Expert Manuel...
Posted On 26 Sep 2016
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Shipping for online purchases takes more than 7 days to get to country

  In the beginning payment systems were scarce; logistics used for the distribution of sales is now one of the challenges of the e-market. It is estimated that those who make purchases online must wait seven days or more to receive their product in the country. This issue was one...
Posted On 26 Sep 2016
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Groups are opposed to the port management

Seven years have passed since the Chinese company Hutchinson left the seaport of Manta in Feburary 2009. A concession it won in 2006 after proposing an investment of $ 522 million in 30 years. After the abandonment, which cost $ 34.9 million to the Asian firm, the Government has...
Posted On 26 Sep 2016
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Peru and Colombia build infrastructure to receive Ecuadorian buyers

  The typical expression dramatizes what happens in the border cities of Ipiales (Colombia) and Tumbes (Peru): sales have skyrocketed, it is possible to quickly make a business and get ‘juicy’ profits from purchases Ecuadorians do there, attracted by the advantage of...
Posted On 26 Sep 2016
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Almost $ 1 million returned by Overseas Remittance Tax on cards

The Internal Revenue Service (IRS) reported that in August and September several taxpayers have already received the return of improper charges for the foreign exchange outflow tax (ISD) on purchases abroad. $ 915,879.68 have been returned so far: $ 539,273.01 accounted for...
Posted On 26 Sep 2016
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‘Alba,’ the Ecuadorian, Mexican and Greek co-production received a special mention in San Sebastian

Ana Cristian Barragan, director of ‘Alba,’ learned through a message on her mobile phone about the special mention the Ecuadorian, Mexican and Greek coproduction received in the Horizontes Latinos section of the San Sebastian Festival. Pablo Aguirre, lead actor of the...
Posted On 26 Sep 2016
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Cristina Fernandez will be decorated by the National Assembly

  While Cristina Fernandez Kirchner was summoned to testify for alleged theft of funds for public works, the president of the National Assembly, Gabriela Rivadeneira, announced that later this month the former Argentina president would be awarded with the Manuela Saenz medal. On...
Posted On 26 Sep 2016
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An Ecuadorian woman sues Telesur for disclosing a work

Karen Hollihan, Guayaquil native who resides in Miami (United States), filed a lawsuit against Telesur, for stating in an interview that she was an agent of the Central Intelligence Agency (CIA) aimed at destabilizing the government of President Rafael Correa. The Infobae news...
Posted On 26 Sep 2016
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Biess investment returns have plummeted

Yields obtained by the Bank of the Ecuadorian Institute of Social Security (Biess) for its millionaire investments suffered a deterioration in April 2016 compared to April 2015. According to the latest report of the agency, issued in June but whose cut-off date is April 30,...
Posted On 26 Sep 2016
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