Former Glas´ adviser is accused of asking for bribes to distribute frequencies

The former adviser of vice-president Jorge Glas adviser and former councilor of the Cordicom, Marcos Parraga, is charged by the Public Ministry in a case of alleged corruption for asking kickbacks of $ 200,000, in exchange for the allocation of these frequencies. Prosecutor Hugo...
Posted On 10 Nov 2016
, By

Correa to production cameras: “As long as I´m President you will have to pay taxes.”

President Rafael Correa referred on his Twitter account to an opinion article of Daily El Comercio titled: “Even the profits of workers are taxes for the state!” Faced with this fact, the Head of State described as “political horseplay.” However, he...
Posted On 10 Nov 2016
, By
off

Sugar and dairy prices rise slightly in October

International food prices grew by 0.7 % in October due to increases in sugar and milk products, the United Nations Food and Agriculture Organization (FAO) announced on November 10, 2016. The FAO index – which measures the evolution of prices of the primary commodities...
Posted On 10 Nov 2016
, By
off

Attorney General´s Office opens investigation by evidence that was lost and was going to be submitted in the trial against three former officials of the FEF

The report consists of eight pages. It was endorsed by experts of the Department of Criminalistics of the Police. They transcribed the testimony of Eugenio Figueredo, former president of the South American Football Confederation (Conmebol), who is charged and tried in Uruguay for...
Posted On 10 Nov 2016
, By
off

Ecuador hopes to have relations based on mutual respect with Trump´s government

The Government of Ecuador, through the Foreign Ministry, congratulated the American people for holding Tuesday presidential, legislative and governor elections. In a statement, the Foreign Ministry noted that the Ecuadorian government hopes to maintain relations based on mutual...
Posted On 10 Nov 2016
, By
off

The Supervision Commission expects to receive Galo Chiriboga next week

The Supervision Commission of the Assembly learned about the resolution of the Legislative Council of Administration (CAL), which provides for the continuation of the investigation on the Panama Papers and defined the schedule of hearings to determine if Attorney General Galo...
Posted On 10 Nov 2016
, By
off

Petroecuador workers reject international oversight in case of corruption

  The Workers’ Committee of Petroecuador met yesterday in Guayaquil to convince the public that Petroecuador is “a reliable public company,” which should not be demonized by the bad behavior of its former officials. Last May, Alex Bravo, former manager of...
Posted On 10 Nov 2016
, By
off

Otto Icaza: “Mabe has a new partner to innovate.”

Mabe has a new partner and is preparing to make new investments, and innovations in technology and eco-friendly products, said Otto Icaza, CEO of Mabe.   What is the percentage of national components in the products manufactured in Ecuador? We produce induction and gas stoves....
Posted On 10 Nov 2016
, By
off

Alvaro Noboa gives up his presidential candidacy for the good of the country

“I have decided to abandon my presidential candidacy,” businessman Alvaro Noboa announced this afternoon at a press conference. Noboa proposed last Monday the union of the three presidential hopefuls to choose a single candidate of the opposition for the elections of...
Posted On 10 Nov 2016
, By