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65% of Ecuadorians believe that the country is going “bad,” according to a survey

65% of Ecuadorians believe the country is on the “wrong way,” according to a study released today by Cedatos, in which the other 26% feel that the nation is on “the right track.” According to the opinion poll carried out between December 19 and 27, in 15...
Posted On 03 Jan 2017
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18.6% of the expenditure goes to the payment of debts

The Government spent $ 33,247 million this year. Of that amount, 18.6% (6.207 billion dollars) were allocated to cancel part of the growing public debt. According to the Ministry of Finance, as of December 31, $ 4.566 million were paid for interests and debts contracted during...
Posted On 03 Jan 2017
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The trade agreement between Ecuador and the European Union enters into force

  The trade agreement signed between Ecuador and the European Union (EU), which will save Ecuadorean exporters millions of dollars in tariffs, came into force on Sunday after a hasty negotiation before the end of tax preferences. Ecuadorian authorities, who estimate a GDP growth...
Posted On 03 Jan 2017
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Correa warns that they might say that he or Glas received bribes from Odebrecht

  President Rafael Correa warned during his latest weekly address of 2016 that the information handled on the Odebrecht case could be used “politically and geopolitically” against him. “… tomorrow they say that it is Correa, that is Glas and until we...
Posted On 03 Jan 2017
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The 45-day election campaign starts today

The country is now entering the final stage of the electoral process, in which the future President and Vice-President of the Republic, the new composition of the National Assembly and representatives to the Andean Parliament will be defined. The New Year holidays were used by...
Posted On 03 Jan 2017
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The balance of the electronic money grew by $ 3 million in Ecuador in 2016

The balance of electronic money in the account of the Central Bank of Ecuador (BCE) rose by three million in 2016. This is a “very modest” figure and would show that this means of payment “does not generate the acceptance of citizens, despite the efforts made by...
Posted On 03 Jan 2017
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Failed requests for information and judgments filed in the National Assembly

Between 2013 and 2016, there was constant criticism by Assembly members of the opposition to the oversight processes instituted in the Assembly that resulted in failed requests for information and filed political trials. According to the website of the Assembly, legislators have...
Posted On 03 Jan 2017
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Two more people accused in the Petroecuador case

Citizens Carlos P. C. and Carlos P. D. were linked to the process for the crime of money laundering initiated by the Attorney General’s Office in the “Christmas” case. This was reported by the Attorney General’s Office on its website www.fiscalia.gob.ec...
Posted On 03 Jan 2017
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Veolia denounces Galileo Energy, a Petroecuador contractor, for fraud

Veolia Es Field Services filed a fraud complaint against Galileo Energy, a Petroecuador contractor, in October 2016. The state oil company contracted Veolia, a company recognized for the management of toxic waste that results from the refining of petroleum products. However, the...
Posted On 03 Jan 2017
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The candidates start their campaign activities

Eight presidential binomials have scheduled concentrations in 4 provinces as the official start of the electoral campaign in Ecuador. Paco Moncayo, of National Agreement for the Change, will officially begin his campaign activity at 08:00 with a press conference. He will attend...
Posted On 03 Jan 2017
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