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Ecuador sends an undersecretary to OAS meeting to reject a meeting of Foreign Ministers on Venezuela

Ecuadornews:     The undersecretary of international organizations of Ecuador Maria Carola Íñiguez joined Bolivia and Nicaragua in rejecting the convocation of a meeting of foreign ministers today at the OAS on Venezuela and considered that “dark times” are...
Posted On 01 Jun 2017
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Dynamic will compete in the local market with low prices

Dynamic International Airways plans to inaugurate its operations in the Guayaquil airport with a charter flight that will land today at 15:00. The North American airline, still waiting for a permit to fly frequent routes, intends to compete with cheaper prices in the market. The...
Posted On 01 Jun 2017
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$ 288 million in remittances left the country

The largest amount of remittances sent by foreigners living in Ecuador is mainly directed to Colombia, Peru, China, Argentina, and Chile. According to figures from the Central Bank, USD 288 million were sent last year, compared to 278 million recorded in 2015. Transactions were...
Posted On 01 Jun 2017
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Car buyers shall pay a 150% guarantee

Buying a car is more difficult since April 28 due to the bank guarantees required. Two resolutions of the Monetary and Financial Policy Regulation Board, signed by the former Minister of Economic Policy Diego Martínez oblige the client and the importing companies to provide...
Posted On 01 Jun 2017
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Alert of the Supercom concerning the lyrics of reggaeton songs

Ecuadornews:   The Superintendence of Information and Communication (Supercom) warns of a “growing public discontent” against lyrics with high sexual content in reggaeton music spread in the media. Through an official statement, the control body warned the social...
Posted On 01 Jun 2017
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The Issfa talks about $ 440 million receivable

Ecuadornews:   The State owes $ 140 million to the Social Security Institute of the Armed Forces (Issfa), and the Ministry of Defense (as a trustee) $ 140 million, thus adding $ 440 million to its “accounts receivable.” The figures were published in the...
Posted On 01 Jun 2017
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12% VAT causes a price readjustment in Ecuador

Ecuadornews: A chain of appliance stores yesterday and offered to return the 2% VAT to its customers, anticipating the reduction that from now on applies to all goods and services that are taxed with this tribute. The validity of the one-year VAT hike ended yesterday, established...
Posted On 01 Jun 2017
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Assange fails to comply with asylum rules, analysts say

Ecuadornews:     The response of Wikileaks founder Julian Assange to the statements of President Lenin Moreno demand a direct call of attention from the Ecuadorian Foreign Ministry, which demands respect for the political will and the asylum granted by the country....
Posted On 01 Jun 2017
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Brazilian Justice keeps track of Odebrecht in Ecuador

Ecuadornews:     Odebrecht hints in Ecuador lead to the construction of the San Francisco hydroelectric plant. In 2016, the Brazilian Ministry of Justice requested the certified copies of 71,300 sheets of the trial for embezzlement, initiated in Ambato against the...
Posted On 01 Jun 2017
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Carlos Perez: “We learned that oil prices are not fixed”

Carlos Perez is the new Minister of Hydrocarbons and spoke with daily Expreso to explain how the contracts and conditions former President Rafael Correa left pending will be renegotiated. – What is the state’s debt to private companies? – The carrying amount is...
Posted On 01 Jun 2017
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