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The University of the Arts opens new buildings

Ecuadornews:     The building designed by Czech architect Karl Kohn is a benchmark of modernism in Ecuador. It maintains an imposing appearance despite the years of abandonment. A large central vault marks the wide space of the hall, which incorporated the first...
Posted On 11 Jul 2017
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“We need measures to prevent imports from being triggered”

Ecuadornews:     “Technically the country has entered a phase of expansion, that is to say, we have already passed the bump and started to grow,” explained Verónica Artola, manager of the Central Bank of Ecuador. In an interview, the economist deepened into...
Posted On 11 Jul 2017
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Odebrecht bribes could exceed $ 33.5 million, according to Baca

Ecuadornews:     Attorney General Carlos Baca Mancheno left open the door to the possibility that the global figure of bribes Odebrecht paid in Ecuador increases. According to the US Department of Justice, the Brazilian construction company paid $ 33.5 million in the...
Posted On 11 Jul 2017
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The lawyer of Glas Uncle leaves the case for lack of credibility from her client

Ecuadornews:     Ricardo Rivera, the uncle of Vice President Jorge Glas, investigated for alleged illicit association is no longer defended by Ivonne Núñez. Nuñez yesterday filed a letter at the Public Prosecutor’s Office to communicate a dispute with the...
Posted On 11 Jul 2017
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Ecuador and Peru live an ‘impasse’ after 19 years

Ecuadornews:     Since 1998, Ecuador and Peru had not had a single incident, after the signing of the peace with which ended the dispute over the border limits. However, 19 years later, the construction of a wall in Huaquillas bring the two countries into a diplomatic...
Posted On 11 Jul 2017
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The residence of Rafael Correa in Belgium is uncertain

Ecuadornews:     The residence where former President Rafael Correa will live in Belgium is uncertain. Although he owns an apartment in Ottignies-Lovain-La-Neuve, last Wednesday he hinted that he would not live there. In an interview with Ecuador TV, Correa reported...
Posted On 11 Jul 2017
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More local companies are hired to work in the ITT Block 43

Ecuadornews:     82.57% of Block 43-ITT operations are conducted by Ecuadorian companies. This data emerges from the last study conducted by the public company Petroamazonas and released on July 9. National companies are followed by mixed companies (domestic and...
Posted On 11 Jul 2017
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Petroecuador loses market shares in the sale of super gasoline

Ecuadornews:     Until 2015, Petroecuador hoarded a third of the fuel sales market shares for the automotive sector. As of June 2017, that share fell to 26.2%. The main factor that explains this evolution is the loss of market shares in the sale of super gasoline, due...
Posted On 11 Jul 2017
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The Ministry of Labor takes the first steps towards work revitalization

Ecuadornews:     Requests are heard little by little. The Ministry of Labor initiated initial reforms to approach the widely offered “labor revitalization.” Yesterday, six agreements were submitted. Labor Minister Raul Ledesma announced the changes but...
Posted On 11 Jul 2017
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Brazil imposes a new barrier to the entry of Ecuadorian shrimp

Ecuadornews:     The resumption of Ecuadorian shrimp exports to Brazil, after 18 years of a phytosanitary barrier due to the white spot plague in 1999, would be at risk due to a lawsuit filed in that country by the Brazilian Shrimp Breeders Association, that seeks to...
Posted On 11 Jul 2017
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