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A mega-project fraught with costs, delays, and conflicts

Ecuadornews:     The Petroecuador project, which began in 2013 with construction and control contracts for about $ 400 million, will end up with a total cost of $ 553 million, according to forecasts. The  Pascuales-Cuenca poly duct project, in char...
Posted On 28 Aug 2017
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Ecuador seeks options while it negotiates the GSP

Ecuadornews:     Foreign Trade Minister Pablo Campana will travel to the United States in September to begin negotiations for the renewal of the Generalized System of Preferences (GSP). Washington represents a surplus of $ 1.5 billion per year of exports versus imports...
Posted On 28 Aug 2017
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Prison and $ 5.9 million in fines to Chinese ship caught in Galapagos

Ecuadornews:     The Multicompetent Judicial Unit of Puerto Baquerizo Moreno, Galapagos, sentenced the 20 crew members of a Chinese cargo ship, the Fu Yuan Yu Leng 999, to jail and to pay the penalty. Two weeks ago, the ship and its crew were captured for fishing...
Posted On 28 Aug 2017
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Five files for money laundering in Ecuador under process

Ecuadornews:     The existence of five files related to money laundering, which stems from the Odebrecht case investigation and the investigation for illicit association led by prosecutor Diana Salazar was highlighted in the letter sent to the Legislature on August 23,...
Posted On 28 Aug 2017
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Corruption has been the protagonist in the first 100 days of administration of President Lenin Moreno

Ecuadornews:     A beginning marked by ruptures and inquiries of corruption. Lenin Moreno celebrates his first quarter at the head of the Government with high levels of acceptance, but also under the public eye for the absence of clear-cut definitions. Although he has...
Posted On 28 Aug 2017
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