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A fair and a concert light up Guayaquil festivities

Ecuadornews:     The festive atmosphere for the 197 years of independence of Guayaquil is enlivened from today with the opening of a fair, in the Convention Center. The event will feature spaces to remember the history and traditions of the Main Port, of commerce and...
Posted On 06 Oct 2017
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Cooperatives drift towards electronic money

Ecuadornews:     The Association of Private Banks of Ecuador (Asobanca) hopes that the economic measures to be announced next week by President Lenin Moreno include the reform of the Monetary and Financial Code to materialize the transfer of electronic money to the...
Posted On 06 Oct 2017
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Tuna fishing in Ecuador grew by 18.3% in eight months

Ecuadornews:       Ecuadorian tuna catches in the Eastern Pacific Ocean reached 223,081 metric tons between January and August this year, representing an 18.3% growth over the 188,441 t obtained in the similar period of 2016. These figures were provided by the...
Posted On 06 Oct 2017
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There is no legal reform on issues of sexuality or educative books with explicit content in Ecuador

Ecuadornews:       The activity has intensified in social networks in recent days. Videos, photos, even audios on alleged sex education issues that would be included in schools in the country. In a statement, the Ministry of Education denied these rumors,...
Posted On 06 Oct 2017
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Ecuador’s annual inflation fell below zero

Ecuadornews:     Annual inflation in Ecuador was -0.03% last September. This is the first time since 1970 that this indicator measured by the National Institute of Statistics and Censuses (INEC) is negative. Food and non-alcoholic beverages, clothing, furniture and...
Posted On 06 Oct 2017
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“50% of the population is related to the informal economy.”

Ecuadornews:     Ecuador is one of the countries with the greatest regulatory burden in the region and one of the consequences is the increase in informal businesses. This was stated by Aldo Salinas, Ph.D. in Administration from the University of Padua in Italy. The...
Posted On 06 Oct 2017
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Sai Bank denies illicit operations with Odebrecht

Ecuadornews:     The South American International Bank (Sai Bank) said in a statement that it “does not maintain any relationship with Odebrecht or its subsidiaries.” An external audit carried out by the international company Ernst & Young to deposit...
Posted On 06 Oct 2017
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The top of bank secrecy

Ecuadornews:     In a corruption plot such as that of Odebrecht in Latin America, where the payment of almost 800 million dollars in bribes was triangulated through transfers with financial institutions and companies from different countries, bank secrecy becomes an...
Posted On 06 Oct 2017
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Odebrecht hid its bribes with subcontracts and nicknames

Ecuadornews:     The information provided by the United States in the Odebrecht case reveals two things. A sophisticated subcontracting scheme to get the money to be used to pay bribes, as well as the use of nicknames to hide the identity of the corrupt officials....
Posted On 06 Oct 2017
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Mossack Fonseca manager, imprisoned in Colombia

Ecuadornews:     Juan Esteban Arellano Rumazo, 43, is imprisoned in Colombia, he accused of building a financial and corporate network to sell false invoices to Colombian companies through offshore companies. Arellano was captured on Wednesday, October 4, along with Luz...
Posted On 06 Oct 2017
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