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Diversity and costs challenge cooperatives

Ecuadornews:     The credit unions are part of a system of financial inclusion and economic dynamization still unexploited in Ecuador. However, private and state actions are necessary to eliminate certain barriers that impede its growth. One of its main problems is not...
Posted On 10 Oct 2017
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Delltex investment reaches $ 6 million over 5 years

Ecuadornews:     The export of 32,000 meters of fabric for the production of 10,700 uniforms for the Colombian National Army and blankets for the hypermarkets of the Bolivian chain Ketal in La Paz are some of the businesses the local company Delltex has materialized...
Posted On 10 Oct 2017
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350 judges have been dismissed by the Judicil Council since 2013

Ecuadornews:     Irruptions in their offices or telephone calls with direct orders, or the filing of disciplinary proceedings against judges with arguments such as inexcusable error, manifest negligence, lack of motivation, among others. According to the dismissed...
Posted On 10 Oct 2017
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Rising imports boosts economic growth

Ecuadornews:     The economic recovery in the second quarter of the year is sustained by a substantial increase in imports of 13.2% compared to the same period in 2016, according to the Central Bank of Ecuador. Director of the National Customs Service of Ecuador (Senae)...
Posted On 10 Oct 2017
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Crude pre-sales will go to renegotiation

Ecuadornews:     They are “seriously concerned.” An upheaval in Petroecuador management model and issues such as investment in the Pacific Refinery, service contracting models and calculation formulas in oil pre-sales are questioned. Petroecuador hopes to...
Posted On 10 Oct 2017
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The stock market looks for more momentum

Ecuadornews:     The stock market also wants to become another of the engines of the economy. Among the 139 proposals the Tax Productive Advisory Council delivered to President Lenin Moreno, some measures were proposed to prop up the stock market. One mechanism will be...
Posted On 10 Oct 2017
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Prosecutors inquire whether Chinese firms paid bribes

Ecuadornews:     The Prosecutor’s Office traces the Asian companies that worked in projects in the strategic sectors. One of them is China International Water Electric (CWE), which has been operating in Ecuador since November 15, 2010. Since August 2017,...
Posted On 10 Oct 2017
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Gustavo Larrea: “I do not deny that we have talked about politics with Lenin Moreno”

Ecuadornews:     After several months of silence, he considers that this is the moment to talk about national politics again. Gustavo Larrea does not deny he has met with President Lenin Moreno, but he wants to clarify the scope of these talks. Excerpt from an interview...
Posted On 10 Oct 2017
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Moreno stressed the importance of alternation in office

Ecuadornews:     During his speech at the commemoration ceremony for the 197 years of independence of Guayaquil, President Lenin Moreno stressed the importance of alternation in the different positions of popular election in the country, a subject that is addressed in a...
Posted On 10 Oct 2017
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Odebrecht paid $ 2 million to the Capaco legal consortium for legal advice

Ecuadornews:     For six years, the Brazilian company Odebrecht paid $ 11.3 million to 76 Ecuadorian advisers to defend its interests. Of that amount, $ 9.6 million was given to 18 people, who received amounts over $ 100,000 for their experience and privileged...
Posted On 10 Oct 2017
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