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Petroamazonas to issue bonds to settle accounts with Schlumberger

Ecuadornews:   The public company Petroamazonas will issue bonds in the international market for $ 350 million as part of the payment plan agreed with the French company Schlumberger, whose total debt amounts to $ 850 million. Petroamazonas manager Alex Galárraga said...
Posted On 20 Oct 2017
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Chambers enlist a counter-proposal to avoid customs tariff

Ecuadornews:   The business sector will deliver next week a counterproposal to President Lenin Moreno in order to avoid the Customs Service Control Fee of $ 0.10 per unit of imported merchandise and the collection of mixed tariffs to 375 subheadings. President of the Chamber...
Posted On 20 Oct 2017
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Court rejected GLBTI groups’ demand against messages

Ecuadornews:   After a six-hour hearing and two-hour deliberation, the Quito Criminal Court of Justice did not accept the precautionary measures filed by GLBTI groups (Gays, Lesbians, Bisexuals, Transgender, and Intersexuals) against the Ecuadorian Episcopal Conference and...
Posted On 20 Oct 2017
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Ecuador and Colombia outline binational cabinet issues

Ecuadornews:   The situation of people living at the border, migrants, and refugees; the commercial and economic sphere; human mobility and the peace process will be the topics to be addressed by Ecuador and Colombia at the Binational Cabinet, on December 4 in Pereira,...
Posted On 20 Oct 2017
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25 agreements between Ecuador and Peru were fulfilled this year

Ecuadornews:   The governments of Ecuador and Peru review the cooperation commitments signed last year, in areas such as tourism, mining, connectivity, commerce, security, infrastructure, among others. The president of Ecuador Lenin Moreno traveled with 18 high-level...
Posted On 20 Oct 2017
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Shrimp is dragged by a massive bacteria attack

Ecuadornews:   “The outlook is disappointing in larval laboratories of Santa Elena, the main suppliers of nauplii and larvae. If this inconvenience continues, there will be a shortage of larvae in the future, hence less production of shrimp for export,” said the...
Posted On 20 Oct 2017
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The Mio.ec virtual store arises to avoid the outflow of capital

Ecuadornews:   Household items, technological goods, and footwear are among the products available in the new Mio.ec website. This idea emerged four years ago with the growth of online transactions in the country and to avoid the outflow of capital. For three years and with...
Posted On 20 Oct 2017
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The National Audit Office announces special examination to the Vice Presidency

Ecuadornews:   The National Audit Office arranged for a special examination of the administrative and financial operations of the Vice-Presidency Office between August 2 and October 4 of this year. During that period, Jorge Glas, who is in detention for investigations linked...
Posted On 20 Oct 2017
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Direct contracts, the ‘origin’ of corruption

Ecuadornews:   Different sides, a single demand: to reform the Organic Law of the Public Procurement System. The proposals submitted by the Assembly Absalón Campoverde (CREO), Mónica Alemán (PAIS) and María Mercedes Cuesta (Force EC) and approved by the Council on...
Posted On 20 Oct 2017
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Cawiya returned; Alianza PAIS trembles in fear

Ecuadornews:   Alicia Cawiya returned to the Legislature but no legislator from the Alianza PAIS ruling party was there to welcome her. Four years ago, in October 2013, the vice president of the Huaorani communities was contacted by the state and taken to plenary to support...
Posted On 20 Oct 2017
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