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Ex-owners of Caminosca must pay 14.8 million to the Australian company Cardno

Ecuadornews:   Caminosca’s shares will return to its former shareholders and they will have to return USD 14.8 million plus interest to the Australian firm Cardno. They will also have to pay USD 4.5 million for legal fees. The resolution of the Court of Arbitration of...
Posted On 10 Nov 2017
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A Correist group warns about the ‘political misuse’ of control entities

Ecuadornews:   The call came up all of sudden. The of a press conference summoned by Gabriela Rivadeneira and other legislators arrived at the Legislature at 09:45. The PAIS Executive Secretary was joined by 21 legislators; the majority did not sign the support agreement...
Posted On 10 Nov 2017
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The Internal Revenue Service seeks more resources in the professional sector

Ecuadornews:   Freelance professionals, whose gross income exceeds USD 300 000 per year, will be obliged to maintain accounting records. With this provision, they will have to structure their income and expenses system, but they will also pay the advance of the income tax as...
Posted On 10 Nov 2017
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The Ministry of Agriculture and the banana sector define agreements

Ecuadornews:   the Zonal Government of Guayaquil was the scenario chosen for the first Banana Technical Board, led by the Minister of Agriculture and Livestock Rubén Flores, where a twelve-point roadmap was established to benefit the sector. Representatives of the producers...
Posted On 10 Nov 2017
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A fee of $ 0.10 for online purchases

Ecuadornews:   Deep concern. Importers have expressed their dissatisfaction with the $ 0.10 rate all imported goods shall pay for customs service and that will be in effect from Monday. The measure will come into effect from January 1, 2018, for postal traffic (Correos del...
Posted On 10 Nov 2017
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José Antonio Noritz: “The $ 41 million remain in Issfa and there will be no one who returns them”

Ecuadornews:   Vice Admiral José Noritz, former director of the Issfa, and one of the eight people held responsible for the alleged excess payment of $ 41 million, affirms that the money paid by the Ministry of Environment to the Issfa between 2010 and 2011 for the sale of...
Posted On 10 Nov 2017
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Prosecutor´s Office accused Jorge Glas and 12 other people involved in unlawful association

Ecuadornews:   In an extensive exhibition, Attorney General Carlos Baca Mancheno accused Vice President Jorge Glas, as well as other 12 people involved in the Odrebecht case, who illegally benefitted from 5 millionaire state contracts in Ecuador. In the second day of the...
Posted On 10 Nov 2017
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Baca labels Jorge Glas as the author of unlawful acts

Ecuadornews:   Jorge Glas, the Vice President of Ecuador without functions and prisoner in Prison No. 4 in Quito, was part of the Odebrecht scheme of bribes. It is one of the certainties the Prosecutor’s Office has. Attorney General Carlos Baca Mancheno assured it by...
Posted On 10 Nov 2017
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