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Odebrecht won sentences in 79% of tax trials in Ecuador

Ecuadornews:   State’s winning streak suffered a setback with Odebrecht. After winning 75% of the lawsuits for alleged tax evasion, the Internal Revenue Service went on to lose 79% of the cases brought against the Brazilian multinational in courts of the country in the...
Posted On 13 Nov 2017
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The chambers submitted precautionary measures to avoid the collection of the customs fee

Ecuadornews:   Last Saturday, legal representatives of the Chambers of Industries, Commerce, and Construction of Guayaquil, filed a precautionary measure with the aim of suspending the effects of the entry into force of the Rate of Customs Control Service that would come...
Posted On 13 Nov 2017
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35% of Ecuadorians make purchases on the Internet

Ecuadornews:     Four out of ten Ecuadorians who buy over the Internet are between 26 and 33 years old; 60% have university studies, most have a medium socioeconomic level and women are the majority when buying. This is ratified by the Antecedents and Situation of...
Posted On 13 Nov 2017
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The slowed-down training of Special Development Zones

Ecuadornews:   The formation of the private Special Zones of Economic Development (ZEDE) has been slow, although talks began since 2010 and just one of them will be ready for 2019 in the port of Posorja. This week, the Ecuadorian American Chamber of Commerce of Guayaquil...
Posted On 13 Nov 2017
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Brief contracts, the taboo subject of the Labor Code

Ecuadornews:   A headache. The drafting of the Labor Code, once again, bumps into the same stone: the regulation of contracts for sectors that do not need daily staff for eight hours. The issue, said members of the Committee on Workers’ Rights and Social Security, is...
Posted On 13 Nov 2017
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Vehicles in Ecuador will cost up to USD 4 700 more

Ecuadornews:   The rate of customs control for imports, which becomes effective as of today (November 13, 2017), will also tax the vehicles and the spare parts to be assembled in Ecuador. The Association of Automotive Companies (Aeade) found that due to the rate, vehicles...
Posted On 13 Nov 2017
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Julian Assange would have met with the promoter of the independence of Catalonia

Ecuadornews:   The Australian activist Julian Assange, founder of Wikileaks, would have met on November 9 for four hours with Orio Soler, one of the promoters of the process for the independence of Catalonia (Spain). The meeting took place at the Ecuadorian embassy in...
Posted On 13 Nov 2017
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In 2018, 5.3% less will be spent than during 2017

Ecuadornews:   According to the Budget Proforma next year, the amounts of Public Works and Amortization of Public Debt will decrease. However, the salaries of the state workers will increase. The budget proforma of 2018 features a reduction of $ 1,965 million or 5.3% less...
Posted On 13 Nov 2017
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Four Mexican drug cartels are in Ecuador, report affirms

Ecuadornews:   The cartels of Mexico conquer the drug trafficking market worldwide. The shipment of substances like cocaine, heroin, methamphetamines and chemical precursors in 51 countries of the five continents, positions them as the pioneers in monopolizing the drug...
Posted On 13 Nov 2017
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Fediscos, the ‘Goliath’ of the Ecuadorian music industry disappears

Ecuadornews:   The iconic label will be demolished. Its owner rescues pieces from the recording studio to preserve the legacy. It was 1976, and in the nor murmurs nor sighs were listened in the Fediscos Studio. Julio Jaramillo’s voice flooded everything, even in that...
Posted On 13 Nov 2017
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