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Ecuador will increase crude oil production after OPEC’s departure, announces Minister Carlos Pérez

Ecuador plans to raise its crude oil production from 548,000 to about 590,000 barrels per day (bpd) next year and increase state investment in the oil sector, following its decision to abandon OPEC due to fiscal problems, Energy Minister Carlos said Thursday Perez The small oil...
Posted On 04 Oct 2019
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Labor reform will validate 12-month commitment contracts

The fixed-term contract, which is part of the labor reform, has similar characteristics to the fixed-term contract that ceased to exist in 2016. It will last for up to 12 months and if the employer decides to renew it, it will become an indefinite contract, said Labor Minister...
Posted On 04 Oct 2019
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Transport leader, Jorge Calderón, was arrested for paralyzing the public service

Leaders of the transportation sector were arrested this Friday, October 4. Jorge Calderón, president of the Taxi Federation, Messías Vicuña, Secretary of the Professional Drivers Association of Azuay; and, Manolo Solís, president of the Cuenca Chamber of Transportation were...
Posted On 04 Oct 2019
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Lenín Moreno declared that the state of emergency has been effective in controlling acts of violence in Ecuador

President Lenin Moreno informed from Guayaquil, on the night of this Thursday, October 3, that the outbreaks of violence caused by the stoppage of carriers have been controlled almost entirely. The Head of State thanked the work of the Armed Forces and the National Police to...
Posted On 04 Oct 2019
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29 financial institutions offer virtual wallet services

The Mobile Wallet (BIMO) begins operations with 13 banks, 15 cooperatives and a mutualist, as of Thursday, October 3, 2019. The service is aimed at making low value payments such as taxi races, shopping in a store or consumption at a gas station or restaurant. In general manager...
Posted On 04 Oct 2019
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The Government suspends classes throughout the national territory

Through an official statement, the General Secretariat of Communication of the Presidency (Secom) announced that classes on Thursday, October 3 are suspended throughout the national territory. The decision is taken before the stoppages announced by transport unions, who reject...
Posted On 04 Oct 2019
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Ecuador’s Government Buildings are protected by National Police and Armed Forces personnel actively

The Plaza Grande, in the Historic Center of Quito, is surrounded by personnel from the National Police and the Armed Forces. A march led by university students advances along Guayaquil Street. From 10:00 on this Thursday, October 3, 2019, the ministers that make up the...
Posted On 04 Oct 2019
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Lenín Moreno decrees state of exception in Ecuador and ratifies economic measures

President Lenín Moreno decreed this noon the state of emergency in Ecuador to allow free mobility of citizens before protests generated by carriers. With this decision, the government can take the military to the streets to avoid excesses. Moreno reiterated that there is openness...
Posted On 03 Oct 2019
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Saudi Arabia minimizes the consequences of Ecuador’s withdrawal from OPEC

The withdrawal of Ecuador from the Organization of Petroleum Exporting Countries (OPEC) will not significantly affect the work of the organization, since the contribution of this Latin American nation is minimal, said on Tuesday, October 2, 2019 the Minister of Energy of Saudi...
Posted On 03 Oct 2019
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The Mexican airline Interjet opens a new route between Mexico and Ecuador

The Mexican airline Interjet inaugurated on Tuesday October 1, 2019 a new route between Mexico and Ecuador that will currently have seven weekly frequencies, the Ecuadorian Foreign Ministry said in a statement. The Mexican airline made its inaugural flight on the Mexico City...
Posted On 03 Oct 2019
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