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The Government will spend more on fuels in 2019

Ecuadortimes: In 2019, the government must prepare its “wallet” to spend more on fuel imports. According to proforma 2019, which was presented to the Assembly last Wednesday for discussion and approval, next year 4.841 million dollars will be spent on fuel and gas...
Posted On 05 Nov 2018
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Banking transactions in stores add up to millions in Ecuador

Ecuadortimes: It was the last Sunday in October, around noon, Jaime Loor arrived at the Daviana minimarket, on the main road of Sauces 3, to buy several products from his neighbor César León, who has also been his ‘banker’ for two years. The trust between the two is...
Posted On 05 Nov 2018
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The concessions will bring $ 1,000 million in 2019

Ecuadortimes: The operations will take place in the road, energy and real estate fields. The Inter-American Development Bank (IDB) accompanies the analysis of monetization of State assets. The budgetary pro forma 2019 contemplates a new item of income that was not included in the...
Posted On 05 Nov 2018
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The bank must return money for undue charges, with interest

Ecuadornews: The problem of undue collections through the institutions of the financial system came to the Board of Monetary and Financial Policy and Regulation. In a press release, released on, October 30, 2018, the agency reported that since October 26, 2018 passed Resolution...
Posted On 31 Oct 2018
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The Plenary dragged Michelena

Ecuadornews: They were three days of evasive and unanswered questions. Seven government authorities, including three state ministers, the attorney general, the police commander and those responsible for intelligence and security services ECU 911, appeared before the Assembly to...
Posted On 31 Oct 2018
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Study determined that Ecuador does not save

Ecuadornews: The 2016 ‘Save to develop’ report of the Inter-American Development Bank (IDB) concluded that Latin America saves little and badly, barely 18% of the region’s Gross Domestic Product (GDP). For Natalia Garzón, executive director of foundation...
Posted On 31 Oct 2018
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More than 80 officials prepare the 2019 proforma

Ecuadornews: A lot of coffee, 16 hours of daily work and even weekends. This is how the budgetary proforma of 2019 is finalized, according to officials from the Ministry of Economy and Finance (MEF), which will be sent to the Assembly between today and tomorrow for discussion and...
Posted On 31 Oct 2018
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Cocoa, the main figure of the Amazon

Ecuadornews: The populations of the Amazon were already great lovers of cocoa 5,300 years ago, fourteen centuries before what was supposed until now, according to evidences discovered in an archaeological site in southern Ecuador. Of more than 220 samples of ceramics analyzed,...
Posted On 31 Oct 2018
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Juana Vallejo: “We are going to create shelters to detoxify and reinsert the addicts”

Ecuadornews: The governor, who has been in office for just over two months, receives newspaper EXPRESO in her office, after presenting the contingency plan for this holiday. Inside, she talks about the projects carried out and the long road that, she assures, she must travel...
Posted On 31 Oct 2018
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Ports: the Navy wants to return to its role

Ecuadornews: The waves are shaken in the maritime and port administrations of the country: the Navy has convinced, by word of mouth, the President of the Republic, Lenin Moreno, to take the helm again. The ports are under the administration of the Ministry of Transport and Public...
Posted On 31 Oct 2018
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