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Glas does not return to Quito, he stays in Latacunga

Ecuadornews: Former Vice President Jorge Glas is serving his sentence of 6 years for unlaw fulassociation – in relation to the construction company Odebrecht – and his case obtained this December 6, a new resolution issued by the Court of Cotopaxi: to remain in the...
Posted On 07 Dec 2018
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Discounts made to IESS employees went to PAIS

Ecuadornews: Ad raft report from the Comptroller’s Office to the Ecuadorian Social Security Institute (IESS) determined discounts of $ 378,932.27 to 533 workers of that entity. According to the document, PAIS received $ 135,303.40. The rest was allocated to the Citizen...
Posted On 07 Dec 2018
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Lenin Moreno is in favor of hiring an oil insurance

Ecuadornews: President Lenin Moreno agreed to contract oil insurance to guarantee the price of oil,since “living with the uncertainty of price fluctuations is not convenient”. The subject is being analyzed by finance ministers, Richard Martinez, and Hydrocarbons,...
Posted On 07 Dec 2018
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A credit boom in the country’s cooperatives

Ecuadornews: Few requirements and fast disbursement. Those were two of the reasons why Andrés C.decided to apply for a credit in a cooperative to buy a motorcycle. They lent him $ 5,000 with a guarantee of $ 200 and in a week. The facility to give credits is one of the reasons...
Posted On 07 Dec 2018
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IDB approved $ 300 million guarantee for Ecuador

Ecuadornews: For the first time, the Inter-American Development Bank (IDB) approved a $ 300million guarantee that will allow Ecuador to issue the first sovereign social bond in Latin America and the Caribbean. The program will finance the construction of social housing under the...
Posted On 07 Dec 2018
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Quito grows at an accelerated pace

Ecuadornews: The500 years are approaching. Yesterday, the capital commemorated its 484 years of Spanish foundation among traditions, festivals and customs. As usual, Quito regains its shine and puts on its best face for the December celebrations. Of course, it was not all dancing...
Posted On 07 Dec 2018
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Commission seeks solution for 23 thousand harmed by closure of cooperatives

Ecuadornerws: In the framework of the treatment of the reforms to the Monetary and Financial Organic Code, which proposes the liquidation of savings and credit cooperatives, the Economic Regime Commission seeks a solution for around 23 thousand victims, tow hom $ 145 million is...
Posted On 06 Dec 2018
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Assembly members propose revising the life pension

Ecuadornerws: The resignation of the Vice President of the Republic, María Alejandra Vicuña,reopens the discussion within the Assembly on whether she should continue to receive a salary for life for having held the position. She was in charge of the second magistracy for eleven...
Posted On 06 Dec 2018
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Cold currents that caused the low temperatures moved

Ecuadornerws: The entry of cold air masses from the South Pacific caused the low temperatures that have characterized the inter-Andean region in recent days. Javier Macas, technician of the National Institute of Meteorology and Hydrology (Inamhi), explained that the absence of...
Posted On 06 Dec 2018
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The beauty of Quito from its viewpoints

Ecuadornerws: At 2,850 meters above sea level (masl) and on the slopes of Rucu Pichincha, San Francisco de Quito nestles between mountains. Its geographical location not only makes it the second highest capital in the world, after La Paz – Bolivia,it is also a natural...
Posted On 06 Dec 2018
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