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$ 124.6 million more to conclude Toachi Pilatón

Ecuadornews: The Government will contract directly with the Russian company Tyazhmash. In the work, with problems since 2008, another $ 400 million have been invested.  Today, May 21, the estimated date for the award of the contract that the State will sign for the completion of...
Posted On 21 May 2019
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Ecuador has a deficit of 2,590 prison agents

Ecuadornews: Currently there are 1,510 guides for the control of 41 thousand prisoners in the 55 prisons in the country. The declaration of emergency will allow the recruitment of 500 new agents and start, through a training school, a process of recategorization, salary matching,...
Posted On 20 May 2019
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All investment enters the contract of entrepreneurship

Ecuadornews: This new figure was born in the National Labor and Salary Council (CNTS). The proposed reform of the labor code will pass to the Assembly for approval. The employment contract for entrepreneurship has divided the specialists. That proposal was approved on May 15 by...
Posted On 20 May 2019
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Biess will stop financing homes at 100%

Ecuadornews: Since April 24 this year, the Banco del Instituto Ecuatoriano de Seguridad Social (Biess) stopped financing 100% of the cost of social housing, now the maximum amount it will cover will be 85%. The resolution came into effect after the state bank reformed its credit...
Posted On 14 May 2019
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Petroecuador awarded the import of 2.7 million barrels of diesel to Trafigura

Ecuadornews: Petroecuador awarded the company Trafigura the import 2’750,000 barrels + 4% of premium diesel, reported Monday May 13, 2019 the state oil company, through a statement. The proposals were received and evaluated on Thursday, May 9, 2019. This import will supply...
Posted On 14 May 2019
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Commission will help identify ways to recover stolen money

Ecuadornews: The entity is composed of experts with extensive experience in corruption issues, including participating in the investigation of cases such as Odebrecht or “Chapo” Guzmán and the creation of anti-corruption agencies. RELATED NEWS Commissioners talk about...
Posted On 14 May 2019
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$ 25 million will cost the prison emergency

Ecuadornews: Overcrowding reaches 41% in the social rehabilitation centers of the country. In Latacunga there is no water and violence inside is increasing. Carmen (protected name) is worried. His son Miguel has been working for a year at the Regional Center for Social...
Posted On 14 May 2019
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Demand for personnel grew in four sectors of the labor market

Ecuadornews: Although in 2019 adequate or full employment fell 3.2% nationwide, four of the 15 labor market sectors report an increase in hiring. This is the case of oil and mining, financial services, mail and communications, and education and social services, which incorporated...
Posted On 14 May 2019
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Finance is ready to re-profile part of its debt in bonds

Ecuadornews: Ecuador will return in the coming months to international markets. But this time it will not be to get more money, but to re-profiling part of its bulky debt that has accumulated for the issuance of sovereign bonds in the last six years. The Ministry of Economy and...
Posted On 14 May 2019
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The country plans to increase cocoa cultivation to 720,000 hectares

Ecuadornews: The National Government presented the “Plan for the Competitive Improvement of Cocoa and Derivatives”. The National Secretary of Planning and Development, Juan Carlos Proaño, mentioned that thanks to this plan an improvement in productivity and in the...
Posted On 13 May 2019
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