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Customs has put the magnifying glass of the investigation into 45 cases of tradable international trade operations that demonstrate “unusual behavior”. As a result of this task the company Acería Xinlong S.A., which is located in the canton of Milagro, was raided....

Ecuadornews: A Chinese company was raided for alleged money laundering and trespassing. According to the government, the former Vice President Jorge Glas, his uncle Ricardo Rivera and the businessman Tomislav Topic would be involved in this case. The Asian business is also...

Ecuadornews: The National Government had to issue a new executive decree, 632, to clarify that the price of diesel for the automotive sector will be $ 1,037 a gallon. The decree indicates that the retail price at national service stations of diesel 2 and premium diesel “for...

Ecuadornews: From the Quito headquarters of the National Electoral Council, CNE, its authorities raffled the order in which the candidates will go to the Council for Citizen Participation and Social Control, CPCCS, on the ballot of the electoral process to be held on March 24,...

Ecuadornews: The company RPS Energy evaluated the work conceived in 2008, found surcharges and concluded that it did not meet the needs of Ecuador. According to the report, it was a mistake to build the early works without securing the financing.  On January 7, eleven years have...

Ecuadornews: The country meets this Wednesday January 9, 2019 19 years of being dollarized and still has pending tasks to strengthen this system. Ecuador officially adopted the dollar on January 9, 2000, in the midst of an inflationary spiral caused by an uncontrollable...

The results of the three international companies ICC-Tecnatom (Spain), RPS Energy Ltd. (United Kingdom) and ABSG Consulting Inc. (United States), which audited the five flagship projects of the Rafael Correa government, suggest that there were overprices, unjustified contracts...

Ecuadornews: According to the report of the National Institute of Statistics and Census (INEC), 2018 ended with an annual inflation of 0.27%. The publication circulated this Monday, January 7 shows a recovery against December 2017 when it stood at -0.20%. The monthly inflation of...

Ecuadornews: In mid-December, Ziu Molina arrived in Guayaquil, along with her two children aged 7 and 13, after traveling for more than five days on Colombian and Ecuadorian roads, fleeing the economic crisis facing her country. Yesterday, the Venezuelan immigrant was one of the...

Ecuadornews: Zacarías de la Rosa rents his motor-cultivators at $ 55 so that farmer colleagues from Samborondón can plow one block of land, a little less than one hectare (10,000 square meters) of land for rice planting. He says that for his three “tantrums” could...