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Drilling starts in two smaller fields of Sucumbíos

Ecuadornews: Petroamazonas started drilling activities in the Drago and Parahuacu fields on Tuesday, October 30 and Thursday, November 1, in their order. Both fields, located in Sucumbíos, were tendered in the Round of Small Fields in which an investment of $ 696.1 million is...
Posted On 06 Nov 2018
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The IESS is ‘entangled’ with the credits it requested

Ecuadornews: The accounts of the Ecuadorian Social Security Institute (IESS) need an urgent review. The decisions of the previous government complicate the financial records of the entity and the Comptroller General of the State is aware. The obtaining of loans, promoted by the...
Posted On 06 Nov 2018
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The companies can now have several economic activities

Ecuadornews: Now, the owners of a chain of bakeries can also dedicate themselves to market ovens, for example, with their own company. This is established by the Organic Law for Optimization and Efficiency of Procedures, which is in force since the end of last month. Previously,...
Posted On 06 Nov 2018
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The IESS and derivatives raise spending on subsidies for the State

Ecuadornews: Petroamazonas started drilling activities in the Drago and Parahuacu fields on Tuesday, October 30 and Thursday, November 1, in their order. Both fields, located in Sucumbíos, were tendered in the Round of Small Fields in which an investment of $ 696.1 million is...
Posted On 06 Nov 2018
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Technification is one of the alternatives to the rice crisis

Ecuadornews: In St. Lucia there are seven drones that are used to fumigate rice plantations. Two are on the property of Heitel Lozano, in the San Pablo area, on the side of the Santa Lucia-Palestine highway, in Guayas. Neighboring farmers are already used to the sound of the...
Posted On 06 Nov 2018
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The holiday injected $ 58 million into the economy

Ecuadornews: With the festival Bandas de Pueblo closed the festivities in tribute to the 198 years of independence of Cuenca. The show, which filled the Plazoleta Artesanal, in the historic center of the city, had the participation of 11 bands from different cantons of the...
Posted On 06 Nov 2018
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Investment in the country of a defendant for international looting

Ecuadortimes: The reach of a corruption plot discovered in Andorra reaches Ecuador, which recently led to the judicial prosecution of 28 people, including former Chavista officials, businessmen and front men, accused of money laundering and bribery for contracts in the company...
Posted On 05 Nov 2018
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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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