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Tomislav Topic is investigated for possible influence peddling

Ecuadornews: The telecommunications entrepreneur, Tomislav Topic, is investigated by the Prosecutor’s Office. Now the entity tracks a possible influence peddling during the bidding processes of two contracts signed between Telconet, in which Topic is a shareholder, and the...
Posted On 14 Sep 2018
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Interest rates will be revised

Ecuadornews: The interest rates of the national financial system are again under analysis by the Monetary and Financial Board, the highest regulatory body in the sector. The Board has among its functions the establishment of maximum ceilings on interest rates in the country. The...
Posted On 14 Sep 2018
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President Lenin Moreno visited a textile factory in the north of Quito

Ecuadornews: President Lenin Moreno visited the facilities of the textile factory La Esperanza, in the north of Quito. During the visit, the Head of State highlighted the importance of entrepreneurship for the development of the country and the creation of decent jobs. La...
Posted On 14 Sep 2018
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The Office of the Prosecutor investigates three denunciations for tithes

Ecuadornews: The Office of the Prosecutor will have to obtain the evidence of the collection of tithes from the assembly members to their assistants and advisers. The head of the Prosecutor’s Office, Paúl Pérez Reina, announced that the investigations have been opened...
Posted On 14 Sep 2018
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Twelve countries draw conclusions in Guayaquil on fisheries crimes

Ecuadornews: Exchange experiences in the fight against fisheries crimes, integrate anti-corruption measures, encourage good governance measures and work on prevention with transparency. These were some of the observations made by Kristian Hölge, representative of the United...
Posted On 13 Sep 2018
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Assembly will ask for the emergency for agriculture

Ecuadornews: The Food Sovereignty Commission of the National Assembly received this Wednesday, September 12, agricultural representatives of several provinces of the country to know the factors that are producing the crisis in the agricultural sector. During the meeting,...
Posted On 13 Sep 2018
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Intermediary pleads guilty in Petroecuador case in Florida

Ecuadornews: The case of bribes in Petroecuador continues to advance in the court of the southern district of Florida. Now, financial adviser Jose Larrea, a US citizen, pleaded guilty to the crime of conspiracy to launder money, according to a statement from the US Department of...
Posted On 13 Sep 2018
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Flopec raised a solution for 67 former workers

Ecuadornews: The company will rehire the separated personnel a year ago to operate 5 new vessels, but there are conditions. The Assembly discussed the situation. The 67 former employees of the Public Company Fleet Petrolera Ecuatoriana (Flopec), disengaged in May 2017 and...
Posted On 13 Sep 2018
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CyberMonday, a weapon to overcome the current crisis

Ecuadornews: It is estimated that this year virtual sales in Ecuador will be about $ 1,000 million, 30% is driven by CyberMonday. But to see the growth is enough to know that in 2012 online sales were $ 400 million, according to the president of the Ecuadorian Chamber of...
Posted On 13 Sep 2018
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Two options for Ecuador to impugn arbitral award

Ecuadornews: The interpretation and nullity are the two remedies that the Ecuadorian State will use in its attempt to annul the arbitration ruling of the Court of The Hague issued on August 30, and for which Ecuador would pay an unquantified compensation to Chevron. The strategy...
Posted On 13 Sep 2018
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