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FARC Money Launderers Apprehended in Ecuador

In Ecuador at least eight people are involved in a money laundry network of 6 million Euros ($8.3 billions) that came from Spain and was sent to FARC to finance the terrorist group. The party responsible is held in Manta, Manabí, Janeth Fasce Shumaker, manager of the bank...
Posted On 07 Oct 2010
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Judge Froze $2´8 Millions of Guayas Provincial Council

Vicente Leon Castro, temporal Judge V of Work ordered this last Friday the retention of $2´800,000 of the Consejo Provincial del Guayas. During the trial the judge issued the payment to 1.300 former employees of the Council, who were fired ill timed. Prefect Jimmy Jairala gave...
Posted On 05 Oct 2010
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Germany Studies Yasuni Proposal

Quito, Ecuador After the study made by Germany on the practicability of the Yasuni-ITT proposal, its been a over a year of analysis regarding their participation on the project. The Ecuadorian Commission in charge of the project has sent a 10-page document. “They are going to...
Posted On 05 Oct 2010
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Ecuador Wants to Keep Germany’s Support for Yasuní Project

NEW YORK, EE.UU. Ecuadorian Vice President Lenin Moreno talks about Yasuní. Government expects to keep Germany’s support for the environmental initiative Yasuní-ITT. Yesterday an explaining statement was delivered in order to dismiss Berlin’s fears towards a project,...
Posted On 29 Sep 2010
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No Clear Rules, No Production

Interview with Economist Carlos Mckliff One of the basic conditions for a country to attract investment and production are clear rules. Permanent change in taxes creates levels of uncertainty pushes away any possibility of providing new sources for production and new employment....
Posted On 29 Sep 2010
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U.S. Chamber of Commerce calls on Senate to discuss extension of ATPDEA Ecuador

On Monday, US Chamber of Commerce, sent a letter to members of Congress. This influential group which  brings together more than three million American companies asked the US Congress to consider renewal  the Andean System tariff preferences (ATPDEA).  A submission made to it...
Posted On 28 Sep 2010
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Ecuadorian Bank Board Opens a Way to Invest in Media

Ecuadorian Bank Board by section two of Resolution No. JB-2010-1779, decided bank shareholders to acquire up to 24.99% in media companies. Several analysts agree them there´s a contradiction in this resolution because current constitution commands the financial institution...
Posted On 24 Sep 2010
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Erco Workers End its Strife

After two months of strike the employees of factory Continental Tire Andina (ERCO), city of Cuenca, decided to put an end to the civil strike that started on July 7. During the morning the demonstrators decided to end it, and by 16:00 of today they are going to give back the...
Posted On 23 Sep 2010
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Public Service Law Causes Street Manifestations

On Wednesday in Guayaquil, syndicate movements of Public Service employees and students started to protest because of the partial veto on projects for the Public Service Law and Superior Education. Most of the organizing managers say that these kinds of demonstrations are often...
Posted On 21 Sep 2010
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Resignation Purchase With Bonuses Will Take 18 Months

A Transitory Disposition from the Presidency included in the project of Public Service Bill allows the Obligatory Resignation Purchase to State Employees in order to reduce burocracy. The possibility to pay these liquidations with State Bonuses has generated critics, especially...
Posted On 20 Sep 2010
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