off

SRI confiscated more than 2 million in garments with false labels

More than $2 ‘ 400.000 were confiscated in furs, coats, pants, as the result of the operations performed by the Service of Internal Rents (SRI) in Guayaquil, Cuenca, Ambato, Loja, Portoviejo and Quito, against impersonation of national labels on garments of foreign origin...
Posted On 11 Apr 2014
, By
off

Former Directives of the Territorial Bank were found guilty of embezzlement

After two days of hearing, and two failed previous court summons, the Fifth Criminal Court of Guayas declared former controlling shareholder of the extinct Territorial Bank, Pietro Z., and former manager Raul S, guilty of the crime of bank embezzlement. According to the...
Posted On 11 Apr 2014
, By
off

Petroecuador bought 800 000 barrels of Cutter Stock

 The Citizen Resources company was adjudged with the provision of 800,000 barrels of Cutter Stock, a diluent that is used for the preparation of Fuel Oil No.6, residue from oil required for the operation of thermoelectric power stations.   Citizen was awarded with that volume of...
Posted On 10 Apr 2014
, By
off

Government seeks to boost the meat industry and Aeronautics

In October 2013, the INTI and the Ministry of industries and productivity (Mipro), signed a strategic alliance to contribute to the strengthening of the value chain of meat in the country.   Alberto Álvarez, Argentine Ambassador in Quito, mentioned that in the country, a 46% of...
Posted On 10 Apr 2014
, By
off

Three Ecuadorian provinces already have 30,000 220 volt connections

This was explained by the Minister of Electricity and Renewable Energy, Esteban Albornoz, in the city of Cuenca, ensuring that the provinces of Azuay, Canar and Morona Santiago are the first ones to have 220 volt connections, which are needed to implement the plan of induction...
Posted On 09 Apr 2014
, By
off

Since may 5 the teacher´s promotion request will be factible

Since May 5, around 102.247 teachers may request their promotion or recategorization. It is estimated that the salary increase could be a 10% of the current. If all teachers are promoted, the State will invest $ 105 million.   Those who are part of the Magisterium must meet four...
Posted On 09 Apr 2014
, By
off

Biess absent in Habitat housing fair

The real estate fair `Habitat´, which began yesterday in the Simón Bolívar Conventions Center, presents the offer of 120 housing projects with prices ranging from $27,000 to more than $100,000, according to Gustavo Molina, Marketing Managerfor the event.   The exposition, which...
Posted On 09 Apr 2014
, By
off

The Ecuadorian State already used the 24.4% of the budget

Last year, it was not necessary to issue foreign debt bonds, however, on Sunday the scene changed. President Rafael Correa said that the issuance would be held this year and that the amount would reach 700 million dollars, although he said this issue would not cover the financing...
Posted On 08 Apr 2014
, By
off

Wendy´s Fast-food chain enters to the Ecuadorian market

The Wendy’s franchise, with the opening of its first restaurant in Ecuador, located in Avenida 9 de Octubre, expanded its brand to the country number 28.Wendy´d counts with the international menu, but some items are made with local raw material.   Thus explained Rebecca...
Posted On 08 Apr 2014
, By
off

World Bank extend loan to Ecuador for $ 1,000 million

The World Bank extended a line of credit to Ecuador for $ 1,000 million. Nathalie Cely, U.S. Ambassador for Ecuador, yesterday confirmed this through her Twitter account. Fausto Herrera, Minister of Economy, had anticipated to a local media about the credit that will be added to...
Posted On 08 Apr 2014
, By