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Guayaquil Municipality proposes to dredge the entire channel to the port in 11 m

The Municipality of Guayaquil yesterday announced a new proposal for the dredging of the access channel to the port of Guayaquil. This time was referred to the president, Rafael Correa. In the letter, the entity agrees to perform all channel dredging in two parts. First, from the...
Posted On 25 Sep 2013
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Exploitation of Yasuni Correa defends and criticizes the intangible zone

“The primary policy of the Government is to ensure the protection of the towns in voluntary isolation and this is registered in the Constitution that was created in the citizen’s revolution,” said the Ecuadorian President Rafael Correa, in its latest Saturday...
Posted On 24 Sep 2013
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At the end of 2013 the cost for induction cookers will be define

The Ecuadorian government hopes to set prices and models of electric induction cookers for December. This is within the project to replace gas stoves and remove the fuel subsidy. Ramiro Gonzalez, Minister of Industries, said yesterday that after participating in an event with...
Posted On 24 Sep 2013
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SRI denounces that the national court’s decision affects the State

Carlos Marx Carrasco, director of the Internal Revenue service (SRI), announced yesterday at a press conference that a ruling issued by the national court of Cassation could be the cause of a millionaire  loss to the Treasury ($ 252,3 million), within the trial that the tax...
Posted On 20 Sep 2013
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Ministry of education requested 20 million in bonds for voluntary retirement

The Ministry of Finance reported that the Ministry of education has requested $20 million in State bonds to pay for the voluntary retirement of 470 teachers. This new modality of payment for that purpose, was established in the Executive Decree 99  that published in the official...
Posted On 20 Sep 2013
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The customs office started the issuance of tax credit

Xavier Cardenas, director of the national customs office of Ecuador (SENAE), reported yesterday that from today the entity will issue the certificate of tax payment, in order to compensate the exporter sector affected by the expiration of the Atpdea (Andean Trade and eradication...
Posted On 20 Sep 2013
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State Attorney says award did not favor Chevron

Diego Garcia, the state attorney general, denied yesterday that Chevron was freed by the Court of Arbitration in The Hague regarding its responsibility in a case of environmental pollution in the Amazon, as reported by the U.S. company. Last Wednesday, The Hague issued a partial...
Posted On 20 Sep 2013
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Bank solvency increases

The Liquidity Fund of the Ecuadorian Financial System (FLSF) in charge of covering the private banks of Ecuador, managed, in August 2013 a total of $ 1,585 million. According to the report of the Central Bank of Ecuador (BCE), the entity that administers it. The FLSF was...
Posted On 17 Sep 2013
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Ecuador proposes investment in Spain

PROECUADOR, through its Commercial Office in Spain along with the Valencian Export Institute will present on Wednesday, September 18 the “trade and investment opportunities in Ecuador”, which is aimed to 80 businessmen. The main purpose of this project is to continue...
Posted On 16 Sep 2013
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State Insurances present irregularities

Despite the many irregularities in the reinsurance hired by the state companies Rocafuerte and Sucre, who were admitted last Saturday by the regime leader, Rafael Correa, the authorities have found more complaints about the lack of actual coverage. When an institution is assured...
Posted On 16 Sep 2013
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