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Current spending makes the task of fiscal adjustment difficult

Ecuadornews: Analysts agree that the decisions taken by the government point to the right direction, but its effects will be minimal without complementary measures. Do more with fewer resources. Under this premise, the government carries out austerity measures in public spending...
Posted On 25 Sep 2018
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The national flower is bathed in gold to innovate

Ecuadornews: While the fresh flower is still the flagship product of the Ecuadorian flower industry, the farms also develop new varieties and innovative products that are demanded in new markets, such as Chinese. The novelties were presented at Expo Flor 2018, which was held...
Posted On 25 Sep 2018
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The Ombudsman apologizes for “institutional silence

Ecuadornews: As a way of recognizing errors, the defender of the People, Gina Benavides, called for public apologies to three sectors that, in her opinion, were stigmatized and discriminated against. The official presided over the ceremony at the Ecuadorian House of Culture and...
Posted On 25 Sep 2018
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Price of gas stoves went down 42%

Ecuadornews: The elimination of the Special Consumption Tax for gas stoves reduced its prices and reactivated the demand. The incentive, which has been in force since September 1, is part of the Productive Development Law. The tax was 100% since 2014 and sought to encourage the...
Posted On 25 Sep 2018
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Lenin Moreno argues that there is no conflict that can’t be solved by talking

Ecuadornews: The president of Ecuador, Lenin Moreno, defended in the United Nations that there is no conflict that can’t be solved by speaking and asked the leaders to promote peace in the world. “No problem is so deep that it cannot be solved if there is the will of all...
Posted On 25 Sep 2018
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Ecuador spends the most on public purchases

Ecuadornews: The first on the list. Ecuador is the country that spends the most in public purchases among 21 nations of Latin America and the Caribbean, according to a study published yesterday by the Inter-American Development Bank (IDB). According to the research ‘Better...
Posted On 25 Sep 2018
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Pension fund of the IESS fell to $ 7.298 million until June

Ecuadornews: The pension fund, managed by the Bank of IESS (Biess), reached $ 7,298 million in June 2018. The amount of the fund has been falling since December 2015 when it was $ 9,032 million. One of the reasons for this behavior has been the elimination of the contribution of...
Posted On 25 Sep 2018
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CPCCS affirms that it is not viable for the Judiciary Council to evaluate judges

Ecuadornews: This morning Luis Hernández, counselor of the Council of Citizen Participation and social control, spoke on Radio Pública FM about the processes for appointing authorities and the fight against corruption carried out by the institution. Luis Hernández pointed out...
Posted On 25 Sep 2018
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The political contradiction

Ecuadornews: Six months before the country returns to live an electoral fair, this time to elect more than 11,000 dignitaries between principals and substitutes of the sectional bodies, the contradiction between those who signed in favor of political organizations and the...
Posted On 25 Sep 2018
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Awards for the Guayaquil International Airport

Ecuadornews: The José Joaquín de Olmedo International Airport in Guayaquil was chosen as the best air terminal in Latin America and the Caribbean by the International Airport Council (ACI). And it obtained two other distinctions: the second best airport in the world in the...
Posted On 24 Sep 2018
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