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The Government’s goal is to reach zero fiscal deficit in three years

Ecuadornews:   The Government set a goal to reach 2021 with the healthy accounts: zero fiscal deficit. To achieve this, Finance will have to make adjustments to public spending during the next three years. The instruments to achieve this goal are in the urgent economic bill...
Posted On 29 May 2018
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Controversy between digital media for communication reforms

Ecuadornews:   A proposal to include digital native media in the reforms to the Organic Law of Communication (LOC) opened a debate on the nature of these spaces and the origin of the recent approach. Dany Wilka, president of the Digital Media Association of Ecuador...
Posted On 29 May 2018
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In the National Court a trial hearing is held against Carlos Pólit and his son, for concussion

Ecuadornews:   The trial hearing against the former Comptroller, Carlos Pólit and his son John, accused of the crime of concussion, began this Monday, May 28, 2018, at the National Court of Justice. Before 09:00 the procedural parts began to arrive, among them Pólit son,...
Posted On 29 May 2018
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The frequency concession splashed by corruption

Ecuadornews:   It was another of the processes plagued by allegations of corruption. Now, the Comptroller’s Office confirmed 10 irregularities in the publicized contest for the awarding of radio and TV frequencies initiated by the previous Government. The main...
Posted On 29 May 2018
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Contract for the Pacific Refinery is adjourned

Ecuadornews:   The Minister of Foreign Trade, Pablo Campana, reported Monday, May 28, 2018, that the Government decided to extend the deadline for the award of the contract for the construction of the Pacific Refinery, located in Manta. Last January (2018), Campana indicated...
Posted On 29 May 2018
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In Ecuador, the creation of a soccer complex is being promoted with the support of FIFA

Ecuadornews:   The Ecuadorian Soccer Federation, chaired by Carlos Villacís, signed a loan agreement for 50 years with the Municipality of Daule on Monday for a piece of land for the construction of a soccer complex that has the support of FIFA. Villacís highlighted the...
Posted On 29 May 2018
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VAT will be returned to construction inputs

Ecuadornews:   The Government makes a nod to the builders by offering incentives that motivate them to build more social housing in the country and, with this, help accelerate the recovery of the sector, one of the hardest hit in the last years of recession. In the bill...
Posted On 28 May 2018
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Livestock farming facing the challenge of weighing on the economy

Ecuadornews:   Livestock in Ecuador is an activity that, despite occupying 68% of agricultural land, does not contribute significantly to the country’s economy (it only represents 11% of agricultural GDP), which partly reflects low efficiency and competitiveness...
Posted On 28 May 2018
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Gibraltar court rules in favor of Chevron in litigation over Ecuador again

Ecuadornews:   The Civil Division of the Supreme Court of Gibraltar ordered to compensate the US oil company with a sum of 38 million euros. Chevron in a lawsuit that has been in the courts for several years in several countries as a result of a complaint of environmental...
Posted On 28 May 2018
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The foreign service of Ecuador will be reduced by 10%

Ecuadornews:   Foreign Minister María Fernanda Espinosa announced that there will be a 10% reduction in the number of accredited officials at embassies and consulates abroad. “This is part of the austerity decree and, in some cases, a little bit more (of 10%), and...
Posted On 28 May 2018
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