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The slowed-down training of Special Development Zones

Ecuadornews:   The formation of the private Special Zones of Economic Development (ZEDE) has been slow, although talks began since 2010 and just one of them will be ready for 2019 in the port of Posorja. This week, the Ecuadorian American Chamber of Commerce of Guayaquil...
Posted On 13 Nov 2017
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The chambers submitted precautionary measures to avoid the collection of the customs fee

Ecuadornews:   Last Saturday, legal representatives of the Chambers of Industries, Commerce, and Construction of Guayaquil, filed a precautionary measure with the aim of suspending the effects of the entry into force of the Rate of Customs Control Service that would come...
Posted On 13 Nov 2017
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The Internal Revenue Service seeks more resources in the professional sector

Ecuadornews:   Freelance professionals, whose gross income exceeds USD 300 000 per year, will be obliged to maintain accounting records. With this provision, they will have to structure their income and expenses system, but they will also pay the advance of the income tax as...
Posted On 10 Nov 2017
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A Correist group warns about the ‘political misuse’ of control entities

Ecuadornews:   The call came up all of sudden. The of a press conference summoned by Gabriela Rivadeneira and other legislators arrived at the Legislature at 09:45. The PAIS Executive Secretary was joined by 21 legislators; the majority did not sign the support agreement...
Posted On 10 Nov 2017
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Baca labels Jorge Glas as the author of unlawful acts

Ecuadornews:   Jorge Glas, the Vice President of Ecuador without functions and prisoner in Prison No. 4 in Quito, was part of the Odebrecht scheme of bribes. It is one of the certainties the Prosecutor’s Office has. Attorney General Carlos Baca Mancheno assured it by...
Posted On 10 Nov 2017
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Prosecutor´s Office accused Jorge Glas and 12 other people involved in unlawful association

Ecuadornews:   In an extensive exhibition, Attorney General Carlos Baca Mancheno accused Vice President Jorge Glas, as well as other 12 people involved in the Odrebecht case, who illegally benefitted from 5 millionaire state contracts in Ecuador. In the second day of the...
Posted On 10 Nov 2017
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José Antonio Noritz: “The $ 41 million remain in Issfa and there will be no one who returns them”

Ecuadornews:   Vice Admiral José Noritz, former director of the Issfa, and one of the eight people held responsible for the alleged excess payment of $ 41 million, affirms that the money paid by the Ministry of Environment to the Issfa between 2010 and 2011 for the sale of...
Posted On 10 Nov 2017
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The Ministry of Agriculture and the banana sector define agreements

Ecuadornews:   the Zonal Government of Guayaquil was the scenario chosen for the first Banana Technical Board, led by the Minister of Agriculture and Livestock Rubén Flores, where a twelve-point roadmap was established to benefit the sector. Representatives of the producers...
Posted On 10 Nov 2017
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The Prosecutor´s Office will accuse Jorge Glas, his uncle and the former Comptroller General of unlawful association

Ecuadornews:   An indictment charge against thirteen people, including Vice President Jorge Glas, his uncle Ricardo Rivera and former Comptroller General Carlos Pólit, and an abstention opinion that favors the Equitransa official, José Catagua, and four former Odebrecht...
Posted On 09 Nov 2017
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Tame has no money to pay for pensions

Ecuadornews:   Everything is red. The numbers of the state company Tame uncover the obvious: its situation is unsustainable if urgent changes are not made. The state airline authorities ask for government intervention to discontinue routes, pay debts and subsidize flights....
Posted On 09 Nov 2017
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