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The Uncle of the Vice President had privileged information of those interested in investing in the country

Ecuadornews:     A private letter sent by the Vea Group to Vice President Jorge Glas Espinel showing interest in participating in the Fruta del Norte mining project was found in the computer of Glas’s uncle, Ricardo Rivera. This documentation is a vital part of...
Posted On 11 Sep 2017
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A redoubt of the correism

Ecuadornews:     The last bastion. A handful of former officials close to former President Rafael Correa and supporters of the ‘Correism,‘ coincidentally or not, found a space in the current government: the foreign service. Now, from far from the border,...
Posted On 11 Sep 2017
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For the third time, the trial of Carlos Pareja is postponed

Ecuadornews:     The third attempt failed. Former Hydrocarbons Minister Carlos Pareja Yannuzzelli, detained in jail 4 of Quito, was to be tried today, at 08:45, for alleged illicit enrichment. The hearing had to take place in the National Court of Justice. Judge Zulema...
Posted On 11 Sep 2017
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Dissolution of companies with a view to flexibilization

Ecuadornews:     The process of dissolution of companies for small businesses that report a 50% loss of their capital could become more flexible. Ventures that, generally, in the first years face problems can have up to three years of grace to stabilize and to avoid an...
Posted On 08 Sep 2017
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Government aims to reduce deficit by USD 1 billion

Ecuadornews:     The Government has committed to lessening the deficit in the 2018 Budget by at least USD 1 billion and in this regard, the executive issued on September 1st Order 135, whose 29 measures would be oriented at achieving that goal. “The deficit of...
Posted On 08 Sep 2017
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Iván Ontaneda: “There is an outstanding balance of $ 100 million for drawback”

Ecuadornews:     “Producers, exporters, and goods are not of right or left. The important thing is to establish an economy adaptable to the reality of the country. Regardless of ideological guidelines, pragmatism is needed, and the Productive and Tax Advisory...
Posted On 08 Sep 2017
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Lasso offers support to Moreno in referedum to eliminate re-election and the CPCCS

Ecuadornews:     Thursday, opposition leader Guillermo Lasso asked President Lenin Moreno, in a video broadcast on Twitter, to call a referendum for the ‘democratic reinstitutionalization of Ecuador.’ And he specified two fundamental issues: the elimination...
Posted On 08 Sep 2017
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Ecuador rejects North Korea nuclear test and fears a military escalation

Ecuadornews:     Thursday, the Ecuadorian government expressed its rejection of North Korea’s nuclear test on September 3 and its concern about “the arms race escalation that would be happening in the Korean peninsula.” “The Government of Ecuador...
Posted On 08 Sep 2017
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PAIS Alianza puts its conditions

Ecuadornews:     A referendum or a Constituent Assembly. That seems to be the dilemma in the ruling party. The Alianza PAIS bloc does not oppose to a referendum, but it does put its conditions. The party made it very clear in one of the 10 points of the resolution of...
Posted On 08 Sep 2017
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List of imported items was modified for low market demand

Ecuadornews:     The Director of the National Customs Service of Ecuador (Senae) reported that the Sixth Amendment of the World Trade Organization has been in force since September 1st. This means a change to 1,325 items or 16% of the total. With the adjustment,...
Posted On 08 Sep 2017
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