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Electronic money still under analysis

Ecuadornews:     Negotiations to transfer the administration of the electronic money system to private banks are advancing at a good pace. Authorities and bankers discuss the issue of tariffs, the technical implementation of the system and reforms to the Organic...
Posted On 09 Aug 2017
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A major boost for the industry

Ecuadornews:     The rapprochement between the government and the business sector remains. Yesterday in Quito, the Productive and Tax Advisory Council brought together the sectoral table of chemistry, pharmaceuticals, toiletries, and cosmetics. The Minister of...
Posted On 09 Aug 2017
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Jorge Glas is again called to the Public Prosecutor’s Office to declare about Odebrecht and oil contract

Ecuadornews:     Vice President Jorge Glas arrived at the Prosecutor´s Office to give his unsworn version. His appearance will be for two cases: the previous investigation by Singue – an oil contract that was part of negotiations – and the preliminary...
Posted On 09 Aug 2017
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Twelve former Legislators lash out against the Attorney General

Ecuadornews:     Twelve former opposition lawmakers, including a former PAIS militant (Oswaldo Larriva), met again yesterday. The major goal, they said, is the fight against corruption. After enrolling in the “Collective of former legislators for democracy and...
Posted On 08 Aug 2017
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Judge ordered house arrest of former Comptroller General Carlos Pólit

Ecuadornews:     The criminal judge of the National Court of Justice (CNJ) Luis Enríquez ordered the preliminary inquiry for 90 days and ordered the house arrest against of former Comptroller General Carlos Polit for the alleged crime of concussion. According to Article...
Posted On 08 Aug 2017
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Debt: capital payment will grow by 60% in 2017

Ecuadornews:     The amount of the public debt amortization – i.e. the payment of debts acquired in previous years and that must be honored annually by the Treasury – will grow by 60% in 2017 compared to the last year. The amortizations will reach USD 7034...
Posted On 08 Aug 2017
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Government asks oil companies to assist in deporting Capaya

Ecuadornews:     President Lenin Moreno held a meeting yesterday with the delegates of the largest oil companies and operators working in the country: Halliburton, Repsol, Petrosud Consortium – Petroriva and Baker Hughes. One of the aims of the government was to...
Posted On 08 Aug 2017
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Doctors will promote breastfeeding through a didactic guide

Ecuadornews:     Deputy Minister of Integral Health Care at the Ministry of Public Health (MSP) Patricia Granja explained that the flip chart serves to reinforce the promotion of breastfeeding. “Unicef provided us with 13,000 copies.“ The launch is part of...
Posted On 08 Aug 2017
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Tomislav Topic handed over USD 2.5 million to the Prosecutor’s Office as ‘evidence.’

Ecuadornews:     Tomislav Topic is a shareholder of Telconet. This company is currently investigated by the Public Prosecutor’s Office within the Odebrecht case. In a document, prosecutor Diana Salazar asks Justice to authorize the deposit of USD 1, 9 million and...
Posted On 08 Aug 2017
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Lenin Moreno will sell an aircraft and will lower the wages of senior officials

Ecuadornews:     President Lenin Moreno announced the sale of one of the two presidential airplanes, as one of the measures to overcome the difficult economic situation. The announcement was made on Monday night in his weekly television space called ‘The...
Posted On 08 Aug 2017
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