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ISSFA officials reject the expropriation announced by Correa

Wagner Bravo, delegate of the retired officers at the Social Security Institute of the Armed Forces (Issfa), said that the general assembly of retired pensioners denied the sale of any macro-lands in the Samanes borough to the State. “There will be no negotiations unless...
Posted On 27 Apr 2017
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The ITT will produce $ 800 million this year

The oil exploitation in the Yasuni National Park is beginning to bear fruit. According to the goals set for 2017, block 43, located in the ITT area (Ishpingo, Tambococha, and Tiputini), will generate about 800 million dollars. Nevertheless, due to the hydrocarbon presales to...
Posted On 27 Apr 2017
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The sale of the Banco del Pacifico is in the hands of the new Government

A year ago the government announced the sale of Banco del Pacifico, now, a new deadline is set. The sale process of the financial institution is not canceled but is “pending” until president-elect Lenin Moreno takes office in May. During an interview with Daily El...
Posted On 27 Apr 2017
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Gedeon contacted a former minister for Toachi Pilatón

In 2008, Eduardo Gedeon, then legal director of Odebrecht for Latin America, was confined to the Brazilian Embassy in Quito He was banned from leaving Ecuador after failures were detected at the San Francisco hydroelectric plant, built by the transnational company.   They were...
Posted On 27 Apr 2017
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Penalties for embezzlement vary due to various factors

On April 20, the judges of the National Court of Justice denied the appeals for annulment filed by former Sports Minister Raul C., thus ratifying the sentence of four years in prison against him for the crime of embezzlement. Instead, the next day, April 21, the Public...
Posted On 27 Apr 2017
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Cases of corruption are isolated in the view of Correa

President Rafael Correa does not want that his government ends in its last 29 days persecuted by the perception of institutionalized corruption. According to the president, corruption cases such as the Esmeraldas Refinery are isolated and rather respond “to the dark...
Posted On 26 Apr 2017
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Ecuadorian Public Prosecutor´s office analyzes 30 Odebrecht contracts

Some 30 contracts signed by the Brazilian company Odebrecht with the Ecuadorian state are analyzed by the Ecuadorian Public Prosecutor’s Office to verify under which conditions they were signed, it was reported Tuesday. According to statements by Attorney General Galo...
Posted On 26 Apr 2017
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Two countries witnessed the payment of bribes to a former minister

Rodrigo Tacla, a former Odebrecht lawyer, responded to all the inquiries by the Ecuadorian prosecutor’s officeby and gave details on the illegal operations the Brazilian construction company apparently conducted in Ecuador. Daily El Comercio had access to those documents on...
Posted On 26 Apr 2017
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A sit-in against the regime of Nicolas Maduro in Quito

“This is a symbolic act aimed at demanding the resignation of President Maduro,” said Pedro Jose Freile, representative of the Citizen Platform Fifth Power, which took part in this initiative. While several Venezuelans, with masks on their faces, shouted slogans...
Posted On 26 Apr 2017
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Varoufakis suggests the promotion of electronic money in the country

Greek former finance minister Yanis Varoufakis visited the country to praise the outgoing administration of president Rafael Correa and advise president-elect Lenin Moreno. He held meetings yesterday with them to give praise. Few are the changes he suggests in an economic model...
Posted On 26 Apr 2017
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