Category

The company Industria Cartonera Ecuatoriana, one of the companies of the banana entrepreneur and former presidential hopeful Alvaro Noboa, submitted an extraordinary action of protection against the alleged irregularities in the payment for eviction to a group of former...

The Noboa group filed a special protection action before the Constitutional Court, because according to its lawyers, they had to pay an eviction, which is something illegal. Does it imply that the government will return the money if the Court approves the protection action?...

In less than a year the Armed Forces have had three changes of commanders and chiefs of their branches decreed by President Rafael Correa, who in the opinion of consulted retired militaries, result in an affectation to their institutionality. The first two changes were due to...

  European companies with more than 10 employees shall have 90% of Ecuadorian employees. That was one of the aspects negotiated in the trade agreement between Ecuador and the European Union (EU) in the table of services. The document of the commitments reached in this area,...

On November 28, Ecuador reported a country risk of 735.00 points; the lowest rate recorded during the last quarter of the year. According to the Central Bank of Ecuador (BCE for its Spanish acronym), this indicator, which measures the perception of markets on the ability of a...

A cargo company was allegedly used to export narcotic substances abroad illegally. Last weekend, two anti-drug dogs detected 11.85 tons of cocaine that were camouflaged in sacks of salt. The cargo was found in four containers that would leave the Maritime Port of Guayaquil bound...

  Representatives of the banana industry La Clementina, one of Noboa Corporation´s companies, announced on Thursday, December 8, 2016, payment of the debt the firm maintains with 1,853 former workers of La Clementina banana plantation. The Ministry of Labor estimated that the...

  The former executive president of the Association of Private Banks of Ecuador, Cesar Robalino, said in an interview with Ecuavisa that “The National Government can not have the audacity to take money from the bank reserve. Be careful, Mr. President! With all due respect...

To prevent contagion from one company to another, the Agrícola Bananera Clementina company yesterday paid the $ 3.9 million required by the Labor Inspectorate of Babahoyo, and thus the embargo process against the Ecuadorian Carton Industry was prevented, which, as reported...

On May 21, 2013, the Internal Revenue Service (IRS) seized the Clementina Banana Estate in the province of Los Rios for a tax debt of 100 million dollars. This action led to the dismissal of 1,800 employees of the Noboa Group who were working in the Hacienda, creating a committee...