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Lenín Moreno decrees state of exception in Ecuador and ratifies economic measures

President Lenín Moreno decreed this noon the state of emergency in Ecuador to allow free mobility of citizens before protests generated by carriers. With this decision, the government can take the military to the streets to avoid excesses. Moreno reiterated that there is openness...
Posted On 03 Oct 2019
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Saudi Arabia minimizes the consequences of Ecuador’s withdrawal from OPEC

The withdrawal of Ecuador from the Organization of Petroleum Exporting Countries (OPEC) will not significantly affect the work of the organization, since the contribution of this Latin American nation is minimal, said on Tuesday, October 2, 2019 the Minister of Energy of Saudi...
Posted On 03 Oct 2019
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Today was the diligence to review Julian Assange’s equipment

Officials working for the Ecuador’s Prosecutor Department, delegates of the United States and the Ecuadorian lawyer of Julian Assange, Carlos Poveda, will participate today in a private hearing in which the recognition, exhibition and extraction of the information contained...
Posted On 03 Oct 2019
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Ecuador’s new economic measures were set (2019)

The dreaded rise in VAT was a scare. At least for now. It is one of the first clarifications made by President Lenin Moreno in his national chain last night. “Listen to me well: we will not raise VAT! It will remain at the current level of 12%, ”said the president before listing...
Posted On 02 Oct 2019
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Assembly receives proposal for early confiscation of assets due to corruption

Iván Granda, head of the Anti-Corruption Secretariat, delivered on Tuesday, October 1, 2019, the proposed Domain Extinction Law to César Litardo, president of the National Assembly. This activity is part of the work carried out at the Democratic Table of the 2030 National...
Posted On 02 Oct 2019
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The police involved in the 30S case, accuses Pamela M.

The life of Marcelo Bonifaz changed since September 30, 2010. That 30S revolt ended in accusations over the alleged kidnapping and attempted murder of the then-president, Rafael Correa. Bonifaz was accused of being one of the responsibles who ordered the shooting at the vehicle...
Posted On 26 Sep 2019
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Ecuador’s Government placed two billion dollars in sovereign bonds, but in international markets

The Government placed this September 24, $ 2 billion in sovereign bonds in international markets. Of the total amount, $ 600 million will expire in five years maintaining an interest rate of 7.88%; and $ 1.4 billion will stay for ten years with a rate of 9.50%. According to the...
Posted On 25 Sep 2019
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The Attorney General Office files an indictment against former Vice President Jorge Glas

On the morning of Tuesday, September 24, 2019, the trial and preparatory trial hearing against 15 people continued, in the Singue case. Within this process, the State Attorney General’s Office filed a private accusation against former Vice President Jorge Glas, former...
Posted On 25 Sep 2019
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La Clementina’s finance rights were transferred to a foreign capital company

La Clementina, a property attached to the Noboa group in 2013, has been assigned to a company with foreign capital. The contract, signed by the cooperative representing 1,800 workers for a period of 15 years, raises several questions. More details of this event in the following...
Posted On 25 Sep 2019
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Quito and Guayaquil Business Associations requested the Government to veto the penalty for non-payment of minimum prices

The Quito and Guayaquil Business Associations made public their rejection of the penalty of the support prices of agroindustrial products, in the Integral Criminal Code (COIP). They said this measure has not generated any favorable results for the country’s economy. On the...
Posted On 24 Sep 2019
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