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A lawyer of Ecuadorian origin defends ‘El Chapo’ Guzmán in the United States

Ecuadornews:   Eduardo Balarezo is the lawyer of Joaquín Guzmán Loera aka ‘El Chapo.’ It is the first time an attorney of the Mexican drug lord talks about his situation, after nine months of his seclusion. The former head of the Sinaloa cartel remains in a...
Posted On 20 Oct 2017
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The average price of crude oil grew by $ 10.65 in 2017

Ecuadornews:   Between January and August of this year, oil exports generated around $ 835 million, more than in the same period of 2016, according to data from the Central Bank of Ecuador. The difference occurs by a rebound in commercialization prices. During the analysis...
Posted On 17 Oct 2017
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Chinese contractors received a special tax treatment in Ecuador

Ecuadornews:     It was November of 2013 when the then Foreign Minister Ricardo Patiño exposed in Beijing the special treatment Ecuador offered to Chinese investors in tax matters. These preferences are reflected in 31 of the 48 public contracts that have been financed...
Posted On 16 Oct 2017
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Foreign construction companies conquer the local market

Ecuadornews:     The foreign construction companies are the ones that more revenues recorded in the country in 2016, compared to the national ones, according to the statistics of the Department for the Control of Companies of Ecuador. In the top ten of the construction...
Posted On 16 Oct 2017
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Odebrecht hid its bribes with subcontracts and nicknames

Ecuadornews:     The information provided by the United States in the Odebrecht case reveals two things. A sophisticated subcontracting scheme to get the money to be used to pay bribes, as well as the use of nicknames to hide the identity of the corrupt officials....
Posted On 06 Oct 2017
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The banana farmers agree to lower the price of the box

Ecuadornews:     There is a reason the banana sector argues for reducing the price of the fruit box to six cents: markets are complicated, and Ecuador must protect its competitiveness. The Banana Exporters Association (AEBE) announced yesterday an agreement with...
Posted On 05 Oct 2017
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Lemon imports increased by 321%

Ecuadornews:       The price of lemons remains high in the markets, due to a shortage by the little harvest Ecuador had this year. Six units of the local variety cost USD 1; the same value is requested for 8 or 10 units of the Colombian variety, imported since...
Posted On 03 Oct 2017
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Moreno believes that Assange would be abusing his asylum status

Ecuadornews:     Ecuadorian President Lenin Moreno said today that his government would continue granting asylum to WikiLeaks founder Julian Assange, but stated that perhaps the Australian is abusing that condition. “We have asked him, cordially, to stop...
Posted On 29 Sep 2017
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Ecuador qualifies again for United States Visa Lottery

Ecuadornews:     Ecuador qualified again for the diversity visa program, also known as a visa lottery, as announced by the US Embassy in the country on September 28, 2017, through a statement. According to the information, the applications for the program will start on...
Posted On 29 Sep 2017
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Ecuadorian chifles and patacones gain presence in snack stands in Japan

Ecuadornews:     The chifles (green and ripe banana) as well as patacones are already part of the variety of “snacks” offered in supermarkets in Japan. The announcement was made this morning by Pro Ecuador Japan, whose headquarters are in Tokyo. This...
Posted On 26 Sep 2017
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