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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Pedro Paez Will Regulate the Market as the New Superintendence

Posted On 07 Sep 2012
Pedro Paez and Fernando Cordero

Pedro Paez and Fernando Cordero

Today Pedro Paez was positioned by Fernando Cordero, the head of the Main Assembly, as the new Superintendent of the Market Power Control, in the Assembly saloon. After the brief ceremony, 20 people congratulated Paez for his new charge.

From now on Paez will be handling all the practices in the market and of controlling that there aren’t any abuses of monopoly powers in the different economic sectors of the country.

During the possession of Paez, Ramiro Terán, one of the assemblymen present said that, “This superintendence would be like an IRS, which will follow the less powerful,” referring to pressure towards the lower merchants. AV

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