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Lack of Liquidity in Interbank Cause Rise of Rate

The government ordered private banks to buy bonds of Petroecuador during the first days of this week, to reduce liquidity in the market, and not to increase inflation and finance the payment of overdue obligations This instance has generated interbank rates rise to 45% by reduced...
Posted On 13 Sep 2012
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IRS Tax Regulate the Outflow of Foreign Exchange

From this month, people who send money abroad will measure the amounts of money transactions to forward, if they want to avoid paying tax on Foreign Exchange Outflow (ISD for it Spanish acronym). It is estimated that for tomorrow starts a new regulation governing the Internal...
Posted On 13 Sep 2012
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Princes of Asturias will Visit Ecuador in the Beginnings of October

According with the report of the Spanish Embassy in Quito, Don Felipe de Borbon y Doña Letizia Ortiz, will visit the Andean country in October 4 and 5, along with a Spanish Business delegation. Javier Landa, the Economic and Commercial Councillor of the Embassy, informed that the...
Posted On 13 Sep 2012
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Three fronts unite against the National Electoral Council (CNE)

QUITO, Ecuador The Plurinational Coordinator of Left Movements, formed by unions, teachers and indigenous, is going to make street protests and will organize a march for the CNE to qualify two of their political organizations, Pachakutik (PK) and the Movimiento Popular...
Posted On 13 Sep 2012
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Ecuadorian Entrepreneurs Propose to Reform Working Hours

The Ecuadorian Business Committee, requested the Government of Ecuador flexible working time of 40 hours a week. This guild, which brings together the main production cameras, proposes to allow companies to distribute the time at different times and not eight hours an employee...
Posted On 13 Sep 2012
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Alianza PAIS asks reelection of Rafael Correa for President

Galo Mora, Executive Secretary of Alianza PAIS (AP), said that the ruling movement will request Rafael Correa‘s reelection for President of the Republic. AP movement’s bases have had 26 conventions nationwide and abroad, and in those conventions, Correa has been acclaimed...
Posted On 13 Sep 2012
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Goalkeeper Muslera admitted to have committed foul to Benitez

This morning, Fernando Muslera, Uruguayan goalkeeper admitted he committed foul against Ecuadorian striker Christian Benítez. Muslera, said that he believed the Paraguayan referee Carlos Amarilla, would charge the fault. “Honestly, he could charge it. There were a smash,...
Posted On 13 Sep 2012
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8 Provinces of Ecuador Declared in Orange Alert Due the Fires

At 13 days from the beginning of the forest fires in Ecuador, the National Secretary of Risk, Maria Pilar Cornejo, reported that the provinces of Pichincha, Imbabura, Carchi, Chimborazo, Cañar, Azuay, Loja and El Oro are on orange alert from now. The Interior Minister, Jose...
Posted On 13 Sep 2012
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New Information on Pedro Delgado’s Credit for the Purchase of his Home in Miami

Currently the Comptroller is investigating the case of Pedro Delgado, president of the Board of the Central Bank (BC), which opened a special review their declarations of assets by buying and financing a home in Miami last December. New data argue that Delgado has no mortgage in...
Posted On 13 Sep 2012
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Orlando Ibarra Talks to Ecuavisa About his Kidnapping

“Since I was captured God was with me, (…) I had tranquility and patience. I wasn’t afraid to die,” said Orlando Ibarra. On August of 2010, Orlando Sigifredo Ibarra Sarmiento was kidnapped by a band of criminals in Ipiales, Carchi. Afterwards he was sol to the National Liberation...
Posted On 13 Sep 2012
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