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Government decrees tax conditions for mining

The government sets the tax conditions for mining, by executive order, issued on October 27. President Rafael Correa said that “in order for the country to be more attractive” we must change the rules on tax collection. And for that, the extraordinary revenues tax will be...
Posted On 30 Oct 2014
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INEC seeks to value unpaid work

Unpaid work represented the 15.41% of the Gross Domestic Product (GDP) in 2010. This was announced yesterdayby the director of the National Institute of Statistics and Census (INEC), José Rosero, during the presentation of the satellite account of unpaid work in Ecuadorian...
Posted On 30 Oct 2014
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WHO: Ebola cases decrease in Liberia

The World Health Organization (WHO) reported on October 29 that the increase rate in new cases of Ebola in Liberia is decreasing, which implies its first hopeful statement about the possibility of starting to bring the epidemic under control. “The number of cases in Liberia...
Posted On 30 Oct 2014
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IESS former workers demand retirement payment

Yesterday, about 100 former workers of the Ecuadorian Institute of Social Security (IESS) among administrative personnel, physicians and nurses staged a new protest at the basement of the Zarzuela building, where the IESS Board meets. They demanded the employer’s retirement...
Posted On 30 Oct 2014
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Executive proposes changing appraisals to the property expropriation

President Rafael Correa sent a reform to the Law on the National System of Public Contracting, in which he proposes to amend the conditions under which the government acquires real property through expropriations to fund  public works. The Executive proposed that for the fixing...
Posted On 30 Oct 2014
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Ecuador obtains financing of $509 million from China

Ecuador will receive $ 509 million from China as a financing for the Coca Codo Sinclair hydroelectric. This was expected with the journey made by the Minister of Strategic Sectors, Rafael Poveda, to that country on Tuesday, October 28. The financial institution Eximbank of China...
Posted On 30 Oct 2014
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Russian planes are detected by NATO in European airspace

NATO has detected “unusual” Russian aerial maneuvers and “at large scale” on European airspace between Tuesday and Wednesday. The air activity of 15 aircraft of the Russian forces occurred in the airspace over the Baltic Sea, the North Sea, te Atlantic...
Posted On 30 Oct 2014
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Oil production in 2015 will be similar to 2014

Abdullah El Badri, General Secretary of the Organization of Petroleum Exporting Countries (OPEP for its Spanish acronym), announced that oil production in 2015 will be similar to 2014, despite the drop in prices. “I do not think 2015 will be very different from 2014...
Posted On 30 Oct 2014
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Cordicom launched campaign “Now my voice is heard” in Guayaquil

Yesterday morning, the Council for the Regulation and Development of Information and Communication (Cordicom), performed on the outside of the Faculty of Social Communication (FACSO), of the State University of Guayaquil, the nationwide launch of the campaign ‘Now my voice is...
Posted On 30 Oct 2014
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Ecuadorian Government requests the IACHR to “rectify procedures” in the complaints against the country’s justice

On October 29, authorities of the Judicial and the Government Function called on the Inter-American Commission on Human Rights (IACHR) to “rectify procedures” to treat denunciations against the Ecuadorian State. This, after thehearings conducted on Monday October 27,...
Posted On 30 Oct 2014
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