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The climate leads to better harvest of maize, but reduces prices

The benign climate for the harvests in the United States caused yesterday the fall of the price of corn, soybeans and wheat. “The volumes of transactions are very few”, said Mike Zuzolo of the Global Commodity Analytics and Consulting firm. The anticipation of a rainy...
Posted On 23 Dec 2015
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Discount for IESS debts will remain in force until March

Until March 17, 2016, employers and volunteer affiliates that have debts to the Ecuadorian Institute of Social Security (IESS) will be able to pay their obligations and receive a 99% interest discount and 100% discount in fines and penalties, announced yesterday the institution...
Posted On 23 Dec 2015
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Lands Act, with no date for a vote

  The draft Law of Rural Lands and Ancestral Territories does not have an approval date in the plenary yet; yesterday was the second day of the second debate and the session was suspended by the President of the Assembly, Gabriela Rivadeneira (AP), until a new date is set....
Posted On 23 Dec 2015
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“Imbalance” between fixed salary and the family food basket is $ 303.96

  The cost of the basic food basket, established by the National Institute of Statistics and Census (INEC for its Spanish acronym), amounts to $ 669.96 (report of November 2015); while the Unified Basic salary has just been set at $ 366 for 2016. This is an imbalance of $ 303.96,...
Posted On 23 Dec 2015
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Operation Link 91 resulted in the arrest of 14 people for drug micro-trafficking

  They used to provide the home-delivery service. They relied on technology to collect orders. It was a well organized group. But on Monday night and early yesterday morning, thanks to the operation Link 91, the police ended these drug micro-trafficking activities in...
Posted On 23 Dec 2015
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Rafael Correa announces topics that would be in the second package of reforms

  President Rafael Correa said Tuesday in a discussion panel with reporters five of the topics that would be included in the second package of amendments to the Constitution, he plans to send next year to the National Assembly. A first change to the Constitution would allow...
Posted On 23 Dec 2015
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Mimo, champion of the “National Breeding” competition

By a head, Mimo, won the first place in the “National Breeding” competition,” held in Buijo. Followed by Marco Polo, Mimo showed his strength when running to reach the goal. Along with his jockey Jose Jurado he ran 1,800 meters in 1,56,3 minutes. This is the...
Posted On 23 Dec 2015
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Correa: “It would be a terrible mistake” the possible candidacy of Jaime Nebot

  If the Guayaquil Mayor Jaime Nebot is runs for the presidential elections of 2017, he takes the risk of being defeated at the polls, said Tuesday president Rafael Correa during a discussion panel with reporters. When asked about the interest of members of the Christian...
Posted On 23 Dec 2015
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Construction companies talk of layoffs, while the government announces a plan

  The construction guild unveiled its negative figures this year, the only one that has not shown growth in the last decade. In a report by the Televistazo newscast, Henry Yandun, president of the Chamber of Construction Industries (CIC for its Spanish acronym), explained that...
Posted On 23 Dec 2015
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Country Risk rises, although the bonds were paid

  Until December 20, the international market did not react according to the intentions of Ecuador: to reduce the country risk in order to achieve financing at lower rates. On December 15, the day of the bonds payment deadline, the indicator that measures the degree of...
Posted On 23 Dec 2015
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