Electricity subsidy for 100,000 users in August

Last Friday, the Minister of Electricity, Esteban Albornoz, announced that about 100,000 users across the country could benefit from the subsidy to the first 80 kilowatts per hour of energy, this August. This subsidy corresponding to between USD 6 and USD 8 in the electricity...

Delivery of military equipment to American police will be reviewed

President Barack Obama has ordered a review of programs that allow local and state police forces obtain the Defense Department military equipment that is left over. The review was ordered after two weeks of protests that began over the death of young black man Michael Brown...

BCE with power to punish, according to Monetary Code

The Central Bank of Ecuador (BCE for its Spanish acronym) will sanction the financial institutions with fines up to $ 800,000, in the case that these undertake clearing or liquidation operations without authorization. The Monetary and Financial Code draft establishes so...

Liquidity Fund resources would go to the CAF, FLAR or the Brics

On last Saturday during his nation-wide broadcast, President Rafael Correa, referring to the partial veto on the Monetary and Financial Code, said that the investments of the Liquidity Fund, amounting to about $ 2,000 million, which aims to solve liquidity problems for private...

Syria: ready to cooperate with the United States to fight Islamists

Syrian Foreign Minister Walid al-Mualem, offered on Monday the collaboration of the Government of Bashar al-Asad in the campaign to fight the jihadist group of the Islamic State. “Syria is ready to cooperate and coordinate regional and international efforts to combat...

Zoning Law to be debated in September

It is possible that the draft Zoning, Land Use and Management Law begins to be officially discussed in next September by the Committee of Autonomous Governments of the Assembly. For now the commission works with a preliminary draft prepared by consultants of the European Union,...

Ukraine plans to strengthen its army investing $ 3.000 million

The President of Ukraine, Petro Poroshenko, said that the Ukrainian government will invest about three billion dollars to rearm its military and deal with the “threats” to their sovereignty, referring to the fighting it lives in the east of the country against...

Jose Nelson Brandao: “If they extradite Mr. Galo Lara, he will be killed”

After the Panamanian government granted extradition for former legislator Tito Galo Lara to respond in Ecuador on charges of multiple homicides, his lawyer Jose Nelson Brandao said that if his client gets to be extradited, he will be killed upon arrival to the country. “If...