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León Febres Cordero monument will finally be placed in Guayaquil

This Wednesday, August 27, the bust in honor to the Former President of Ecuador and Former Mayor of the city, León Febres Cordero, will be officially delivered to Guayaquil. With this, the City Hall tries to end the long controversy that began in 2011 for this work made ​​by the...
Posted On 27 Aug 2014
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President Abbas proposes creation of new Palestinian state

Palestinian President Mahmoud Abbas suggested to the Palestinian leadership in Ramallah, during a meeting, a plan that includes the creation of a Palestinian state with full support of the international community. The proposal comes after the signing of the indefinite ceasefire...
Posted On 27 Aug 2014
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Cosede will return resources of Banco Sudamericano account holders

The Deposit Insurance Corporation (Cosede for its Spanish acronym) will be responsible for returning the resources of depositors of Banco Sudamericano, which was declared in compulsory liquidation on Monday. Since that date, the Cosede has 10 days to start the process of...
Posted On 27 Aug 2014
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In 30 days, a 0.5% fee will be charged on credit purchases

In 30 days, when the Monetary and Financial Code takes effect, all persons who obtain loans or credit (for cars, for housing, for credit card purchases, etc.) will pay a fee of 0.5% on the amount of credit to finance comprehensive cancer care. According to the standard, the...
Posted On 27 Aug 2014
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Putin and Poroshenko dialogued about crisis in Ukraine without mediators

The talks between the Russian and Ukrainian Presidents in Minsk yesterday ended without much concrete progress on the conflict in eastern Ukraine. Petro Poroshenko and Vladimir Putin met face to face yesterday for more than two hours, for the first time without mediators, on the...
Posted On 27 Aug 2014
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Government defines the payment for induction cookers manufacturers

On last Tuesday morning, officials of the Ministry of Electricity, Ministry of Industries and manufacturers of induction cookers met in the Electric Company Quito to define the payment system and marketing of artifacts. According to government plans, those applying to the program...
Posted On 27 Aug 2014
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European Parliament urges the EU to consolidate support for affected in Gaza

After the permanent ceasefire negotiated in Cairo, the President of the European Parliament (EP), Martin Schulz, said today that the European Union (EU) must now intensify its efforts to support the Palestinians and Israel. “I welcome the agreement on a permanent ceasefire...
Posted On 27 Aug 2014
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Six policemen related to the 30S were sentenced to 12 years in prison

The Seventh Criminal Court of Pichincha has issued a written decision confirming the one from last August 1, which sentence six policemen to 12 years imprisonment over attempted murder against the President of the Republic Rafael Correa during the events the September 30, 2010...
Posted On 27 Aug 2014
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Ecuador seeks to renew credit with China

The Ecuadorian government seeks to renew a credit line of around 1,500 billion with The China Development Bank. The purpose of this credit would finance part of its investment plan for next year, according to what the Ministry of Finance said in a statement. “It was also...
Posted On 27 Aug 2014
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Judge reduces sentence of Cléver Jimenez and Fernando Villavicencio because of new COIP

Judge Lucy Blacio denied the request for termination of the penalty to former assemblyman Cléver Jiménez and his advisor Fernando Villavicencio and reduced their sentence from 18 to 12 months. This, after being convicted of libel against President Rafael Correa. In the new...
Posted On 27 Aug 2014
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