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Banking sector asks to meet with the Monetary and Financial Board

Members of the banking sector want to meet with Patricio Rivera, Coordinating Minister for Economic Policy, who shall chair the Monetary and Financial Board, the body that regulates the Ecuadorian economy. César Robalino, President of the Association of Private Banks of Ecuador...
Posted On 25 Sep 2014
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Petroamazonas will incorporate more than 20 million barrels of oil

Ramiro Cazar, Manager of External Relations of Petroamazonas, announced that the oil company will incorporate about 20 million oil barrels more this year. Cazar said these new reserves are primarily related to the Armadillo field. The official also added that Petroamazonas...
Posted On 25 Sep 2014
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Draft Labour Code will not be “urgent economic,” according to Cayambe

After a conversation with the Minister of Labour Relations, Carlos Marx Carrasco, Fausto Cayambe (AP), a member of the Commission on the Rights of Workers of the Assembly and Coordinator of the ruling party bloc, assured that the draft Labour Code will not enter in th...
Posted On 25 Sep 2014
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Cameron will offer apologies to Queen Elizabeth after inappropriate comment

British Prime Minister David Cameron will apologize in person to Queen Elizabeth for saying that she “purred” of pleasure, as cats do when he reported her on the outcome of the referendum in Scotland. Cameron made this revelation to the former mayor of New York,...
Posted On 25 Sep 2014
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Prefects of Guayas and Los Rios seek to resolve border disputes

Prefects of Guayas and Los Rios, Jimmy Jairala and Marco Troya, met yesterday in Babahoyo to resolve conflicts of territory between the two provinces. Both presented the technical commissions to accurately identify the areas in dispute and prepare a report within 30 days. Lo...
Posted On 25 Sep 2014
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Ukraine calls on Western countries to maintain sanctions against Russia

Ukrainian Prime Minister Arseniy Yatseniuk, this Wednesday urged western countries to not lift the sanctions against Russia while Ukraine does not recover its “entire territory.” During the General Assembly of the UN, Yatseniuk once again denounced “the Russian...
Posted On 25 Sep 2014
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Trade agreement with the EU is under legal review

The European Union and Ecuador are conducting a legal review of the texts of their commercial agreement, after which they say that administrative and legal measures required for the approval of the accession and implementation of Ecuador to this Agreement will be taken. With...
Posted On 25 Sep 2014
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Explosion of new bomb kills one person in Chile

At early hours of today in a downtown neighborhood of Santiago a young man died by the outbreak of a new explosive device. The deceased was allegedly manipulating a homemade bomb, said the prosecutor of Chile. “A young man had been handling a homemade explosive device....
Posted On 25 Sep 2014
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Extradition of Lara would be defined next week

The Panamanian Foreign Ministry said that until yesterday in the afternoon they had not yet received a formal notice from the Supreme Court of his country on the fault in the extradition process against Galo Lara. This Tuesday, the Supreme Court of Panama declared...
Posted On 25 Sep 2014
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Assembly is expected to vote today on the pension funds

Today is expected to be completed the second debate in the Assembly on the draft pension funds. After that, it is expected that the rapporteur Betty Carrillo (AP) decides to accept or not the remarks made in plenary, to then proceed with the voting. The session would begin at...
Posted On 25 Sep 2014
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