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Correa granted Nebot with a deadline to assume traffic responsibility

During the discussion with media at Quito, President Rafael Correa gave a deadline of January 2015 for the mayor of Guayaquil, Jaime Nebot, to assume jurisdiction of transit, otherwise he will “probably” start charging the administration of 1,300 transit guards. The...
Posted On 17 Oct 2014
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Rates for electronic money transactions must be approved

The Central Bank of Ecuador (BCE for its Spanish acronym),  developed a rate proposal for six types of transactions with electronic money. Three of them would be free, according to the approach that shall be approved by the Monetary Adjustment and Policy Board. In a statemen...
Posted On 17 Oct 2014
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Ecuador’s banana sector, worried about effective date of the agreement with the EU

The eleventh edition of the International Forum of Bananas concluded with the news that the guild would close the current year exporting 290 million boxes and would break the record of exports it reached in 2011; during the last lecture Genaro Baldeon, Deputy Minister of Foreign...
Posted On 17 Oct 2014
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Senplades foresees USD 8 000 million for public investment in 2015

Pabel Muñoz, head of the National Secretariat for Planning and Development (Senplades for its Spanish acronym), announced that the public investment in 2015 will be around USD 8000 million. Of that amount, strategic sectors will receive 32%. “Do not forget that Ecuador is...
Posted On 17 Oct 2014
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Nigerian authorities reach agreement with Boko Haram to free abducted girls

The Nigerian Army ensured this Friday it has achieved a ceasefire agreement with the Boko Haram terrorist group, that could cause the immediate release of the more than 200 girls abducted in a school in the Chibok village. The head of the Nigerian Staff, Alex Badeh informed...
Posted On 17 Oct 2014
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Authorities continue submitting reforms to the new Integral Penal Code

Before and after the new Integral Penal Organic Code (COIP for its Spanish acronym) takes effect on August 10, the Justice Commission of the Assembly has received proposals to change this Code. The two first were submitted as draft Reformatory Law and about two specific areas:...
Posted On 17 Oct 2014
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International oil price drop will not affect Ecuador, according to President Correa

The fall in the oil price in the international market still does not affect the economy of Ecuador, the smallest member of OPEC, said President Rafael Correa . “It’s nothing critical yet and it is not going to fall (the price), at least according to our perceptions,...
Posted On 17 Oct 2014
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Putin and Poroshenko met at Rome during the Asia-Europe summit

Russian President Vladimir Putin and his Ukrainian counterpart Petro Poroshenko, held in Milan this Friday a meeting with the presence of main European leaders within the Asia-Europe summit ASEM, according to AFP. The Ukrainian president said after the meeting that there were...
Posted On 17 Oct 2014
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Second debate between Rousseff and Neves centered on attacks and corruption allegations

The Brazilian President Dilma Rousseff and opposition Social Democrat Aecio Neves once again crossed allegations of corruption and lack of ethics during the second televised debate between the two presidential candidates for the second round of elections on October 26....
Posted On 17 Oct 2014
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Unions and Conaie delineate strategies against the new draft Labour Code

Union members and the Confederation of Indigenous Nationalities of Ecuador (CONAIE) will hold a national convention on October 17 in Guayaquil, to delineate their strategies before the announcement of the Government of not submitting to the Assembly a new draft Labour Code. The...
Posted On 17 Oct 2014
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