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Report on amendments is approved by the Assembly

With eight votes of Alianza País and its allies the report was approved yesterday for the first debate of the Request for Constitutional Amendments, which contains 16 changes. The paper extends around three themes: indefinite reelection for all elected authorities, regulation of...
Posted On 29 Nov 2014
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Incentives to Production Law is dispatched to the Assembly

President Rafael Correa sent the draft Law on Incentives to Production and Tax Fraud Prevention to the National Assembly. The proposal is an urgent economic matter and should be processed within 30 days by the Legislature. Some of the reforms that the Executive’s proposal...
Posted On 29 Nov 2014
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Organization that raised injunctions prepares its own query

The organization “Vigilantes de la Justicia” (Rangers of Justice by its English name) indicated that in about 15 days they would propose a referendum on the indefinite reelection, a constitutional amendment being debated in the Assembly. Rafael Navarrete, President of...
Posted On 29 Nov 2014
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Next week salary increases for employees from Claro and Movistar will be defined

On December 4, 2014 the National Salaries Council (Conades for its Spanish acronym) will meet to analyze and determine the salary increase for employees of mobile telephone companies, which will be applied from 2015. On Friday, November 28, the Conades held the first meetin...
Posted On 29 Nov 2014
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Ecuador’s oil is trading at $ 59

Following the decisionof the Organization ofPetroleum Exporting Countries(OPEC) of not tocut production,oil pricesyesterdaycontinued their downward trend, reachingminimum levelsin five years. A barrel of West Texas Intermediate crude (WTI), which serves as a reference for the...
Posted On 29 Nov 2014
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Recognition of the State of Palestine is discussed in French Parliament

After Spanish and British, French deputies prepare to vote on a symbolic resolution requesting the government to recognize the State of Palestine, in a context of international frustration at the failure of the peace process in the Middle East. With the initiative of the deputies...
Posted On 29 Nov 2014
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Presidential campaign in Uruguay was closed

Candidates for the President of Uruguay closed on Thursday a campaign with different mood: the leftist president Tabaré Vázquez had all the odds in his favor, while Luis Lacalle Pou center tried his last chances. Three days before the runoff election that will define the...
Posted On 29 Nov 2014
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