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Law to face the fall in oil prices in 2015 goes into effect today

The President of the Republic, Rafael Correa, made no observations and sent directly to the Official Register the Law of Production, Incentives and Tax Fraud Prevention. This law is part of governmental measures with which the government intends to deal with the fall in oil...
Posted On 30 Dec 2014
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AirAsia plane wreckage and corpses are found by Indonesian authorities

The Indonesian Army found today fuselage remains and corpses at the south coast of the Borneo island, which correspond to the AirAsia plane, disappeared on Sunday, according to the head of Indonesian rescue services, Bambang Sulistyo. The Indonesian navy recovered in the Java Sea...
Posted On 30 Dec 2014
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The Assembly would appoint two members of the CNE on January 7

The new period of the National Electoral Council (CNE for its Spanish acronym) would begin on January 7 with the appointment of two new members, Carlos Tayupanta and Gloria Toapanta in the National Assembly. Internal sources of the CNE reported that would be the expected date for...
Posted On 30 Dec 2014
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Law on Production Incentives frees induction cookers from VAT

Since this December 29, the Organic Law of Production Incentives and Tax Fraud Prevention was promulgated in the Official Gazette, after six days it was approved in second debate by the National Assembly. With this, induction cookers will not be taxed with the value added tax...
Posted On 30 Dec 2014
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Indigenous refuse to vacate their headquarters in the day of Resistance

The Indigenous said they want to prove that their headquarters is their home. After the announcement of the Government that the loan agreement with the indigenous organization will be revoked, CONAIE has organized different activities at its headquarters in the north of Quito....
Posted On 30 Dec 2014
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Oil ends at its lowest level since 2009 in New York

The price of oil was positioned at its lowest level in five and a half years on Monday in New York, a market that has been hit by fears about the global supply of oil. A barrel of “light sweet crude” (WTI) for February delivery fell USD 1.12 to 53.61 at the New York...
Posted On 30 Dec 2014
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Basic salary increase is expected for today

Today at 10:00 the Minister of Labour, Carlos Marx Carrasco, would announce the Unified Salary increase (SBU for its Spanish acronym) of 2015, after for two occasions, representatives of workers and employers before the National Wages Council (Conades for its Spanish acronym)...
Posted On 30 Dec 2014
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