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Unidad Popular and Fuerza Ecuador shall submit more signatures to the CNE in the first months of 2015

To deliver to the National Electoral Council (CNE for its Spanish acronym) during the first months of the year more signatures, required by the Code of Democracy (1.5% of the electoral register used in the last election process of February) is the goal of the politica...
Posted On 31 Dec 2014
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New Incentives Law defines the tax increase on cigarettes

Ecuador raised taxes to discourage the consumption of harmful products such as cigarettes and to promote the national industry,upon taking effect this December 30 the Organic Law on Production Incentives and Tax Fraud Prevention. According to the Internal Revenue Service (SRI by...
Posted On 31 Dec 2014
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YPF plans to appeal the court order of delivering information on the agreement with Chevron

The oil company YPF, controlled by the Argentine government, reported yesterday it plans to appeal the order issued by a judge of providing the information requested by opposition deputies on the agreement with Chevron to exploit Vaca Muerta. “YPF will appeal the decision...
Posted On 31 Dec 2014
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Palestinian peace project is rejected by the Security Council of the UN

The Security Council of the UN rejected on Tuesday a Palestinian resolution on a peace agreement with Israel with 8 votes in favor, two against and five abstentions. The draft resolution, which among other things demanded the withdrawal of Israel from the Palestinian territories...
Posted On 31 Dec 2014
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35,374 policemen will safeguard the country during the holidays

The National Police announced a national contingency plan to ensure peaceful coexistence during the new years eve holidays. The entity will increase the presence of police officers to maintain the public order and thus avoid situations that generate crime and road accidents....
Posted On 31 Dec 2014
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Domestic products will continue to enter the EU without tariffs in 2015

Yesterday, the decision to extend the benefits of tariff preferences to Ecuador for two years was published in the Official Journal of the European Union (EU). Today expires the General System of Plus Preferences for Ecuador, through which around 1000 products can enter the...
Posted On 31 Dec 2014
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Venezuela is in recession since the second quarter of 2014

Venezuela fell into recession in 2014 with a falling of its GDP for three consecutive quarters, and recorded an annualized inflation record in the continent of 63.6% in November, according to data released this Tuesday by the Central Bank of Venezuela (BCV). The GDP contraction...
Posted On 31 Dec 2014
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Ecuadorinmediato commented on Mauricio Rodas opposition to the sanction

“Mr. Mayor, to be respected you have to be respectful. Not invoking or calling for the disrespect of the law, or offloading your own responsability on others, in a repetitive behavior that becomes suspicious that way of proceeding… ,” says the statement issued...
Posted On 31 Dec 2014
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Rescue operations of the AirAsia plane were suspended due to bad weather

The search operations in Indonesia of the bodies of the occupants of the AirAsia aircraft, crashed on Sunday in the Java Sea with 162 people on board, were suspended this Wednesday due to bad weather that prevented rescuers, military and police to regularly labor. “Heavy...
Posted On 31 Dec 2014
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