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Military prevented electoral fraud in Venezuela 

  Parliamentary elections in Venezuela, held last Sunday, gave the opposition a greater representation of deputies in the National Assembly. An audio recording circulating on social networks, says that Diosdado Cabello, president of the Venezuelan National Assembly, made an...
Posted On 08 Dec 2015
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Alianza PAIS has 16 months to discuss the second package of amendments

Since January, the legislative bloc of Alianza PAIS (AP) has 16 months and a few days to approve a new package of constitutional amendments before the end of the legislative period (2013-2017). The party has 99 Assembly members, 7 more than the constitutionally required to do so....
Posted On 08 Dec 2015
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Vehicle sales have fallen by 30% in 2015

  According to data from the Association of Automotive Companies of Ecuador (Aeade) between January and November were sold in the country. This represents about a 30% less than the same period of 2014, when 108,000 units of all segments were sold. However, the drop in sales...
Posted On 08 Dec 2015
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Chile will cooperate in copper mining

  The Government offered to boost the mining sector in 2016. This is the bet for strategic sectors. Under this logic the government took yesterday a first step sealing a binational alliance. The state mining company and Codelco, of Chile, will form a company of mixed economy...
Posted On 08 Dec 2015
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Excess of liquidity, another source for the Treasury

  The Board of Monetary and Financial Regulation has issued some resolutions such as the intention to maneuver setbacks at financial and tax level to give encouragement to the economy. As published yesterday by Daily Expreso, the tap was a bit more open for bank reserves, so...
Posted On 08 Dec 2015
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Ceramic Imports with a downward trend

  In two years 63 ceramic importeing companies have closed, according to the Association of Importers of Ceramic Tiles. This is the effect of the measures that have been taken since 2013, as quality standards, quotas and surcharges, according to the guild. Dalila Gomez, the...
Posted On 08 Dec 2015
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Announcement of Inheritance and Capital Gains bills surprise the productive sector

  The announcement of President Rafael Correa, of sending again the draft Laws on Inheritance and Capital Gains to the Assembly surprised the productive sectors of Guayaquil and Quito, which consider it a bad sign for a difficult 2016.   Francisco Alarcon and Pablo...
Posted On 08 Dec 2015
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Disagreement between employers and workers for wage calculation

Between 2007 and 2015 the SBU grew by 108%, passing from $ 170 to $ 354. The increases have ranged between 17.64% (in 2008) and 4.12% (in 2015). But there are divided positions between employers and workers on the percentage increase that should be approved.   Meanwhile, the...
Posted On 08 Dec 2015
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Fernando Bustamante tells why he abstained from voting on reforms

   “I came here to tell my colleagues that I am at their service,” said the Assemblyman of the Alianza PAIS party, Fernando Bustamante, during his appearance before the Ethics Committee of the group, after he abstained from voting on the approval of constitutional...
Posted On 08 Dec 2015
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Relatives of imprisoned protesters insist on their innocence

  Four days after 21 of the 24 demonstrators were arrested in the surroundings of El Arbolito park (last Thursday), during the demonstrations against the adoption of constitutional amendments, their families insist on their innocence and clarify that the sanction of 15 days...
Posted On 08 Dec 2015
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