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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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Supercom will maximize control for broadcasting quotas of intercultural content in the media

  A monitoring report of the Superintendency of Information and Communication (Supercom) determined that among 28 local media, in the provinces of Guayas and Santa Elena, there is widespread failure to broadcast 5% of intercultural content, requires by the Organic Law of...
Posted On 08 Dec 2015
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Without giving a date, President Rafael Correa said he will insist on Inheritance and Capital Gains laws

  The president gave no date or details of the content, but insisted that his goal is to generate a correct “distribution of wealth and cut illegitimate sources of wealth;” in addition to cut “widespread forms of evasion,” as the creation of trusts or...
Posted On 08 Dec 2015
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Funds of the Guayas Prefecture would be reduced to $ 15 million due to cuts

  Prefect Jimmy Jairala estimated yesterday that in 2016 the provincial government will dispense with $ 15’000.000 due to state budget cuts. However, he noted that by the mid of next year the Ministry of Finance would pronounce on that amount, according to the price...
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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