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Municipal works in health and education will need the State approval

  Municipalities will need permission from the ministries of Health and Education to carry out certain works in these areas, once the amendments come into force.   Currently they do not need authorization from the central government since one of its exclusive powers...
Posted On 11 Dec 2015
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Rising prices to 17 financial services

  The implementation of charging $1.66 for the issuance of the banks statements is one of the 17 new changes in the category “Services with maximum charges” established by resolution of the Board Policies and Monetary Regulation. Rates that were not previously...
Posted On 11 Dec 2015
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$ 2,800 million will come from China, according to Vice President

  Vice President Jorge Glas said yesterday that Ecuador will receive between this month and February 2016 about $ 2,800 million by loan disbursements from China. The announcement was made after returning from his three-day tour in the Asian country. At the same time, Finance...
Posted On 11 Dec 2015
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Trade deficit rises to 1.886 million dollars

  Half of the products that sustain 94% of non-oil revenues in Ecuador are shown as red figures and are, along with oil, the cause of a dramatic trade deficit. Between January and October this year the difference between imports and exports was substantially higher than last...
Posted On 11 Dec 2015
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Assembly adopted law that allows changes in the ID

The National Assembly, with 77 votes in favor, approved the Organic Law of Identity Management and Civilian Data, that between one of its changes is to replace the designation of the registry by the National Directorate of identity management and civilian data. Also it allows the...
Posted On 11 Dec 2015
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Radio program will pay a fine to the Supercom with the support of its followers

      With the help of listeners citizens who contributed since Tuesday, the radio program El Show de Josema y Paquirri, broadcast by La Luna Deportiva Radio Station, was able to collect $ 3,540 in order to pay a fine to the Superintendency of Information and...
Posted On 11 Dec 2015
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The shadow of the State control

  State control in Ecuador is a shadow projected into the future. The opposition, that believes to be able to snatch the power to the ruling party in 2017, includes it in its election manifesto; while civil society and institutions such as the Comptroller General decided to...
Posted On 11 Dec 2015
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The awarding of the Posorja port to DP World would take shape in 2016

  The Minister of Transport and Public Works, Walter Solis, said that the state company Dubai Port World (DP World) is about to submit a formal proposal for the construction of a deep water port in the Posorja town, a rural parish of Guayaquil. “This company [DP World]...
Posted On 11 Dec 2015
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Debts of consumer loans shot up at 8.25%

  Unlike years of rises in deposits, this has been one of contractions. Thus, it is appreciated that the account obligations to the public, fueled mostly by savings, decreased 2,210 million dollars between November 2014 and November 2015. A year ago there was a cumulative...
Posted On 11 Dec 2015
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1.7 million new unemployed people in Latin America

  Unemployment in Latin America rose for the first time in 5 years, from 6.2% in 2014 to 6.7% this year, a trend that will continue in 2016, when it will reach a 6.9% due to the slowdown in the region, according to the Labour Overview report of the ILO. The director of the...
Posted On 11 Dec 2015
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