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Prosecutor accuses the involved in Cofiec Case

Last Wednesday at the National Court of Justice, the Attorney General accused former director of the Banco Central del Ecuador (BCE) and representative of the Unidad de Gestión de Derecho Público (Ugedep), Pedro Delgado, and other eleven former officials of the Cofiec bank and...
Posted On 04 Sep 2014
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Senae investigates people who sell contraband goods online

Smuggling through social networking is a new way to evade customs controls, as reported by the authorities of the National Customs Service (Senae for its Spanish acronym). One person was arrested while trying to enter as baggage, goods that had been sold through a website. The...
Posted On 04 Sep 2014
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Amendment to eliminate presidential term is presented by Santos

The President of Colombia, Juan Manuel Santos, introduced the bill that includes the elimination of presidential reelection. “Let’s eliminate the figure of reelection. The election will be eliminated, not just the re-election of the President of the Republic, but that...
Posted On 04 Sep 2014
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Catholic Church of Venezuela rejects prayer to Hugo Chavez

On Wednesday, Venezuelan Cardinal Jorge Urosa Sabino, and four other bishops of Caracas, raised their voices to reject a new version of the popular prayer “Our Father” which was modified by an activist of the ruling party Partido Socialista Unido de Venezuela (PSUV),...
Posted On 04 Sep 2014
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WHO entrust to experts the development of treatments and vaccines against Ebola

200 experts in Geneva will have the task of evaluate and develop eight treatments and two experimental vaccines against Ebola virus at the request of the World Health Organization. The experts will analyze “the possibilities of production and use of these treatments”...
Posted On 04 Sep 2014
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Debt payment venue is changed by Argentine Senate

On yesterday midnight, the Argentine Senate approved a change of venue to pay their New York debt in Buenos Aires, through a bill that includes Paris as alternative venue. The decision was taken as a measure that seeks to bring the country out of the selective default avoiding...
Posted On 04 Sep 2014
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Insurers members discussed their implications in the Penal and Monetary Code

Members of different insurers of Ecuador came together at the Sheraton Hotel in Guayaquil this July 4th for the ‘Insurance First Colloquium, organized by’ Cóndor Insurance S.A ‘. At the conference was discussed the activities of this sector and its implications...
Posted On 04 Sep 2014
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Preparatory hearing begun on case-Cofiec Duzac

The National Court of Justice began on Tuesday August 2, the preparatory hearing of judgment and presentation of opinion in the case of Bank Cofiec, where there are 20 defendants for their alleged involvement in the irregular delivery of a loan of USD 800 000 in December 2011, to...
Posted On 03 Sep 2014
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Ecuador’s 2015 budget is under development

The Finance Minister Fausto Herrera in a EcuadorTV interview, confirmed that the budget of Ecuador in this 2014 is 100% funded and until now they are working to concretise the 2015. Herrera said that he met with the authorities of the Development Bank of China, in order to...
Posted On 03 Sep 2014
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Storm Dolly reaches northeastern Mexico and the red alert remains

Several regions of Tamaulipas, Veracruz and San Luis Potosi this Wednesday remain on red alert due to heavy rains brought by the storm Dolly which in the last hours was downgraded to a tropical depression, Mexican authorities reported. The (NWS) National Weather Service said...
Posted On 03 Sep 2014
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