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Banks sign cooperation agreement in ExpoChina 2014

The Guayaquil Bank and the Exim Bank of China, signed a cooperation agreement with the objective of stimulating the trade with Ecuador. The signing took place at the opening of the IV Fair of Trade between China and Latin America, Expo China 2014, which will be developed until...
Posted On 08 Aug 2014
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Induction cookers pots will be ready in late August

The new pots for induction cookers are not yet produced in Ecuador. Of the seven qualified companies for making the cookware, only Electrococ and Indalro will start with the production after August 20 and the last week of the month. The other companies and...
Posted On 08 Aug 2014
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Israel and Hamas do not still concrete ceasefire extension

The ceasefire in Gaza meets today its third and final day and there is still no agreement between Israel and Hamas to extend the ceasefire. While Israel accepts an unconditional extension, Hamas says that Israeli and Palestinian negotiators in Cairo have not yet closed any...
Posted On 07 Aug 2014
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Quito Hotel will be auctioned until November 11

The President of the Board of the Ecuadorian Institute of Social Security (IESS for its Spanish acronym) Victor Hugo Villacrés confirmed yesterday, August 6, the decision to sell by public auction the Quito Hotel, whose minimum reference price is $ 35 million. Villacrés affirmed...
Posted On 07 Aug 2014
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Argentinean Government admits that debt has affected the country

Minister of Economy of Argentina Axel Kicillof, admitted on August 6 that the open conflict with speculative funds for payment of defaulted sovereign debt since 2001 affects the country and announced that new economic measures are being prepared. “This is a battle which of...
Posted On 07 Aug 2014
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Lasso announces signature collection for referendum

The former presidential candidate representing CREO political party Guillermo Lasso, announced that his political group is willing to collect signatures to support a popular consultation in order to know the public opinion on the package of amendments proposed by Alliance PAIS...
Posted On 07 Aug 2014
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President Correa suspends trip to Israel and Palestinian territories

President Rafael Correa announced the suspension of a scheduled trip for the second half of this year to Israel and the Palestinian territories due to the conflict that occurs in Gaza . In an interview regarding the conflict, Correa stated: “it must be denounced with all...
Posted On 07 Aug 2014
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Correa will dialogue with the European Council on tariff benefits for Ecuador

President Rafael Correa will take the oportunity today, August 7, during his stay in Bogota for the inauguration of the second term of the Colombian Juan Manuel Santos, to talk to the head of the European Council Herman van Rompuy, about tariff preferences for Ecuador Correa...
Posted On 07 Aug 2014
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Ecuador seeks to strengthen bilateral relations with the Saharawi Arab Republic

The governments of Ecuador and the Sahrawi Arab Democratic Republic discussed the possibility of opening embassies in each country, in order to strengthen their relationships. This was announced by the Ecuadorian Chancellery after the meeting held yesterday in Quito by...
Posted On 07 Aug 2014
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Russia grants Snowden residence permit for 3 years

Russia has extended for a period of three years residence permit former CIA analyst Edward Snowden, today announced its legal adviser, Anatoly Kucherena. Thus, Snowden can live in this country until August 1, 2017 and freely travel abroad, where it can stay for a maximum period...
Posted On 07 Aug 2014
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