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Workers and employers, after two meetings in the National Wages Council (Conades), failed to reach an agreement for the establishment of the unified basic wage (SBU for its Spanish acronym) that shall be effective since January 1, 2015. The decision is now in the hands of the...

The rise of the shares movement are showing the kind of volatility that preceded in the past to big drops, which some believe to be one of the most aggressive escalation that has been on Wall Street. The market has shown large swings under the influence of the collapse of oil...

Members of the National Wages Council (Conades for its Spanish acronym) did not reach an agreement on the salary increase for 2015 after the meeting yesterday, the second on the subject, at the premises of the Labour Ministry. The appointment started at 11:20. Xavier Estupiñán,...

The workers sector said they are willing to lower their initial proposal to increase the Unified Basic Salary (SBU for its Spanish acronym) for 2015, in the case that employers also make flexible their position, said Jaime Arciniega, chief of the labor sector before the Conades....

With 91 votes in favor, 20 against and 4 abstentions, the Production Incentives and Tax Fraud Prevention Law was approved yesterday.  A proposal from Alianza País and the production sector was included in this law, which states that gas cookers will have a Special Consumption Tax...

The Boston investment fund GMO Trust, filed a lawsuit against Ecuador in a Manhattan federal court, reported yesterday the Forbes magazine. The demand would be because of the default bond debt of Ecuador in 2008, when the President of Ecuador, Rafael Correa, stated that...

The draft Law of production incentives and tax fraud prevention, to be debated this December 22, establishes the payment of income tax (IR for its Spanish acronym) to the revenues generated by the occasional sale of shares. This and other measures are part of this package of...

The Ecuadorian government will increase tariffs on products coming from Colombia and Peru in similar percentages to the devaluations of their currencies. This measure, the President said, is because Ecuador due to dollarization, can not adjust the exchange rate to counter...

The Coordinating Minister for Strategic Sectors of Ecuador, Rafael Poveda, and the representative in Latin America of the Russian State Oil Company, Rosneft, Mikail Hrafinin, signed a memorandum of understanding to seek investment in the hydrocarbons sector in Ecuador....

Ecuador has opened space as competition from Holland in exporting flowers. Sales to Europe from Colombia and Ecuador registered a boom. Between 2003 and 2012 the two countries have had an increase of 10 and 90%, respectively. Exports of the product for 2014 will be around the...