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No Clear Rules, No Production

Interview with Economist Carlos Mckliff One of the basic conditions for a country to attract investment and production are clear rules. Permanent change in taxes creates levels of uncertainty pushes away any possibility of providing new sources for production and new employment....
Posted On 29 Sep 2010
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U.S. Chamber of Commerce calls on Senate to discuss extension of ATPDEA Ecuador

On Monday, US Chamber of Commerce, sent a letter to members of Congress. This influential group which  brings together more than three million American companies asked the US Congress to consider renewal  the Andean System tariff preferences (ATPDEA).  A submission made to it...
Posted On 28 Sep 2010
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Ecuadorian Bank Board Opens a Way to Invest in Media

Ecuadorian Bank Board by section two of Resolution No. JB-2010-1779, decided bank shareholders to acquire up to 24.99% in media companies. Several analysts agree them there´s a contradiction in this resolution because current constitution commands the financial institution...
Posted On 24 Sep 2010
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Erco Workers End its Strife

After two months of strike the employees of factory Continental Tire Andina (ERCO), city of Cuenca, decided to put an end to the civil strike that started on July 7. During the morning the demonstrators decided to end it, and by 16:00 of today they are going to give back the...
Posted On 23 Sep 2010
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Public Service Law Causes Street Manifestations

On Wednesday in Guayaquil, syndicate movements of Public Service employees and students started to protest because of the partial veto on projects for the Public Service Law and Superior Education. Most of the organizing managers say that these kinds of demonstrations are often...
Posted On 21 Sep 2010
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Resignation Purchase With Bonuses Will Take 18 Months

A Transitory Disposition from the Presidency included in the project of Public Service Bill allows the Obligatory Resignation Purchase to State Employees in order to reduce burocracy. The possibility to pay these liquidations with State Bonuses has generated critics, especially...
Posted On 20 Sep 2010
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628 People Suspended from their Jobs Due to Corruption in Petroecuador

Public Petrol Company Petrocuador suspended 628 people today from their jobs, due to accusations of corruption in the comercialization and transportation of fuel, Reuters informed today. According to reports, the employees were accussed of having done a contract on 2005 without...
Posted On 18 Sep 2010
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Rafael Correa Says “Illegal Miners” are Justified to be Evicted

After the confrontation between the miners of Zamora Chinchipe and the 1,500 members of the police and the military who finally accessed the Cunguimi area on Wednesday, President Rafael Correa affirmed yesterday night that the eviction of the “illegal miners” was justified...
Posted On 17 Sep 2010
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Popular Bread will Sell at $ 0.13 per Unit

The Bakers Association of Guayaquil discussed the possible increase in the bread´s price  $ 0.10 to $ 0.13. They say the cost of materials for making of bread are expensive. According to Manuel Rodas, vice president of the guild, the sugar shortage and the flour quintal pric...
Posted On 15 Sep 2010
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Soybean Farmers Can´t Sale Their Product

BABAHOYO – Several hectares of soybeans are ready for harvest or are already being gathered. However there are no buyers according to the producers comments. About eight thousand small and medium producers of soybeans express their concern since no one is buying the harvest and...
Posted On 13 Sep 2010
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