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National Brewery Dispute Entered Its Final Stage

Richard Espinosa, Minister for Industrial Relations, announced yesterday that his minister is ready to execute the decision of the Twelfth Civil Judge of Guayas, Pedro Iriarte, who ordered the payment of USD 90.9 million for arrear utilities by the National Beer (CN in Spanish)...
Posted On 06 May 2011
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Chevron Plaintiffs ask U.S. Judge to Withdraw From the Case

Communities in the Ecuadorian Amazon, who have a long lawsuit against Chevron due to environmental contamination, have filed a motion for recusal against the judge who takes part of the lawsuit in the United States. “Any objective observer would conclude t...
Posted On 27 Apr 2011
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Correa: The Elimination of ATPDEA will not Affect Employment

This morning, President Rafael Correa, confirmed that the final phase of the Andean Trade Preference U.S. (ATPDEA) would not cause unemployment in Ecuador and said tax compensation to both employers and producers. Correa said: “I assure you will not lose a single job for...
Posted On 25 Apr 2011
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Chevron Filed a Lawsuit to Block Failure in Ecuador

U.S. oil company Chevron announced today an amendment to a lawsuit in a New York court, which seeks to prevent the recognition and enforcement of a ruling against the company due to environmental damage in Ecuador. Chevron said there was “new evidence of fra...
Posted On 21 Apr 2011
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New Trading Currency Will Be in Circulation in Azuay City

The UDI (Unit for Solidarity Exchange), will be a new coin to circulate in the parish of Sinincay, 10 minutes from Cuenca. The new currency is expected to be launched the first week of May. The bill will serve only for business transactions in that place and it will be worth a...
Posted On 18 Apr 2011
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Affected by ATPDEA will Benefit with a New National Incentive Plan

Ecuadorian President, Rafael Correa, approved the immediate implementation of a National Plan of Incentives for all sectors affected by the failure to renew the Andean Trade Preference System (ATPDEA) said yesterday the Minister of the Production Coordinator, Nathalie Cely. This...
Posted On 15 Apr 2011
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ATPDEA Back Up Plan to Support Exporters will Be Known in 10 Days

Yesterday afternoon, the Coordinating Minister of Production, Nathalie Cely, announced that 10 days is the deadline to present the plan to support exporters to avoid the Trade Preference Act (ATPDEA). Mauricio Peña, Deputy Coordinator of Production, has not ruled out implementing...
Posted On 31 Mar 2011
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Nacional Brewery Has 3 Days to Repay Debt

Yesterday afternoon, third Criminal Chamber of Guayas resolved the outstanding issues on the verdict in the National Brewery (CN in Spanish) case. Deadline runs funs from today for this company which has to pay $ 90.9 million to more than 1,300 former workers who have had unpaid...
Posted On 30 Mar 2011
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National Brewery complaints about the expansion of the resolution

The Ecuadorian National Brewery (CN in Spanish) accused the court for trying to deny them their right to put the extraordinary action of protection that the law empowers them, after the resolution imposed by the third Criminal Chamber of Guayas against the company which...
Posted On 29 Mar 2011
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Emergency State Could be Declared in Manabí due to Drought in Agriculture

A report – released last Thursday by the Ministry of Agriculture, Livestock, Aquaculture, and Fisheries (MAGAP in Spanish) – showed that almost 34,000 hectares have been destroyed because of a great drought in Manabi. However, last Saturday the devastation reached about...
Posted On 28 Mar 2011
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