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Yasunidos denounce a “Government boycott”

So says the environmental group Yasunidos last Sunday regarding its campaign of collecting signatures for the decision to wheter or not to extract oil from an area of ​​the Yasuní nature reserve, to remain in hands of the people. The complaint comes after an alleged plagiarism at...
Posted On 17 Mar 2014
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Ecuador Chamber of Commerce promotes business in China

On the eve of the Canton Fair 2014 to be held on Thursday, April 10 in the city of Guangzhou, the Chamber of Commerce Ecuador-China has begun promoting trade missions between the two countries. That is why in order to encourage employers to participate, the Chamber presented on...
Posted On 17 Mar 2014
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Assembly approves Corporate and Stock Sector Law

The Organic Law draft for the Strengthening and Optimization of Corporate Sector and Securities, issued by the Executive, was approved yesterday with 100 votes in favor, in plenary session of the Assembly. With this, nine laws relative to the stock market were reformed within the...
Posted On 14 Mar 2014
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Protests over mandatory affiliation

“Down with Resolution 464” stated posters and boards of hundreds of people that marched on Thursday through the center of Guayaquil claiming irregularities on the social security. The event included members of associations such as the members of the peasant insurance,...
Posted On 14 Mar 2014
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Deposits of closed banks are paid by the BCE

The Central Bank of Ecuador (BCE) announced that from March 10 began the payment of the amounts of those people who maintained deposits in the bank accounts of financial institutions closed by the 1999 crisis. The institution said that these days the influx of people is permanent...
Posted On 13 Mar 2014
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Exploitation of Yasuni would be priority for the Government

According to government calculations, it is estimated that the development of the Ishpingo, Tambococha and Tiputini (ITT) fields is the most feasible project in oil revenues in short term and that would guarantee better economic returns. These fields located in the Yasuni...
Posted On 12 Mar 2014
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In 2016, 90% of the energy will come from hydroelectric projects

By 2016, 90% of the energy needed by the country, will come from hydroelectric projects, said Minister of electricity and renewable energy, Esteban Albornoz, in an accountability act held yesterday in Cuenca. He stressed that with the 8 hydroelectric megaprojects running in the...
Posted On 12 Mar 2014
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Platforms for the exploitation of natural gas are installed open sea

The goal of the State Corporation Petroamazonas to double the production of natural gas, with the drilling of new additional wells to the 6, 7, 8, 11 and 12 existent in full operation in the Amistad field, in “El Oro” maritime platform, is on the right track. Two of...
Posted On 11 Mar 2014
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IESS explains that proffesional memberships are not mandatory

This morning the authorities of the Ecuadorian Institute of Social Security (IESS), convened a press conference to clarify the issue regarding whether if the affiliation for workers without subordination relationship is mandatory or not. The chairman, Fernando Cordero, said the...
Posted On 11 Mar 2014
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Peru seeks solution against ecuadorian standards

According to Peruvian exporters, sales fell down a 17.9% in January 2014 compared to the last year, due to the measures taken by the Ecuadorian Government in December 2013 to require a new certificate to ensure quality in imported products. This measure would affect peruvian...
Posted On 10 Mar 2014
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