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IESS cuts staff

On Friday, August 9, about 1250 workers of the Social Security Institute (IESS) were separated from the entity. Miguel Garcia, president of the National Federation of Public Servants (FENASEP) said that they were persons under contract or temporary appointments. These employees...
Posted On 13 Aug 2013
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Induction kitchens are tested in Tulcan

Following the announcement of the Ecuadorian regime to replace, by 2016, the Liquefied Petroleum Gas (LPG) for electricity of Ecuadorian kitchen homes. This is part of the plan to remove the gas subsidy that has already been experienced in the The parishes of Carchi as Chical...
Posted On 13 Aug 2013
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Rules for payment of tax credits are ready

The regulation designed to facilitate the delivery of Tax Credit Certificates (CAT) “is ready” and just needs to be sent to the Executive for its approval, as announced by the Minister of Production, Richard Espinosa. The guide, proposed by the Executive, will serve...
Posted On 13 Aug 2013
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Ecuador’s country risk with higher ratings

According to news agency Reuters, in Sydney, the rating agency Standard & Poor’s (S & P) awarded a better credit rating to Ecuador, taking it from stable to positive, due to better preparation of the country in meeting debt obligations. The former Minister of...
Posted On 09 Aug 2013
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Isaias Brothers declared themselves victims of media lynching

El Telegrafo “lynch us,” say brothers Roberto and William Isaias, through their legal defense, which is based on Article 26 of the recently adopted Communications Law, to denounce the publications made last week in that newspaper. The main attorney of the former owners of...
Posted On 07 Aug 2013
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Prices fell for third consecutive month in Ecuador

The National Institute of statistics and censuses (INEC) published yesterday on its website that during the month of July it was registered a deflation of  0.02%, while in June it was 0.14% and 0.22% during May. According to information released by the INEC, among the products...
Posted On 07 Aug 2013
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Inflation turned negative again

The Institute of Statistics and Censuses (INEC) reported today that during the month of July, the consumer  price index  (IPC, for its Spanish acronym) was – 0.02%, also, the variation in the past 12 months was 2.39% and the accumulated in the nine first months of the year...
Posted On 06 Aug 2013
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Municipality would assume taxes to promote shows in Guayaquil

Mayor Jaime Nebot said during the session of the Council, last July 18, that the idea that Guayaquil becomes a city destination for shows of international artists concerned him. The mayor said that the city can be also an artistic tourist destination city like Lima, but to...
Posted On 05 Aug 2013
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The government has prepared a plan to eliminate gas subsidy

Ecuadorian President Rafael Correa announced yesterday that in 2016 he will eliminate the subsidy on domestic gas once the eight new hydroelectric plants that currently are being built are operational, but he stated that the subsidies maintained by the State are not bad. He said...
Posted On 04 Aug 2013
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China positions its technology through the Expofair

Despite the language barrier, based on the catalogs of the products or through an interpreter, local and Chinese entrepreneurs  managed to communicate to make sales, build budgets and scheduling appointments, during the China Expo 2013 fair to be carried out in Guayaquil. There...
Posted On 03 Aug 2013
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