Category

Santiago Yepez, president of the Mining Chamber of Ecuador, said the situation is delicate because foreign investors were awaiting the signature of the operating agreement between Kinross and the state to venture into new projects, however, he noted that the current scenario is...

Yesterday, the Canadian mining company Kinross announced its departure from Ecuador through a statement on its website, in which it explained that it will leave the Fruta del Norte project in the province of Zamora Chinchipe due to discrepancies in legal and economic terms with...

With the development of the project that was sent to the National Assembly for approval, the President initiated the development of the Code of Industrial Relations, to replace the current Labour Code. Why propose a new code? “Since the current is anachronistic,” was...

Nine months after the meeting of the Ecuadorian President with mining companies to define the changes to the Mining Act and make a viable sector development, the National Assembly will try on Tuesday the reforms proposed by the Executive as economic urgent, despite the...

The third and fourth salaries will be paid monthly to public workers on a mandatory basis, while private employees can choose if they want it to be paid each month or maintain the current payments, announced yesterday the Ecuadorian president Rafael Correa. The proposal is part...

According to the report released yesterday by the National Institute of Statistics and Census (INEC), the pace of price growth slowed in May recording a monthly variation of -0.22%, compared to 0.18% of last April and the -0.19% of May, 2012. In addition, the annual change in the...

The signing of two agreements with Venezuela, for the sale of essential goods, personal hygiene, machinery, technology, textiles, among others, was announced by the Minister of Commerce of Venezuela, Alexander Fleming, and Ecuadorian Foreign Minister Ricardo Patino, who led the...

The previous Saturday during his regular nation-wide broadcast, President Rafael Correa made some proposals about the project on the new Labour Code that have generated concern among trade union organizations, including the merging of the thirteenth and fourteenth salary into the...

The index of Business Confidence published monthly by Deloitte consulting company , registered an increase in Ecuador, which in may stood at 99,1 points of  250, and this score represents the highest in the last two years. Deloitte said that the confidence has increased following...

So it was stated yesterday by president Rafael Correa, who last week took his third consecutive term. The new budget, which will be approved by mid-year, will have an increase of 15% compared to last year. “By law, whenever there are elections, we have to extend the...