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In 2013, along with the increase of 8.81% on the unified basic salary  (SBU for its Spanish acronym),  the amounts on penalties for traffic violations also will increase. Now a driver who does not use the seat belt can be fined with $15.90, a sanction which until last year was...

So it was recorded on the previous weekend, according to retailers from Guayaquil City markets. Merchants from the Caraguay, Jose Mascote and Florida markets explained that the values range between 33.3% and 40%, depending on the product. The corn increased in 40%, i.e., from $...

The current government run by Rafael Correa, continually boasts of having achieved the “decline” of poverty in Ecuador. However, according to the Ministry of Economic and Social Inclusion, the number of beneficiaries of the Human Development Bond (BDH for its Spanish...

With a discount of 10%, today began the collection of property taxes for the 2013, which is why it is expected that within the first days of this month, the influx of taxpayers to the Municipality, on the Malecon Simon Bolivar and Clemente Ballen. The Municipality of Guayaquil...

An editorial titled “Banana republic vs. Chevron”, from the American newspaper Washington Times, published on December 26th, made serious questions about what they qualify as a “blatant and obscene robbery” refering to the lawyers behind the millionaire...

National Analysts says that if the U.S. government fails to control the budget deficit in 2013, it will cause a negative effect on Ecuador’s three economic sectors: exports, remittances and financing. The fiscal deficit and the looming economic recession that the United...

Although the previous December 19, following a traffic accident in Quito, he showed a card which identified him as the presidential advisor of the National Finance Corporation (CFN), Francisco Endara, brother in-law of the former president of the Central Bank, Pedro Delgado,...

Passengers who must travel domestically and internationally, from the Jose Joaquin de Olmedo Airport in Guayaquil, fromJanuary 1st, 2013, will pay 5.08 and $25.43 respectively, for airport taxes when purchasing their tickets, as a result of the decision made bu the City Council,...

For the time he was appointed as Governor of Guayas, in 2007, he kept debts with Filanbanco, bank in liquidation, and the Central Bank of Ecuador, and was in arrears with his credit card, that’s why the Bolivariano Bank decided to close his account. Because everything contravened...

Information collected by El Universo Newspaper and gathered in Barcelona (Spain) said that Ecuador does not offer facilities for starting business, so in a ranking done in the presence of 185 countries, it is ranked 169. According to data provided by the World Bank along with the...