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On Wednesday, the government of Rafael Correa plans to launch the XI Oil Grand Round that will include bidding of 16 oil blocks in the South East (Pastaza and Morona Santiago), of which 3 are for the state contest of state-only companies and 13 are for private participation. The...

The plenary of the National Assembly passed, with 54 votes in favor, two against and 27 abstentions, the veto sent by President Rafael Correa to the Repeal Law to the Credit Information Bureaus Law, thus disappearing the Credit Bureau to give free pasage for the Credit Data...

The Minutes of Meetings of the tripartite body made up of a workers’ representative, an employer’s and one from the Ministry of Labour Relations, revealed that the National Wages Council (CONADES for its Spanish acronym), established the salary increase percentages in 20 of...

After a public communication of the media, there was a completed disagreement with the proposal of the government that was sent to the Assembly regarding the project of the Organic Bill of Social Expense Re-distribution, which creates new taxes. The Guayaquil Chamber of Commerce,...

Due to the intense debate by the law of Social Expense Redistribution in the National Assembly, has caused a series of doubts between the customers of the financial sector. For this reason each bank decided to send letters to their customers to explain the posture of the project...

The tax reform proposal sent by the Executive Power to raise the Human Development Bond (BDH for its Spanish acronym) from $ 35 to $ 50 represents $ 1,096 million to the State only in 2013. According to the National Secretary of Planning and Development (SENPLADES for its Spanish...

On the occasion of “Day of the Dead” holiday, several interprovincial transportation cooperatives in Ecuador said that the demand for tickets has increased considerably between Tuesday, Wednesday and Thursday. The beaches are one of the favorite destinations for the...

The first debate of the Project of Re-Distribution Social Expense Bill will be carried out on November 8, in the Main Assembly. According with the scheduled periods by the Economic and Tributary Commission of the Assembly, the report of the first debate would be ready for the...

Today at 16:30 (GMT) the Prosecutor Commission will met to give the final report on case COFIEC. Silvia Salgado, an assemblywoman that currently presides the Commission, made the official calling on Saturday. The written report is without the appearance of Pedro Delgado, the...

Francisco Alarcon, alternate representative of the Chamber of Industries of Guayaquil, said that if the the Organic Draft Law for the Redistribution of the Social Expenses is approved, it would reduce the banking capacities to grant loans, and it could also affect other sectors....