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Through the intervention of international courts, the Ecuadorian indigenous communities are demanding Chevron to pay compensation to the millionaire a local appeals chamber confirmed recently in the middle of a lawsuit against the oil company for environmental pollution...

The Ministry of Labour Relations set the Ecuadorian base salary at $ 292for 2012. The increase was mandated by the State portfolio as workers and employers failed to reach an agreement. The actual base salary, $ 264, expires this month and was raised $ 28 (10.6%). However, labor...

Jorge Montaño, national director of the Civil Registry, announced on Friday December 16 the new increase in the cost of paperwork to get citizenship papers. The procedure to get an identity card went from $ 6 to $ 10 and its duplicate will be worth $ 15. Birth certificates, which...

Last Wednesday, December 14th, the Ministry of Agriculture, Livestock, Aquaculture and Fisheries (MAGAP for its Spanish acronym) reported that 20 bananas exporting companies will be fined $80,000 because of the non-payment trough the Central Bank system, delays in their delivery...

The impetus to production, imports through tariffs and taxes increased outflow of foreign exchange (ISD) are unable to reverse the trade deficit in Ecuador, becoming a historic amount comparable with the start of dollarization in 1999. Central Bank data indicates that the total...

The Internal Revenue Service (IRS) announced that the new instructions set penalties of fines that range from $30 to $1,500 to those taxpayers to submit their wealth statement, late or not. The law applies to people with assets over $200,000, and $ 400 thousand when is marital....

Yesterday the Inter-American Bank of Development (BID by its Spanish acronym) authorized a loan of $ 50 million to strengthen the microcredit programs in Ecuador. The National Program of Popular Finances, Entrepreneurship and Solidarity Economy (Pnfpees by its Spanish acronym)...

Ministry of Agriculture of Ecuador announced that during 2012, the minimum price of banana crate will be $6.25 the first 22 weeks of this year (high season) and of least $ 4.90 during the next 30 weeks (low season). Stanley Vera, head of the government portfolio, said that with...

The Ministry of Agriculture, Livestock, Aquaculture and Fisheries (MAGAP for its acronym is Spanish), must define the cost of the banana box until next Tuesday since producers and exporters could not reach an agreement on the value of the fruit after international crisis caused a...

The Tax Payment Currency output (ISD by its Spanish acronym) generated by the importance of imported goods could be compensated with the Income Tax. The announcement was made by the Internal Revenue Service (SRI by its Spanish acronym) director, Carlos Marx Carrasco. Before the...