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Yesterday afternoon, the Coordinating Minister of Production, Nathalie Cely, announced that 10 days is the deadline to present the plan to support exporters to avoid the Trade Preference Act (ATPDEA). Mauricio Peña, Deputy Coordinator of Production, has not ruled out implementing...

Yesterday afternoon, third Criminal Chamber of Guayas resolved the outstanding issues on the verdict in the National Brewery (CN in Spanish) case. Deadline runs funs from today for this company which has to pay $ 90.9 million to more than 1,300 former workers who have had unpaid...

The Ecuadorian National Brewery (CN in Spanish) accused the court for trying to deny them their right to put the extraordinary action of protection that the law empowers them, after the resolution imposed by the third Criminal Chamber of Guayas against the company which...

A report – released last Thursday by the Ministry of Agriculture, Livestock, Aquaculture, and Fisheries (MAGAP in Spanish) – showed that almost 34,000 hectares have been destroyed because of a great drought in Manabi. However, last Saturday the devastation reached about...

Today, several members of the Guayaquil Chamber of Commerce (CCG in Spanish) held a breakfast to arrange an alliance with the International Chamber of Commerce (ICC) and agree a way to boost the foreign trade of Ecuador. The purpose of this agreement is to be more involved in...

The uncertainty of the former National Brewery (CN in Spanish) workers is becoming more intense as their date for utilities payment it’s constantly being expanded. Chairman of the Board, Roberto Guevara Elizalde, said yesterday that the 48-hour period “has two readings,...

After the period of 48 hours set last Friday by the ruling expired in favor of former National Brewing of Ecuador (CN in Spanish) workers, the company must pay until this midnight more than 90 million for unpaid utilities, according to the ruling of the third Criminal Division of...

During this afternoon, Alvaro Noboa addressed to the economist Carlos Marx Carrasco and the SRI people with a brief press conference. Noboa stressed: “I’m neither legal agent nor director of Exportadora Bananera Noboa S.A. ” Noboa expressed that it is...

Bananera Noboa was charged 90 million dollars by an IRS gloss from 2005. Other banana companies like: Chiquita, Dole, Del Monte, enterprises that are larger than Bananera Noboa, have only been charged with $250,000, which is an average cost. I do not believe they should be...

Since Rafael Correa assumed presidency, one of his primary goals was to equate salaries in the public sector, which is why he reduced his salary by 50% (from $ 8,000 to $ 4,000). According to the scale of the Ministry of Labour Relations, which annually adjusts public workers’...