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Tariff increase to 400 products, under analysis

Ecuadornews:     Foreign Trade Minister Pablo Campana announced yesterday his plans of raising the tariff of 400 imported products by up to five percentage points. The decision took by surprise part of the local businessmen. Of the 1 243 products that came under review...
Posted On 30 Jun 2017
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Guilds insist on repealing the compensation regulation

Ecuadornews:     Associations of public servants and retirees will appeal for the repeal of Agreement 94 of the Ministry of Labor – issued last May 22, which modified the conditions for the payment of compensation for the retirement of public workers. The Network...
Posted On 30 Jun 2017
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Pro-Government legislators anticipated that trial against Jorge Glas should not be qualified

Ecuadornews:     The opposition must pass three filters so that the request for the political trial against vice president Jorge Glas arrives at the plenary of the Legislature. The first filter is the Legislative Council of Administration (CAL for its Spanish acronym)...
Posted On 30 Jun 2017
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The list of accounts payable accumulates

Ecuadornews:     Accounts continue to grow. The government of Lenin Moreno passed its first 30 days between dialogues and new bills to pay. The figures published by the administration of former President Rafael Correa left out at least $ 5.686 million dollars that now...
Posted On 30 Jun 2017
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Ecuador sinks deeper as a junk bond

Ecuadornews:     Ecuador’s difficulties in tackling its level of indebtedness and limited funding alternatives have further deteriorated the country’s position as a junk bond. International rating agency Standard & Poor’s (S & P) yesterday...
Posted On 30 Jun 2017
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59 opposition signatures request the impeachment of Jorge Glas

Ecuadornews:     The CREO-SUMA alliance, supported by 59 opposition signatures, yesterday officially demanded a trial against Vice President Jorge Glas, accused of alleged embezzlement, bribery, and illicit enrichment. The request for an interpellation against Glas was...
Posted On 29 Jun 2017
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President Lenin Moreno extends dialogue to leaders of other political parties

Ecuadornews:     President Lenin Moreno intensifies his agenda of meetings and dialogues with political leaders of the country. His agenda began with the call for presidential candidates to talk about various issues, among them, a proposal to combat drugs. The president...
Posted On 29 Jun 2017
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Retirees debt reaches $ 1,123 million

Ecuadornews:     The Government owes about $ 1,123 million to retirees from the public sector. This problem has been recursive since 2010 and intensified in 2015, said Labor Minister Raul Ledesma yesterday. The figure includes the amount owed for officially admitted...
Posted On 29 Jun 2017
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Electricity ignites the first shrimp farm in the country

Ecuadornews:     Moving from plans to actions allows the transformation of dreams into money for a company that produces shrimp, not only for its cash register but for the country. Aquamar, located near the Naranjal County, is a pioneer in changing the main use of...
Posted On 29 Jun 2017
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Banks and the economic front meet for electronic money

Ecuadornews:     On Monday, June 26, representatives of private banks and the economic front held a meeting where they discussed possible agreements between the public and private sector for the management of electronic money. The expectation is centered on the...
Posted On 29 Jun 2017
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