Facebook Twitter Google+ LinkedIn The first half of 2023 has witnessed a remarkable surge in remittances from the United States to Ecuador, registering a substantial 17% increase compared to the corresponding period in 2022. The surge in remittances from Ecuadorians living abroad, as reported by the Central Bank of Ecuador, has brought in a total […]
Ecuadorians abroad are sending more money home than ever before
Published on October 10, 2023
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More from this issue
In the wake of a severe drought gripping the eastern region of Ecuador, the nation’s hydroelectric power production has experienced a significant drop, plummeting from its usual contribution of 90% to a mere 79%. This decline in power production, as reported by the National Electricity Operator (Cenace) on October 4, 2023, underscores the critical impact […]
New Megamaxi set to open in Cuenca in November
Corporación La Favorita is set to unveil its inaugural Megamaxi in Cuenca come mid-November 2023, following an extensive two-year construction effort bolstered by a substantial $35 million investment. Corporación La Favorita’s new Megamaxi is in the El Paraíso sector, in the eastern part of Cuenca, and Álvaro Rothembach, the regional manager overseeing the southern sector […]
Ecuador’s Shrimp Industry Grapples with Escalating Criminal Threats
Ecuador, the global leader in shrimp exports, finds itself in the throes of an escalating crisis as criminal activities plague the industry. Incidents ranging from daring robberies in breeding pools to armed assaults on vessels at sea have become distressingly common. This surge of violence not only jeopardizes the livelihoods of countless workers but also […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Prosecutor’s Office says witness claimed assassination of Villavicencio was ordered by “Correa government”
The Prosecutor’s Office has concluded its investigation into the tragic murder of presidential candidate Fernando Villavicencio, with its last witness’s testimony revealing how much was paid for the assassination and who was behind it. This significant development was announced by the State Attorney General’s Office on the evening of Sunday, October 8, 2023, across its […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Not so much of a surprise
Well, isn’t this a tale of intrigue! I’m talking about that bombshell dropped last night by the Ecuadorian Prosecutor’s office, claiming they’ve wrapped up the investigation into Fernando Villavicencio’s assassination. Their last witness pointed fingers at the Correa government. Timing couldn’t be more dramatic, just a week before the October 15th run-off election. This revelation […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Comptroller’s Office has identified operational deficiencies in radar systems across five cities
Update to: Municipality of Cuenca Seeks Resolution on Controversial Radar Contract Published: Volume 7, Issue 35 In Ambato for example, the Comptroller’s Office uncovered 389 cases of speeding violations due to radar typing errors. Additionally, in Cuenca, there is a lack of supporting documentation for the contractor’s investment. Upon analyzing audits conducted between 2016 and […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Colombian electricity companies ask to review electricity sales to Ecuador
Update to: Colombia’s won’t export electricity to Ecuador, government exploring other options Published: Volume 7, Issue 47 Colombian electricity companies are urging a review of electricity sales to Ecuador amid concerns of an impending energy crisis caused by a prolonged period of drought. The Colombian Association of Electric Power Generators (Acolgen) has called upon the […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Interest rates for business loans rise for the third time this year
In 2023, the landscape of credit for businesses has undergone a significant transformation, with notable shifts in interest rates and restrictions. This shift has forced companies to explore alternative avenues for funding, including direct investment and participation in the stock market. One of the most prominent changes in the credit market has been the steady […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
How to obtain Ecuador’s digital driver’s license
The introduction of the digital driver’s license marked a significant milestone in Ecuador’s efforts to modernize its licensing system. Implemented in January 2021, Ecuador’s digital driver’s license is now provided free of charge by the National Transit Agency (ANT) through its 56 agencies across the country. Its legal standing is equivalent to that of a […]
Ecuadorian exporters’ $200 million annual investment to combat ‘narco’ contamination
In an effort to fortify the security of Ecuador’s export value chain and safeguard against the perils of drug trafficking, Fedexpor, the Ecuadorian Federation of Exporters, has embarked on a monumental annual investment of $200 million. The Ecuadorian export sector, alarmed by the escalating levels of drug contamination tainting their exportable cargo, recognizes the imperative […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
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