Facebook Twitter Google+ LinkedIn In the third quarter of 2023, Ecuador’s new car sales experienced a significant decline for the third consecutive month. Political uncertainty, heightened insecurity, and escalating insurance costs have collectively impacted the automotive market. According to the Chamber of the Automotive Industry (Cinae), in September 2023, only 10,725 vehicles were sold in […]
Ecuador’s auto industry experiences slow-down in 2023 sales
Published on October 17, 2023
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Between August and October, Daniel Noboa made significant political gains, capturing 39 cantons from Correísmo. This strategic shift was observed in the second round of elections, where Noboa not only retained his own victories but also secured 28 cantons previously won by other candidates. In this crucial second round, Daniel Noboa emerged victorious in 16 […]
The IMF’s Caution Against Tapping into International Reserves in Ecuador’s Dollarized Economy
Having just elected a new President, Ecuador is now faced with the challenge of determining if it can tap into its international reserves to fulfill his campaign commitments. In a recent address on October 13th, Rodrigo Valdés, the director for the Western Hemisphere at the International Monetary Fund (IMF), emphasized the inadvisability of utilizing international […] 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!
Drug gang alliances in Ecuador tap into Mexican cartels and European mafia
The alliance between Tiguerones, Lobos, Mexican cartels, and the Albanian mafia has led to widespread insecurity in Ecuador. In recent years, Ecuador’s criminal landscape has witnessed a surge in influence orchestrated by the unholy union between local gangs, Mexican cartels, and the Albanian mafia. This confluence of criminal entities has propelled Ecuador into the throes […]
Prosecutor’s office says the investigation ‘for the intellectual authors’ of Villavicencio assassination continues with US help
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A quick thought on victory
I am jotting down my thoughts from Denver, Colorado, basking in the glorious autumn breeze while savoring a cup of coffee on my buddy’s backyard deck. Daniel Noboa’s triumph yesterday in Ecuador’s Presidential race yesterday, is bringing me immense joy this morning. My stance on the Correístas is no secret, so my elation over Noboa’s […] 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!
BY Asesores de Seguros steals over $7 million after promising investors 9% returns
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Coral parent Grupo Ortiz to invest $40 million in a new Cuenca mall
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