The coronavirus pandemic has affected the economies of countries on all continents, and its aftermath will last thru the end of next year, according to two reports released last week from the World Bank and the Bank of Spain. The World Bank estimates that the region's...
In our “Updates” feature, we follow up on some of our most read stories over the last few weeks. Our goal is to bring our readers up to speed on any news that adds to, changes, or increases the impact of previous topics we’ve covered. Update to: Gasoline prices stay the same, but diesel fuel […]
Tracking the spread and outcome of the coronavirus in Ecuador: UPDATED FOR TUESDAY, OCTOBER 13, 2020 Now in the third week since national restrictions were lifted, it appears that Ecuador continues to have incremental improvement in reducing the spread of the coronavirus in the country. However, what we are also seeing at this point is […]
The world is facing an economic crisis as a result of the coronavirus pandemic, but in the case of Ecuador, the difficult situation in this area preceded it, which is why it has been hit harder than other countries. As a measure to obtain resources, the Government has requested money from international organizations, including the […]
The coronavirus pandemic, and its resulting quarantines and mobility restrictions, accelerated the use of digital services that some Ecuadorian banking institutions had already been gradually implementing. Before the COVID-19 pandemic hit Ecuador, it was estimated that four out of ten transactions were made by digital means—now some banks are reporting levels almost 50% higher than […]
This week, the government announced its plan to give seniors refunds for the value added tax (VAT) automatically, at the point of purchase In a new resolution (#059 from September 28th), the Internal Revenue Service (SRi) announced that this process will start shortly after it is entered into the Official Registry. SRi said that the […]
Back in July 2018, then Guayaquil Mayor Jaime Nebot toured the site of the first station being built for the city’s Aerovía transport system station. He was accompanied on his tour by Cynthia Viteri, then Community Management advisor for the Municipality, and now the Mayor of Ecuador’s largest city. And by all accounts, Mayor Viteri […]
Court gives way to protection action to avoid fire station in Illincocha On Thursday afternoon last week, the Cuenca Criminal Guarantees Court gave way to the protection action presented in the Illincocha case, to stop a construction of the Fire Department in that sector of the Cajas National Park. The action was presented against the Fire Department and the Ministry […]
I have only used the space of this column to reprint a story someone else has written, three times in 4 years. But I read this article yesterday and have passed it on to many people in my circle of friends. I came to think that this is something that I should offer to all […]