SRI issued the quarterly report, which shows a significant recovery in both VAT and ICE. An increase in income from equity was also reported. SRI delivered the collection figures from January to March 2022 last week. Tax collection during that period amounted to...
Spanish investigation says bribes were paid to get Quito metro contracts
The alleged irregular payments were revealed by the Spanish media outlet El Confidencial. A Spanish consortium allegedly paid bribes of at least $1.2 million to Ecuadorian officials to secure a consultancy contract for the construction of the Quito Metro. This was revealed last week by an investigation published in the Spanish newspaper El Confidencial. The Spanish Anti-Corruption Prosecutor’s Office “has […]
Spain’s National Police dismantle drug operation with roots in Ecuador
During the operation, four people linked to container import companies from Ecuador were arrested and a total of 3,500 kilos of cocaine, 250,000 euros in cash and seven high-end vehicles were seized. Last week agents of Spain’s National Police, in a joint operation with Customs Surveillance of the Tax Agency, dismantled a criminal organization dedicated […]
2022 is shaping up to be a complex year for the banana sector
Update to: Exporters buy 685,000 clusters of bananas from producers in first week of plan to affront loss of sales to Russia and Ukraine Published: Volume 6, Issue 25 The drop in Ecuador’s banana exports occurs after four years of upward trend, according to data recorded by the Central Bank. The banana sector, the second […]
Sick of being sick
I’ve been sick for the last 6 days. I had been in Denver for a week and then travelled to Florida to visit my mother before I returned to Ecuador. I started feeling sick the day after I got here. Out of caution I’ve taken 4 at-home Covid tests and they have all been negative. […]
Pastaza province, Indigenous groups collaborate on forest conservation
Pastaza province, located in Ecuador’s Amazon, has implemented a $52 million sustainable development plan working with Indigenous nations that includes their ancestral practices, knowledge, and life plans. The plan relies on curtailing dependence on oil and mining projects for economic development and implementing chakras, an ancestral agroforestry system, and conservation projects to boost food security […]
Government imports banana plants resistant to the fungus Fusarium R4T
Update to: $8 million more to be invested to prevent arrival of Fusarium tropical race 4 Published: Volume 6, Issue 22 The National Institute of Agricultural Research (Iniap) will validate the plants, through a process of agronomic evaluation, adaptability and performance. The Government imported 4,620 banana plants of the Cavendish somaclonal variety, which is a […]
Lasso’s partial veto of the rape abortion law will go to the Constitutional Court
Assembly members and constitutional experts have divided opinions on whether the Legislature has the power to refer the veto to the Court. The plenary session of the National Assembly decided to send to the Constitutional Court President Guillermo Lasso’s partial veto of the law of interruption of pregnancy in cases of rape. However, constitutional experts are divided on whether […]
Glas released from prison after serving only 4 years for three different felony crimes
Glas served 4 years of an 8-year sentence in the Latacunga prison. Glas had received sentences of 6 years, 8 years and 8 years. Jorge David Glas Espinel, former Vice President of Ecuador, left the Latacunga prison this morning, April 10, 2022, after only four years...
Cuenca’s old mansions are born again as restaurants, bars, hotels and tourist attractions
The restoration of heritage houses is booming in the Historic Center of Cuenca. Buildings from more than a century ago have become modern hotels, restaurants and terraces that are committed to the city's tourist development. Investments are in the millions and the...