Update to: Online purchases flowing into Ecuador via 4×4 shipments Published: Volume 5, Issue 7 As of this past Monday, Ecuadorian purchases from abroad that are delivered through the ‘4×4 mechanism’ are tariff free up to $1,600 per year. This was established by the...
Some 30 people denounced a counseling agency that offered them work visas for the United States for $20,000. The offer on social networks was tempting: “Work in the United States legally.” This is how Marco, a native of the Azuay canton of Sígsig, remembers it, who in...
The cost of the products that make up breakfast is an indicator that shows the increase in prices of some foods in Ecuador. Although Ecuador's inflation is the second lowest in the region, after that of Bolivia, the prices of some foods such as bread, milk and eggs...
Update to: Bloody riot in Santo Domingo de los Tsáchilas prison leaves 44 dead Published: Volume 6, Issue 31 He was 46 years old and ran a gastronomic service business in Quito , together with “brothers” from the organization. Manuel Zúñiga or ‘King Majestic’ served as president and legal representative of the Latin Kings in Ecuador. Manuel Zúñiga or ‘King Majestic,’ his partner and his […]
Update to: 2022 is shaping up to be a complex year for the banana sector Published: Volume 6, Issue 27 The Ministry of Agriculture and Livestock (MAG) and BanEcuador presented a proposal to ease the financial pressure faced by banana producers due to the war between Russia and Ukraine, which has affected fruit exports. The proposal outlines […]
Wow, gasoline in the US hit $4.11 a gallon in the US last month. Imagine what that does to the average American’s ability to spend on other critical items like food, utilities and other forms of transportation. I’ve read a lot about the anger this is generating back ‘home.’ And from the political cartoons, this […]
The good economic environment leaves room for an increase in public spending in the second half of 2022, say Barclays and Bank of America. Ecuador will not need to issue debt bonds on the international market in 2022, due to the rise in oil prices, a good macroeconomic performance and the support of the International […]
The first disbursement in June will be of $1 billion dollars. Ecuador will access a new disbursement of one billion dollars by the International Monetary Fund (IMF) that “the authorities would use for budget support.” The money will come after it is approved by the IMF’s executive board, according to a statement from the multilateral. By the end of the year, the […]
Proposal for rules for leasing real estate for tourist use, released on Tuesday, May 10th, generated support and criticism, acknowledges Minister Niels Olsen. The draft of the Regulation for the Leasing of Properties for Tourist Use that the Ministry of Tourism disclosed on Tuesday, May 10th, was suspended due to lack of consensus, the Minister of Tourism, Niels Olsen, reported […]
Three people were arrested for the alleged murder of Miguel Ángel Nazareno, known as Don Naza, the founder of the illegal money pyramid scheme called Big Money. Nazareno was found dead in Amaguaña, a rural parish in Quito, in mid-April of this year. According to the Police, Nazareno died from a gunshot wound in his left thigh. Last Wednesday, the Ministry of the Interior announced that […]