The reform includes the creation of a disciplinary regime, which establishes offenses and sanctions for inmates who commit offenses. It also modifies the criminal types of extortion, intimidation, robbery and others. The legal reforms on security finally made it out...
I love NFL football. Love it. I watch as many games as I can during the season. And I’m constantly amazed at how athletic the players are now. Without fail, in almost every game, someone makes a play that even the game announcers can’t believe. Case in point, last night pay-by-play commentator Chris Collinsworth—who himself […]
The Cuenca Cantonal Council approved a new Land Use and Management plan, in which new spaces for the industry are identified. At the beginning of 2023, Cuenca will have a total of 341 hectares of industrial land, almost double that of 10 years ago, when the Territorial Planning plan registered 163 hectares for industry and […]
Economists and multilaterals predict growth rates between 2% and 3%. In recent years, the Ecuadorian economy has experienced low growth. In 2023, that trend will continue. International and national organizations estimate that the growth of the Ecuadorian economy in 2023 will be between 2 and 3%. However, these projections could change depending on what happens in the coming months — as happened in […]
At the end of the most violent year in Ecuador’s history, Juan Zapata, Minister of the Interior, analyzes the causes of the security crisis. In 2022, Ecuador closed with around 25 deaths per 100,000 inhabitants. According to Juan Zapata, Minister of the Interior, most of these homicides were registered in the provinces “that are on […]
According to the Central Bank, household consumption represents about 65% of Ecuador's Gross Domestic Product (GDP). The Gross Domestic Product (GDP) of Ecuador grew 3.2% in the third quarter of 2022, mainly due to an increase in household consumption. Family spending...
The Government plans to reduce taxes on Foreign Currency Outflow (ISD) and Special Consumption (ICE) to boost the economy. Negotiating five trade agreements and reducing taxes for the productive sector are some of the primary goals that the Government has set for itself in 2023. Ecuador has already closed the negotiations of two such treaties. […]
To enter the Pacific Alliance as a full member, Ecuador needs a treaty with Mexico, a goal that has been complicated by the lack of consensus on the entry of shrimp and bananas. After the negotiations of the trade agreement between Ecuador and Mexico reached a point...
Update to: Conaie and the government disagree on results of dialogue, Fenocin threatens another national strike Published: volume 6, Issue 48 The Confederation of Indigenous Nationalities of Ecuador (Conaie) has called for a national assembly to define a strategy to curb formal mining in Ecuador. The assembly will be held on Thursday, January 12, 2023, […]
Update to: More than 24% of migrants arriving in Mexico are Ecuadorians Published: volume 6, Issue 4 Mexico has confirmed that Ecuadorians would continue to need a visa to travel to that country. In mid-December, the Mexican Embassy in Ecuador enabled around 4,500 appointments on its website to request this document in January, February and […]
Amid a prolonged dry season that the cities of the country’s Sierra Sur are experiencing, an unusual hailstorm covered the Cajas National Park in Cuenca with ice. The rains are not expected to reach that part of the country until mid-January. The cities of the Austro region have been experiencing atypical weather conditions since the […]
Update to: The country risk grew due to fears of further drops in the price of oil Published: Volume 6, Issue 52 The country risk reflects the uncertainty due to the political situation as of the June 2022 strike, according to the Ecuador Central Bank. The drop in the price of oil also plays a […]
The plan for a multi-purpose train is all but scrapped. The Government will rehabilitate six sections of the original railway system for tourism purposes. The steam and the sound of the locomotives of the Ecuadorian train will return in 2023, says the Minister of...
This is one of the priorities of the Ecuadorian government. The Ecuadorian government began 2023 announcing that it concluded the negotiations for a free trade agreement (FTA) with China. According to the Ministry of Production, the free trade agreement with China will allow preferential access to 99% of Ecuador’s current exports to China. Meaning that they will have fewer tariffs […]
According to the Ministry of Tourism, Ecuador registered income of $480 million during the 10 holidays of 2022. The New Year’s holiday generated $62 million. The tourism sector in Ecuador achieved a record collection figure during the 2022 holidays, with estimated income of $480 million. This is $94 million more than in the same period […]