Cristian Zamora won a close contest for the Mayor of Cuenca. The representative of the Democratic Left only secured 18.56% of the votes. The next mayor of Cuenca, Cristian Zamora, is 42 years old. He entered politics 18 years ago. He is an industrial engineer and has...
Almost half of record 2022 tax collection in Azuay came from large companies
In 2022, tax collection in Azuay increased by 21% compared to the previous year. It was also up 27% from 2019, the year before the Covid-19 pandemic. Tax collection in Azuay increased by 21% in 2022, compared to what was collected in 2021. The province contributed $888.7 million, according to figures published by the Internal […]
“What happened on Sunday was a call from the people to the Government and we are not going to evade that responsibility,” said Guillermo Lasso about the defeat of the eight referendum questions.
The president called on the entire political leadership of the country to “build a great deal.” Ecuador President Guillermo Lasso ended the silence he’s been observing since the end of the elections held this past Sunday, and spoke on Monday night about the official data, which up to now reflects that none of the eight […]
Avian influenza in Ecuador leads to over 1.2 million poultry deaths
A vaccination plan for poultry against avian influenza will begin in the provinces of Cotopaxi, Tungurahua and Pichincha. Vaccination against avian influenza (or HPAI) will begin in the next eight weeks, reported the Minister of Agriculture and Livestock (MAG), Bernardo Manzano. During an initial phase, more than two million birds will be immunized in the […]
Lasso: “We are going to continue fighting corrupt, bad judges”
Update to: The Court of Justice of Guayas revokes habeas corpus to alias ‘JR’ Published: Volume 6, Issue 31 The President of the Republic, Guillermo Lasso, announced that the Government will not allow the release of the leader Los Choneros, Junior Roldán Paredes, alias ‘JR.’ President Guillermo Lasso reacted to the order issued by a […]
Too bad we aren’t just talking about silent films
“The lunatics have taken over the asylum.” Richard A. Rowland, who was the head of Metro Pictures, first used this expression in 1919 when the famous silent-movie stars Charlie Chaplin, Douglas Fairbanks, Mary Pickford and director D.W. Griffith opened the movie company United Artists, to protect their work and control their careers. United Artists went […]
Cuenca’s new wastewater risks losing funding
Cuenca has needed a second wastewater treatment plant since 2015. Although it has financing, the tender has been on hold for 19 months. The tender for a new wastewater treatment plant in Cuenca has been on hold for 19 months. This process began in June 2021, but the Telecommunications, Potable Water and Sewerage Company (Etapa), […]
Illegal gold mining grows as drug traffickers expand reach
According to the Government, illegal mining is growing because it receives more and more money from drug trafficking, which is why it has been declared a threat to national security. There are illegal mining camps in 17 of the 24 provinces of the Coast, Sierra and in the Amazon of Ecuador, according to the Agency […]
Insecurity and extortion are pushing Ecuadorians to risk crossing the world’s most dangerous jungle
Ecuadorians make up the second largest group trying to cross the Darién jungle to reach the United States. In a recent interview, Cristina Zugasti, representative of Doctors Without Borders in Panama, talked about the physical and emotional impact that migrants...
Relaxed requirements lead to almost 20,000 new Ecuadorian companies in 2022
In 2022, 19,601 companies were created, that is, 19% more than in 2021, according to the Superintendency of Companies. In 2022, a total of 19,601 companies were incorporated in Ecuador, which represents a growth of 18.7% compared to 2021. This is reflected in the statistics of the Superintendence of Companies, Securities and Insurance. The percentage […]
Three supermarket groups invested heavily in Cuenca during the Covid-19 pandemic
The largest private money investments in Cuenca since the start of the pandemic have come from three groups: Corporación Favorita, Grupo Ortiz and the Conorque company. One of the most important is the construction of a Megamaxi, the first in the city. Three economic groups have invested in Cuenca in the last five years to […]
UN projects Ecuador to have second lowest inflation rate in South America in 2023
Ecuador will have the second lowest inflation rate in South America in 2023, behind Bolivia, and the lowest rate in all of Latin America in 2024, according to the United Nations report. Ecuador will likely see inflation of 3.5% in 2023, according to the report World...
Unemployment falls in 2022, with Cuenca leading the way
Cuenca unemployment falls, while Quito has the largest number of people without work. In the fourth quarter of 2022, Cuenca unemployment—at 3.9 %—fell more than anywhere else in the country. This represents a decrease of 2.7 percentage points compared to the last quarter of 2021. Cuenca has the second the lowest number of unemployed citizens […]
First ISD reduction in 2023 begins on February 1st
Update to: Lasso decrees reductions of VAT, ICE and ISD taxes Published: Volume 7, Issue 15 The Foreign Currency Outflow Tax (ISD) rate will drop from 4% to 3.75% as of February 1st, 2023. The rate will be down to 2% by the end of the year. The Foreign Currency Outflow Tax (ISD) rate dropped […]