Ecuador stands to lose more than $16 billion in income over the next 20 years if the Yasunidos proposal to stop crude oil production in Yasuni National Park is approved. Petroecuador's disclosure of financial information marked the start of an information campaign...
A crucial agreement reached among the political parties is their commitment to avoid impeding the process with legal disputes. The National Electoral Council (CNE) and 17 national-level political organizations reached a unanimous decision on Tuesday to revise the schedule for defining candidacies in the upcoming presidential and legislative elections. The adjustment aims to provide political […]
Some of the challenges faced by Digital Nomads in Ecuador include the country’s struggle with insecurity, limited English proficiency in banks and government offices, and excessive bureaucracy. A year after the introduction of the ‘Digital Nomad’ visa in Ecuador, the...
The pace of foreign tourist arrivals to Ecuador is slowing down due to insecurity and political instability, leading to cancellations of tourist packages for the remainder of the year. While the country’s receptive tourism (i.e., entry of foreign tourists) had been steadily recovering since 2022, recent challenges have hindered its growth. According to the Ministry […]
Favorita Corporation’s $30 Million investment brings first Megamaxi store and new shopping center to Cuenca
Update to: Construction of Megamaxi begins in Cuenca and will bring hundreds of new jobs Published: Volume 5, Issue 47 Expansive new mall with over 52,000 m² set to open by year's end. Favorita Corporation is constructing a shopping center in Cuenca, which will house...
Update to: Judiciary dismisses the judge who ordered the release of Glas and Salcedo Published: Volume 7, Issue 12 The former jurist was famous for illegally ordering the release former Vice President Jorge Glas. The Court of the Provincial Court of Manabí has sentenced former judge Banny Molina to one year in prison due to […]
Update to: Avianca will begin offering New Quito-New York route in June 2023 Published: Volume 7, Issue 19 Starting June 15, 2023, Avianca, the Colombian airline, will introduce a new non-stop route between Quito and Cancun. The route will have three weekly flights, scheduled for Tuesday, Thursday, and Saturday. According to a statement released by […]
The President presented his second report to the nation on May 24th at the Social Platform building, south of the capital. For the first time in Ecuador’s history, a President of the Republic did not present his annual state of the nation speech in front of the National Assembly. President Guillermo Lasso instead delivered his […]
I figured out what Lasso did wrong. He waited too long to tell everyone what he has done. He should have given a weekly radio address on the same frequency that Correa uses in exile. I just read the full text of his recent “State of the Nation” speech, and I must admit that even […]
New law could dramatically increase small and medium-sized enterprises (SMEs) exports to the United States. The Ecuadorian American Chamber of Commerce (AMCHAM) is actively promoting a bill that seeks to designate Ecuador as a beneficiary of tariff preferences under the Law of Economic Recovery of the Caribbean Basin. Presented by US Senators Bob Menéndez (Democrat) […]
The city of Cuenca is facing an increasing sense of isolation as the threat of landslides looms, posing a risk of severing all access roads to and from the city. Landslides in Azuay have severely hindered traffic, causing significant disruptions and challenges for travelers in the province. The Molleturo-El Empalme road and the Girón-Pasaje road […]