Having traversed the globe for more than ten years, “Van Gogh Alive” finally makes its highly anticipated debut in Cuenca. This momentous occasion follows its Ecuadorian premiere in Quito, back in January 2022.
New Air Routes on the Horizon for Ecuador Amidst Regulatory Updates
Ecuador’s aviation sector is poised for expansion in 2024 with the introduction of new local air routes, accompanied by regulatory updates aimed at enhancing user protection and industry competitiveness. As the Ministry of Tourism gears up for these developments, stakeholders anticipate significant growth and improved services for travelers.
Ecuador lost just over a million hectares of forest formations in 38 years
by Antonio José Paz Cardona on February 23, 2024 In the Ecuadorian Amazon, the accelerated growth of mining is worrying. In 2022 the activity reached 8,896 hectares. Between 2021 and 2022 alone, 1,405 new hectares were detected, equivalent to almost 2,000 professional...
Government Braces for Oil Production Plunge with ITT Closure and Investment Stagnation
Ecuador’s oil production faces a significant setback as the closure of the ITT oil field looms, bringing production levels back to those seen in 2003.
A – B = ?
Lately, I’ve been feeling pretty upbeat about Ecuador’s direction. We’re seeing a drop in crime, a significant decrease of over 50% in murders, and even a noteworthy 500-point dip in the country’s risk-rating since Noboa’s tenure began. But I’ve got to admit, the stories I read in this week’s issue have left me somewhat uneasy. […]
Update: Country risk below 1,500 points
The country’s indicator stands at 1,498 points, marking the lowest level during Daniel Noboa’s three-month tenure as the head of government.
2024 Budget Proforma Reveals Noboa’s Challenge: Securing Billions in New Loans
The government’s loan requirement for 2024 stands at $10.992 billion, representing a $3.415 billion increase from the previous year’s planned amount.
Russia-Ecuador Diplomatic Tensions Dissipate as New Opportunities Emerge
Following three weeks of strained diplomatic relations, the discord between Russia and Ecuador has finally subsided, marking the beginning of a new phase in their interactions. The government of Vladimir Putin now seeks to revive dormant projects with Ecuador, putting aside recent disagreements.
Drone Plants 1,500 Trees in 15 Minutes to Combat Deforestation
This new technology can plant seeds 200 times faster than traditional methods.