Prosecutor Leonardo Alarcón indicated that the involvement of the Vice President was determined based on the complainant's version and telephone information. The Nene case, which is being investigated for alleged influence peddling in the Vice Presidency of the...
What are the safest places in Ecuador? In 25 cantons across 11 provinces, there have been no violent deaths since at least 2010. The record of violent deaths in the cantons of Ecuador has been public since January 2010, with the latest update in April 2024. In those...
Nearly 1.1 million private cars use Extra and Ecopaís gasoline. Additionally, 814,976 motorcycles use gasoline. President Daniel Noboa is analyzing the elimination of the gasoline subsidy. The Government of Daniel Noboa is advancing the plan to eliminate subsidies for Extra and Ecopaís, which could yield an income of about $630 million a year. But how […]
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Obviously, the biggest story in TCD this week is about the Nene case. The case is being transferred to the National Court because there is supposedly evidence that Vice President Abad was involved in the bribery scheme. Of course, this mean that the Correístas, who are now backing Abad, are going to claim that these […]
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Projection is to produce 22,000 vehicles and generate 750 jobs alongside greater production of auto parts: a sector facing upheaval after the panned departure of General Motors. The Ecuadorian automotive industry is undergoing significant changes with new investments...
The Vice Minister of Governance, Esteban Torres, asserted on June 5th that an “anti-Noboa” and “anti-government” majority has formed in the Assembly. On June 5th, the Government reacted to recent events in the National Assembly, including the call for President Daniel Noboa to delegate Vice President Verónica Abad to his office. In response, Vice Minister […]
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The fuel subsidy, a legacy of the military regime, has persisted despite significant shifts in economic and oil landscapes since the 1970s, proving a challenge for successive Presidents of the Republic. Introduced in Ecuador in 1974 under the military regime led by General Guillermo Rodríguez Lara, the controversial fuel subsidy coincided with a period of […]
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Vice President Verónica Abad has garnered unexpected support from the Correísta faction in the Assembly, positioning her as a potential replacement for President Daniel Noboa in the 2025 campaign. Hints of alignment between Vice President Verónica Abad and Correismo have surfaced in the National Assembly, with the Citizen Revolution (RC) bloc now backing Abad to […]
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The increase in VAT and the elimination of gasoline subsidies would raise annual inflation to 3.5% to 4% in 2024. The initial forecast was 2.1%. The manager of the Central Bank of Ecuador (BCE), Guillermo Avellán, announced that the first disbursement of the credit obtained with the International Monetary Fund (IMF) arrived in the State […]
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In a recent interview, the Ecuadorian Minister of Energy indicated that propane gas and diesel fuel are not going to be touched and that currently, 70% of extra gasoline and Ecopaís subsidies are going to people who earn more than $900. The acting Minister of Energy, Roberto Luque, explained the reasons why the Government is […]
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