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US State Department Sanctions Correa and Glas for Corruption

by | October 14, 2024 |

The families of the former leaders are also affected by the measure taken by the U.S. State Department. In a significant development, the U.S. State Department has announced a ban on former Ecuadorian President Rafael Correa and former Vice President Jorge Glas from entering the United States due to their involvement in substantial corruption during […]

Gas Prices Shift Amid Subsidy Reduction Plan

by | October 14, 2024 |

After five adjustments—three increases and two reductions—gasoline has risen almost $0.10 per gallon since the subsidy reduction scheme was applied. Ecuador’s government is implementing a new fuel pricing scheme to reduce subsidies and align domestic prices with international markets. Introduced on June 28, 2024, the plan has resulted in a series of price adjustments over […]

A Smooth Culture Shock

by | October 14, 2024 |

I’m sitting here in the dark, watching my laptop battery slowly drain. I’m trying to make the most of the remaining charge, working on a few things—like this column, for example. And here’s the crazy thing: a week ago, I was vacationing in Europe, where the thought of a power outage didn’t even cross my […]

Ecuador’s Ongoing State of Emergency Leaves the Nation Battling Crime and Poverty

by | October 14, 2024 |

Half the country remains trapped in an ongoing state of emergency, facing escalating crime, widespread poverty, and judicial pushback. Since taking office, President Daniel Noboa has found his administration engulfed in a persistent state of crisis. His term has been defined not by bold policy achievements but by repeated declarations of emergency, primarily driven by […]

Energy Reform Bill Gains Momentum Amid Political Tensions

by | October 14, 2024 |

President Noboa’s energy reform bill aims to raise the private energy generation cap to 100 MW amid ongoing blackouts. President Daniel Noboa’s latest energy reform proposal is poised for potential passage in Ecuador’s National Assembly, despite a strained relationship between the Executive and Legislative branches. The bill, designed to alleviate the ongoing energy crisis marked […]

Automotive Market Faces Deepening Sales Crisis

by | October 14, 2024 |

The Ecuadorian automotive market is in steep decline, with car sales showing a sharp drop across the board. In September 2024, automotive sales plunged by 23.3% compared to the same month in 2023, reflecting a growing reluctance among consumers to make new purchases amid worsening economic conditions. Figures from the Internal Revenue Service (SRI) reveal […]

Constitutional Court Clears the Way for Legalizing Ride-Hailing Apps

Published on October 14, 2024

Facebook Twitter Google+ LinkedIn The Constitutional Court of Ecuador has struck down a section of the country’s criminal code that penalized ride-hailing apps like Uber, calling on the National Assembly to create formal regulations for these services. Since apps like Cabify, DiDi, InDrive, and Uber entered the Ecuadorian market in 2017, they’ve operated in legal […]

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