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All but one Presidential candidate have scheduled interviews with SRI next week for tax ‘discrepancies’

All but one Presidential candidate have scheduled interviews with SRI next week for tax ‘discrepancies’

by | July 3, 2023 |

Seven out of the eight presidential candidates vying for the upcoming elections in the Republic are set to face scrutiny over their tax payments. The Internal Revenue Service (SRI) has scheduled appointments with these candidates as part of their tax payment control process. Francisco Briones, the director of the SRI, revealed that seven candidates have […]
Arcotel foolishly halts negotiations with Claro and Movistar due to its own data provision failure

Arcotel foolishly halts negotiations with Claro and Movistar due to its own data provision failure

by | July 3, 2023 |

The renegotiation of contracts between Claro and Movistar, two major mobile telephony operators in Ecuador, is currently at a standstill as their 15-year concessions are about to expire. The Telecommunications Regulation and Control Agency (Arcotel) suspended the renegotiation process with Claro and Movistar on May 24, 2023, for a duration of 120 days. The reason […]
Buildings continue to sprout up in Cuenca while facing the risk of more supply than demand

Buildings continue to sprout up in Cuenca while facing the risk of more supply than demand

by | July 3, 2023 |

Strong investments promote the construction of residential projects in Cuenca, but the sector is concerned that demand will not grow at the same rate.  The construction sector in Cuenca is experiencing a boost in residential projects, driven by strong investments. However, there are concerns that demand may not keep up with the rapid growth. After […]

Latam adds more flights to its Quito-Cuenca route

by | July 3, 2023 |

Update to: Air passenger traffic grows in Quito after the pandemic Published: Volume 7, Issue 16 Latam Airlines has increased its flight frequencies between Quito and Cuenca, further enhancing the air connection between the two cities. Starting from Monday, July 3, 2023, there will be a total of 28 weekly flights on this route, with […]
Celec needs to expand electricity capacity by 1,000 megawatts to accommodate mining concessions

Celec needs to expand electricity capacity by 1,000 megawatts to accommodate mining concessions

by | July 3, 2023 |

The state holding company is considering partnering with mining companies to develop new electricity generation projects. Corporación Eléctrica de Ecuador (Celac), the state holding company in Ecuador, is actively seeking partners to collaborate on new power generation projects. The aim is to increase the country’s generation capacity by 1,000 megawatts to meet the growing demands […]
Ecuadorians can apply for four kinds of legal migration to the US

Ecuadorians can apply for four kinds of legal migration to the US

by | July 3, 2023 |

Ecuadorians who aspire to migrate to the United States have four main legal pathways available to them. Many don’t need to risk their lives in dangerous desert crossings with ‘coyotes.” According to a recent survey conducted by the Interdisciplinary Development Consulting (CID Gallup), 47% of Ecuadorians expressed their desire to migrate to the United States […]
It’s time to get serious

It’s time to get serious

by | July 3, 2023 |

In case you haven’t figured it out, when I write about something that is going to be in the current issue of The Cuenca Dispatch, it’s because I get an advanced copy each week so that I can see if anything in it raises the hackles on my neck. And so…let’s talk crime. Wow, how […]

Ecuador’s GDP grew a mere 0.7% in the first quarter of 2023

Published on July 03, 2023

Facebook Twitter Google+ LinkedIn Update to: Growth of Ecuadorian economy expected to be minimal in 2023 Published: Volume 7, Issue 14 The unremarkable growth in first quarter GDP (0.7%) marked the lowest increase in the past eight quarters, as stated by the Central Bank. This information was published in the Quarterly National Accounts on June […]

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