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Gangs using technology to commit crimes and elude authorities

Gangs using technology to commit crimes and elude authorities

by | May 8, 2023 |

A gun printer, a highway surveillance center, and drone robberies are just some of the technological advances being used by criminals in Ecuadorian. Ecuador is currently facing a surge in crime and violence, with authorities identifying at least eight criminal gangs associated with drug trafficking. These gangs are involved in providing logistical, transportation, storage, and […]

Tax Reform Provides Progressive Deductions for Individuals with Monthly Income up to $3,000

by | May 8, 2023 |

Update to: SRI will apply new control for Income Tax Published: Volume 7, Issue 10 With the tax reform that the Executive submitted to the Assembly, the State’s income from Income Tax would be reduced by somewhere between $50-$200 million. The director of the Internal Revenue Service (SRI), Francisco Briones, explained that the government’s tax […]
So, we can just ignore the Constitution now?

So, we can just ignore the Constitution now?

by | May 8, 2023 |

The political situation in Ecuador has come to a head with the debate over the potential impeachment of President Guillermo Lasso. And it’s something every ex-pat should be worried about. On Saturday, after a month of back-and-forth petty arguments during the entire impeachment process, the Oversight Commission, which is tasked with deciding whether Lasso should […]

Ecuador Receives IDB Guarantee for Debt-for-Nature Exchange

by | May 8, 2023 |

Update to: Minister of Finance talks bonds for the Galapagos, tax reductions and the IMF and Petroecuador Published: Volume 7, Issue 15 The IDB is offering a multi-million-dollar guarantee to Ecuador to facilitate the debt swap process for the conservation of the Galapagos reserve. On May 3, 2023, the Inter-American Development Bank (IDB) extended an […]
After three and a half years of operation, Cuenca’s tram still not integrated with city’s bus lines

After three and a half years of operation, Cuenca’s tram still not integrated with city’s bus lines

by | May 8, 2023 |

Cuenca’s tram system has been grappling with reducing operating losses since its debut on September 22, 2019.  In 2022, Cuenca’s tram collected $2.7 million in fares, covering less than half of the annual operating cost of $5.5 million. The Municipality of Cuenca subsidizes the remaining operating cost. The tram also carries a debt of $50 […]

Palacios leaves office having left many unmet promises on the table

Published on May 08, 2023

Facebook Twitter Google+ LinkedIn Cuenca’s outgoing mayor came to office promising several major projects, but leaves having fulfilled very few. Pedro Palacios, the outgoing Mayor of Cuenca, Ecuador, will leave behind a mixed legacy when he departs on May 13th. While his administration has accomplished some notable achievements, there are many large-scale projects left on […]

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