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Head of IESS Special Commission: ‘If we wait two or three years, we will be facing the precipice’

Head of IESS Special Commission: ‘If we wait two or three years, we will be facing the precipice’

by | January 16, 2023 |

The head of the Special Commission tasked with proposing reforms to the IESS pension system discusses the needed contributions of the State, affiliates and employers. The time to make the reforms required to give sustainability to the pension system of the Ecuadorian Social Security Institute (IESS) is running out. This according to Augusto de la […]
Lasso decrees reductions of VAT, ICE and ISD taxes

Lasso decrees reductions of VAT, ICE and ISD taxes

by | January 16, 2023 |

What changes were decreed by the President and how will they be applied?  This year will bring reductions for some taxes in Ecuador. On the night of January 10, 2023, President Guillermo Lasso announced that the Value Added Tax (VAT) will be reduced on three holidays, that the Special Consumption Tax (ICE) for various products will be […]
Remittances from abroad contribute more to Ecuador’s economy than tourism

Remittances from abroad contribute more to Ecuador’s economy than tourism

by | January 16, 2023 |

Remittances are a liquidity option for Ecuadorian households, which use these resources to pay for basic services. The remittances that Ecuador receives from citizens working abroad totaled $4.468 billion in 2022, according to the forecast of the World Bank. This represents 3.87% of the Gross Domestic Product (GDP). This figure is higher than tourism, which […]

Birth of sea turtles increases 30% on Manabí beach

by | January 16, 2023 |

Update to: More than 9,000 olive ridley sea turtles born in Esmeraldas Published: Volume 5, Issue 16 Park rangers from a refuge in Manabí reported the birth of 11,580 sea turtles of the “olive ridley” and “green” species on the beach of San Lorenzo. The Ecuadorian Ministry of the Environment announced that it has detected […]
Thankfully, the three colors are nice

Thankfully, the three colors are nice

by | January 16, 2023 |

On our drive back from Cuenca this week, it became clear to my wife and I that elections were coming up in February. Not because we read about them. Or because we knew when elections occur (like we do in the US). It was because of all the posters, banners, signs and other advertising that […]
Three major Azuay highway projects planned for 2023

Three major Azuay highway projects planned for 2023

by | January 16, 2023 |

State planning for this year includes the rehabilitation of two roads that connect Azuay with the country, and a public-private alliance that is being sought to build a new Cuenca-Guayaquil highway. Authorities and unions of Azuay hope that at least three of the road projects that are pending in the province will be completed this […]

Rains remove risk of blackouts, but dry season has not been overcome

Published on January 16, 2023

Facebook Twitter Google+ LinkedIn Update to: Cuenca experiences unusual weather and prolonged drought Published: Volume 7, Issue 14 With the recent rains, the scenario improved, but the dry season has not yet been overcome. The plan to recover thermoelectric plants continues. There is a recovery of rains in the eastern basin of Ecuador, which has […]

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