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The Cabify transport platform stops operating in Ecuador

Cabify, a Spanish transportation app, operated in two cities in Ecuador: Quito and Guayaquil. The Spanish transport platform Cabify ceased to operate in Ecuador permanently as of March 15, 2023, according to a statement sent by the company to its clients. The company closes its...
Posted On 16 Mar 2023
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Export companies led by women are more productive

14% of export companies in Ecuador are led by women. These firms are 3.5 times more productive than those run by men. Export companies led by women are 3.5 times more productive than those led by men, according to a report by the Ecuadorian Federation of Exporters (Fedexpor). The...
Posted On 16 Mar 2023
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Bankruptcy of US banks: will it have effects for Ecuador?

The fall of Silicon Valley Bank and Signature Bank has changed the landscape and could cause the Federal Reserve (Fed) to stop its decision to continue raising interest rates (a quarter point or half a point). If before the increase depended only on the evolution of the US...
Posted On 14 Mar 2023
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Duarte changed Argentine embassy, ​​went from Quito to Caracas

According to the latest report from the Argentine Foreign Ministry, former minister María de los Ángeles Duarte was received by the Argentine ambassador in Caracas. The details about how and when María de los Ángeles Duarte escaped from the Argentine Embassy in Quito are still a...
Posted On 14 Mar 2023
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Ecuadorians can now apply for a digital nomad visa to Spain

As of March 31, 2023, remote workers and digital entrepreneurs from Ecuador and other countries who wish to reside and work from Spain can apply for their digital nomad visa. The new residence permit for remote workers and digital nomads came into force with the...
Posted On 13 Mar 2023
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The last three Presidents of Ecuador, on the radar of the Prosecutor’s Office

Rafael Correa, Lenín Moreno, Guillermo Lasso and their governments are part of investigations by the Prosecutor’s Office for alleged acts of corruption. The government administrations of Ecuador, between 2007 and 2023, are under legal scrutiny. The State Attorney...
Posted On 13 Mar 2023
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Five species that make the Galapagos Islands unique

This March 10 marks 488 years since the discovery of the Galapagos Islands, the most biodiverse archipelago in the world. On March 10, 1535, Fray Tomás de Berlanga discovered the Galapagos Islands, one of the most biodiverse ecosystems in the world. Located 1,000 kilometers from...
Posted On 10 Mar 2023
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Ecuador will be at Cosmoprof, the largest cosmetics fair in Europe

Ecuador will repeat its presence this year at Cosmoprof, the largest cosmetics, aesthetics, beauty and hairdressing fair in Europe, which will be held in Bologna (Italy) from March 16 to 18, as reported this Thursday, March 9, in a statement by the Ministry of Production, Foreign...
Posted On 10 Mar 2023
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Ecuadorians spent USD 18,639 million with credit cards

The average cost of Ecuadorians with credit cards went from USD 180 in 2021 to USD 206 in 2022, according to a study by the Association of Private Banks. Spending with credit cards in Ecuador reached USD 18,639 million in 2022. This is a record growth of 25%, or USD 3,743 million...
Posted On 09 Mar 2023
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Guayaquil endured the worst storm in 25 years

The intense rains in Guayaquil caused 32 flooded streets and left three injured. The city received around 18 million cubic meters of water, according to Interagua. Guayaquil suffers the ravages of the cyclonic event off the coast of Peru, called ‘Yaku’, which will...
Posted On 09 Mar 2023
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