Category

The International Monetary Fund (IMF) called on Ecuador this Thursday to guarantee macroeconomic and fiscal sustainability, a month after President Daniel Noboa announced that he is negotiating a possible agreement with the institution. “In Ecuador, the authorities have...

The collapse of the Baltimore bridge could congest other ports in the United States to which exports from Ecuador also arrive. The collapse of the Francis Scott Key Bridge in Baltimore, Maryland, in the United States, has caused concern in the Ecuadorian export sector due to the...

On the other hand, foreign direct investment registered the lowest amount in 2023, at least since 2016, with an amount of USD 372 million, according to the Central Bank. In 2023, Ecuador recorded USD 5,448 million in remittances received, the highest amount achieved in...

People who purchase goods and services – taxed with value added tax (VAT) – will pay 15% for this tax from April 1, 2024. This means three percentage points more, in relation to the percentage in force until March 31, 2024. That is, 12%. The VAT increase is contained i...

A former cellmate of drug trafficker Leandro Norero, named Marcelo Lasso Saavedra, who has described himself as his “trusted man,” has testified during his anticipated testimony at the hearing for the Metastasis Case, which he witnessed, in two occasions,...

The Foreign Ministry of Ecuador reported, in its official channels, that from Mexico the rescue of 27 Ecuadorians was confirmed inside a home located in Barrio Bahías, town of La Ventosa de Salina Cruz, State of Oaxaca. The compatriots, 13 men, 11 women and a family unit of...

The price of cocoa exceeds USD 9,000 per metric ton for the first time on March 25, 2024, due to the lower supply of this tropical fruit. This rebound has even caused cocoa to be more expensive than copper (the reference industrial metal), Bloomberg reported. The National...

The Anti-Extortion Investigation Force (FICE) already operates in the territory, the National Police announced on March 20. For three months, several agents were trained in anti-terrorism investigation for extortion and kidnapping with explosives. The FICE is also made up of...

A Spanish newspaper called El Debate claims that President Daniel Noboa had a disrespectful attitude during his stay in Madrid last January. The Ecuadorian Government denied, on March 21, 2024, that it had received “any communication from the government of Spain” due...

Three Azuayan migrants invested USD 170,000 to build a guinea pig processing plant. The first batch of 800 units arrived this week in New York. Guinea pig is one of the most sought-after products by Ecuadorians living in the United States. Now, an Azuaya company will bring this...