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National blackout in Ecuador due to transmission line failure, confirms the Government

Ecuador suffered a massive power outage on June 19, 2024. This was confirmed by the Minister of Energy, Roberto Luque. The failure was due to the departure of a power line. Massive power outages in several cities in Ecuador, such as Quito and Quevedo, were recorded on the...
Posted On 20 Jun 2024
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United States Embassy opens job vacancies in Ecuador. What are they and how to apply?

The positions are available for both the diplomatic headquarters in Quito and Guayaquil. Salaries reach up to USD 42,391 per year. The United States Embassy in Ecuador has opened new vacancies for Ecuadorians who wish to work with them. Those who apply for these jobs must meet...
Posted On 14 Jun 2024
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Ecuador: The elimination of the gasoline subsidy will have two phases, says the Government

The elimination of the gasoline subsidy has two phases. Learn what it is and how long it will take for it to reach the international price. The proposal to eliminate the Government’s Extra and Ecopaís gasoline subsidies, which is still being polished, will have two moments...
Posted On 13 Jun 2024
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Nothing to envy Willy Wonka! Ecuador will have its great chocolate fair

Ecuador will once again host the Chocolate, Cocoa and Coffee Show with product exhibitions and talks where productive development at the South American level will be shown. The largest chocolate fair in Ecuador already has a date and will host entrepreneurs, producers, students,...
Posted On 12 Jun 2024
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Multinational Gunvor paid more than USD 93 million to Ecuador for bribes to Petroecuador

Swiss group Gunvor, one of the world’s largest oil operators, pleaded guilty in a bribery scheme involving Petroecuador. After signing an agreement with the Ecuadorian State, the Swiss multinational Gunvor disbursed more than USD 93 million in the accounts of the Ecuadorian...
Posted On 11 Jun 2024
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China lifted suspension on the export of Ecuadorian shrimp

The Ministry of Production, Foreign Trade, Investment and Fisheries confirmed this Thursday, June 6, 2024, that China lifted the suspension of nine establishments for the export of shrimp. The General Customs Authority of the People’s Republic of China (GACC) had sanctioned...
Posted On 07 Jun 2024
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President Noboa delivered 400 property titles

The President of the Republic, Daniel Noboa, delivered 400 property titles and agricultural inputs to small and medium-sized producers and scholarships in Cotopaxi, this Tuesday, June 4, 2024. Property titles correspond to agricultural benefits for small and medium producers....
Posted On 04 Jun 2024
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World Bank: Fuel subsidy is a vestige of the past and harms Ecuador’s economy

The World Bank warns that widespread subsidies cause inefficient use of resources and harm fiscal stability. Economic growth has remained “elusive” in the last ten years for Ecuador, leading to an increase in poverty and a deterioration in the quality of employment,...
Posted On 30 May 2024
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Germany advises Ecuadorian exporters to comply with European Union standards: impacts on cocoa, coffee and palm

Exporters who fail to comply with European Union regulations on deforestation will not be able to continue sending their products to the trading bloc. Ecuador and European organizations are working against the clock to comply with the new European Union deforestation standard...
Posted On 23 May 2024
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Ecuador could return to the “Oil Boom” thanks to new investments in crude oil exploitation

Ecuador signed the tender for the operation of three oil blocks in the province of Sucumbíos, belonging to the Intracampos II Round, blocks 93, 96 and 97, where private investment of approximately $333 million will be made possible for the exploration and exploitation of...
Posted On 20 May 2024
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