Ecuador’s ‘Silicon Valley of Latin America’ faces reality check from economic and political pressures

By Emiliano Rodríguez Mega Paola Ayala knew it was a gamble to dial down her physics research at the University of Vienna in May 2015 and spend most of her time at Yachay Tech University, a nascent institution in rural northern Ecuador backed with an estimated $1 billion in government funding. But the allure of […]

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Ecuadorian company wins organic avocado oil awards, aims to expand its international market

The Ecuadorian company that pioneered Hass avocado production in the country has won international recognition for its oil products. Uyama Farms also won two awards for its organic avocado oils from Valorization of Agricultural Products (AVAP) in Paris last year. The oils are currently exported to Canada, the Netherlands, Hong Kong and Singapore. The company was the first to […]

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In office for less than three months, Lenin Moreno’s popularity is at a record high of 85%

Since political polling began in Ecuador in the 1970s, no sitting president has been more popular than Lenin Moreno. That is the conclusion of Guayaquil university graduate student Alexandra Ledesma. Ledesma participated in a recent survey by Perfiles de Opinion that gave Moreno an 84.86 percent good or excellent rating at the two-month mark of […]

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With management changes at Ecuador’s public media, Moreno puts his brand on the new government

Two weeks ago, Lenin Moreno cleared out the Rafael Correa-era management at the government-owned print and broadcast media. Last week, the new management laid out revised editorial policies and announced a goal of making public media self-supporting. Behind the scenes, the changes have ignited outrage among Alianza País Correa loyalists who view them as a […]

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Moreno credits national police for making Ecuador one of the safest countries in the hemisphere

In a Thursday ceremony honoring six police officers, President Lenin Moreno praised Ecuador’s national police for making the country safer. “Today, Ecuador has the second lowest rate for murder and violent crime in Latin America, and the fourth lowest in the western hemisphere,” he said. “I give the credit to the forward-looking policies of the […]

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Capital gains and inheritance taxes under review, may be lowered by the National Assembly

National Assembly President José Serrano said Wednesday that the assembly will consider rolling back the inheritance and capital gains taxes passed in 2016. According to Serrano, the taxes appear be a drag on economic recovery. Serrano met with Patricio Alarcón, president of the National Federation of Chambers of Commerce, and Enrique Pita, president of the […]

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Ecuador defies OPEC oil production restrictions, says it needs the extra money to run the government

Ecuador’s government says financial conditions are forcing it to break its agreement with OPEC to reduce oil production “There is a very serious need for funds for the fiscal treasury in our country, hence we’ve taken the decision to gradually increase output,” Ecuador’s oil minister Jorge Perez said. “What Ecuador does or doesn’t do has […]

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New rules for airline passengers traveling to the U.S. take effect today

Thanks to new U.S. Transportation Security Administration (TSA) rules, you can expect to spend more time at the airline boarding gate if you’re traveling to the U.S. Ecuador’s two international airports both reported delays due to the new rules. Beginning Wednesday, international airlines flying to the U.S. were required to perform new security checks, including […]

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New editor plans to ‘open up’ the pages of national newspaper; Some Correistas object

The new editor of the government-owned newspaper El Telégrafo says he’s getting rid of the ideology. Appointed Monday by President Lenin Moreno, career journalist Fernando Larenas told the staff that the newspaper will be independent of direct government control. “We will return to the best practices of journalism at El Telégrafo,” he said. “Ours will […]

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Some environmentally conscious companies are selling Ecuador’s endangered frogs to protect them

Poachers in Ecuador have long known the hefty prices their country’s rare frogs can fetch. But now environmentally conscious firms are starting to sell the amphibians too — to try to save them from the black market and threatened extinction. In San Rafael, just outside the capital Quito, the scientific company Wikiri is raising 12 […]

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