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Ecuador's foreign debt in October totaled $18.33 billion, up 16% from a year before, the central bank said. The amount is equivalent to about 20% of Ecuador's $90 billion gross domestic product forecast for 2013. According to current law, the country's debt-to-GDP...
According the Economic Commission for Latin America and the Caribbean (ECLAC), the economic condition of Ecuadorians has improved for the fifth consecutive year. The year-end improvement, per capita, is estimated at 2.1%. Victor Hugo Alban, President of the College of...
Ecuador’s stock market has posted a 24% gain through the first three quarters of 2013 and financial experts say the gain will top 30% by the end of the year. The small Guayaquil- and Quito-based exchange says that the cash value of trades for its 47 public companies...
The investment group Pronobis will begin construction in January on a $17 million, 160,000-meter, 140-room hotel adjacent to the new Quito airport. To be called the Wyndham Grand Hotel Condor, the hotel will include conference space, classrooms, offices and small...
Fundacion Pachamama, an indigenous non-profit organization opposed to President Rafael Correa plan to drill for oil in Ecuador’s eastern jungles, says it will fight the government order to shut down its operations. In its Wedneday order, the government alleged...
The Pumapungo Museum on Calle Larga program aims at making its exhibitions more engaging for school children. A new program sponsored by the national Ministry of Culture is training 50 University of Cuenca students to work as volunteer guides and workshop ...
Cuenca has advanced to the third stage of the New 7 Wonders Cities competition and will find out Monday if it will be one of 28 finalists. The competition, sponsored by the website www.new7wonders.com started with 1200 nominess and was the pared to 300 before being...
Ecuador’s hot real estate market is cooling down. Following more than six years of eight percent annual appreciation nationwide and double-digit appreciation in some markets, including Cuenca, real estate developers and agents say they are seeing a slowdown in both...
Cuenca is the first Latin American city to receive the World Heritage Cities Organization’s Jean Paul L'Allier award. The award recognizes the city’s El Barranco project, including restoration and improvements to Paseo Tres de Noviembre, Parque de la Madre, the Calle...
By Rosalba O'Brien Four decades after a military coup that brought Augusto Pinochet to power in Chile, a fierce debate over his long rule has shaken up the presidential election, with some right-wing politicians under fire for their past support of the former...
By Jim Wyss Ecuador is killing an ambitious conservation program intended to leave more than 800 million barrels of oil beneath a pristine swath of the Amazon. But on Friday it was clear that the Yasuní-ITT Initiative, as it’s known, won’t die easily. A coalition of...
By Jim Wyss Waving away a cloud of gnats, biologist Phyllis “Lissy” Coley scours the Amazonian underbrush for inga shrubs, whose young leaves are loaded with powerful toxins and chemicals that might be useful in medical research. Coley and her team from the University...
By Kathleen Peddicord Editor’s note: Prospective expats scouting countries and cities hear often these days about Cuenca and Medellin, Colombia as two of the hottest South American expat destinations. Kathleen Peddicord, publisher of Live and Invest Overseas, and the...
Cuenca’s school children need a little help from expats. The Hearts of Gold Foundation is closing in on its goal of providing 123 Cuenca children from underprivileged homes with shoes and school supplies before the start of the new school year in September....
Editor's Note: Cuenca continues to receive major media coverage as a place for North Americans to retire. Tuesday night, ABC News ran a feature on its nightly news program about Cuenca expats, focusing on the attraction of the city's low cost of living. The...
New renovation plans for Cuenca’s San Francisco Plaza are drawing criticism from vendors who currently operate businesses in the area. The plans call for a landscaped open public plaza with businesses relocated to commercial space below street level. Currently,...
Editor's note: North Americans are not the only foreigners living in Cuenca. In fact, immigration authorities report that there are almost twice as many non-Ecuadorian Latin Americans living in the city as U.S. and Canadians. The largest group, with about 2,300,...
By Eric Mack Editor's note: This is the third part of Eric Crave's four-part series on Ecuador's attempt to become Latin America's hub for science, technology, and innovation. Planners say their aim is to create a ‘Silicon Valley of South...
By Eric Mack Editor’s note: This the second of a four-part series by Eric Mack about Ecuador’s plans to create what officials say could be one of the top research communities of the world. Planners say their aim is to create a ‘Silicon Valley of...
By Eric Mack Editor’s note: This the first of a four-part series by Eric Mack about Ecuador’s plans to create what officials say could be one of the top research communities of the world. Planners say their aim is to create a ‘Silicon Valley of South...
