Ecuador updates investors’ visa rules, Craft beer and food festival, Tram is free for 60 days, More Coopera pay-outs, Cheap Chinese imports

Mar 10, 2019

Sábado, 9/3/2019

Hola, Todos –
Actividades –

De la pagina cultural –

Swan Lake – The ballet was performed Sunday in the teatro Carlos Cueva Tamariz with a cast of 150 dancers with musicians from the OSC.

Books for the week –
“Días sin ti” by Elvira Sastre, published by Seix Barral.
“La Caída de Gondolin” by J.R.R. Tolkien, published by Minotauro.
“La Misión de Rox (Guardinaes de la Ciudadela III” by Laura Gallego, published by Montena.

Del cuerpo del periodico –

Craft beer festival March 29 – 31.

Chill & Chela – This artisanal beer fest will be on 29, 30, & 31/3 in the Casa del río Quinta Lucrecia (av. Primero de Mayo y 12 de Octubre) until midnight on the 29 & 30 and until 19:00 on the 31. There will be 70 different beers at 12 stands. There will also be a gastronomic event featuring the “grill” (parrillada) culture. There will also be wine, clothing, and shoe sellers. Free. <Until you start sampling as many of those 70 beers as you can. Just don’t eat and drink up your next SS check.>

Otras cosas –

Titular – Pruebas con pasajeros durarán sesenta días (Testing with passengers will last sixty days) – Students from the Herlinda Toral High School, and “adultos mayores” (older adults) from Turi were on the maiden voyage of the Tranvía. There will be a 60 day test period during which fares will be free. The first 4 weeks, students from different schools will be invited to ride the Tranvía. After that, it will be open to the general public. <Maybe you could join a senior center real quick and get an invitation in the early weeks.>

Grants – Childen and adolescents whose mothers were victims of femicide will receive a monthly grant so they can continue their studies.

Chinese competition – Economist Daniel E. Perroti noted that China’s role in the world economy has increased significantly in the last decades and it is a strategic partner in much of Latin America. Chinese goods compete with local ones and generally sell at a lower price. Alicia Ortega, director of Homero Ortega, says that their hats cost $10, and the Chinese ones $ 0.80, but they’re synthetic. Other economists and researchers pointed out cheap imports also affect employment.

Coopera – The liquidation of the Coopera de Ahorro y Crédito (Coopera) is in its 9th phase of repayments. Depositors can go to any agency of JEP with a notarized color copy of their bank book or certificate of deposit and cedula or passport. Each depositor can receive up to $1,485.00. Official data shows that 99.5% of Coopera’s depositors have recovered 100% of their money. <I hope they’ve recovered emotionally, too. Old timers will understand why I summarized this article.>

New visas – Ecuador will issue a new type of investor visa that will allow the visa holder unlimited entries and exits, without limits on stays out of the country. It will also permit multiple renewals. <I can hear wheels turning right now in peoples’ heads.> There will also be visas specifically for people working in the maritime and fisheries sector, and an 180 day visa for other applicants in commercial, sports, academic, science, technology, innovation and art activities.

And that’s all for today so Hasta Mañana –


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