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Ecuador News

  • Guayaquil real estate Big construction projects to substantially improve quality of life

    ECUADOR, 2016/03/01 The myriad of construction works in Guayaquil and the neighboring town of Samborondón will have a huge impact on livelihoods. But perhaps the majority significant of all these works is Mi Lote, an affordable housing project that will slash the housing deficit by providing thousands of homes to poorer families for as little as $6,500 over the coming years
  • Privatization has transformed the transport sector over past decade

    ECUADOR, 2016/02/23 Mayor Jaime Nebot’s decision to the hand the management of the José Joaquín de Olmedo International Airport, the city’s major bus terminal and the Port of Guayaquil over to private firms has turned them into profit-making machines. And the companies in charge are using these profits to fund their expansion plans. The initial thing a visitor notices next landing at José Joaquín de Olmedo International Airport in Guayaquil is waterfalls and orchids. The second is the welcoming faces of well-trained airport staff. Again, they notice the shiny cleanliness of the installations.
  • rban Regeneration Guayaquil Siglo XXI Foundation transforms the image of city

    ECUADOR, 2016/01/29
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Guayaquil's Dramatic Transformation A model for economic progress

    ECUADOR, 2015/12/02 During his 15 years in power, Mayor Jaime Nebot has overseen the unprecedented social transformation, urban regeneration, and economic development of Guayaquil, Ecuador’s most populated city and home to the country’s busiest port. His enduring popularity serves as a testament to the successful realization of his vision of the city as a model for urban renewal Located in the Guayas province, Guayaquil’s position in the south-western section of Ecuador, by the Guayas River, which flows into the Pacific Ocean, means it is home to one of the busiest ports in Latin America and the Caribbean. Tourism, business, and agriculture are as well accountable for the city’s residents and companies. Nicknamed “the pearl of the Pacific,” Guayaquil is the major and most populated city in Ecuador, eclipsing even Quito, the country’s capital. While the city’s vibe is exhaustively modern, Guayaquil has a long history. Founded in 1534, it spent almost 300 years under Spanish control, until the city’s army overthrew the Spanish forces and declared independence the October 9, 1820 before it went on to help other cities declare their independence as well. Guayaquil’s pride in its role continues today, and the city’s flag flies as much as the national flag.
  • Franco-Brazilian journalist beaten-up in Ecuador leaves the country but promises to return

    FRANCE, 2015/08/25 Although an Ecuadorian judge last week rejected the authorities request to deport Picq, sending it back to the Ministry of Interior for re-consideration, Picq elected to leave the country, pledging to return and fight her case at a later date. The government claimed Picq’s visa had long ago expired, implying she was staying in the country illegally.  Detained, beaten-up and threatened with deportation: Franco-Brazilian journalist Manuela Picq experienced the rough edges of Ecuador's political system after attending an anti-government rally this month backed by union bosses and indigenous leaders. The official statement of Manuela Picq's arrest on the Ecuadorian Ministry of Interior web-page states the journalist was being assaulted by unknown people at the same time as the national police came to her aid and gave her medical and psychological assistance.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • Emerging Tourism Destination: Why Quito?

    ECUADOR, 2014/12/17 The next for Quito, Ecuador is looking bright, with over $87 million in hotel investment announced over the next 10 years, being recognized as South America's leading destination by the World Travel Awards for the second consecutive year and, as the hub for all the adventures that await across Ecuador, gaining a reputation as a top location for meetings, sporting events and world conferences. And again there is the chocolate. Pacari Chocolate, an Ecuadorian organic chocolate brand, based in Quito, took home 14 awards at the International Chocolate Awards, the major number of world awards won by a chocolate producer. Pacari sources due from small producers and is the only chocolate company in the world working with biodynamic cacao.
  • Second Annual Congress of Latin American Tourism Cities held in Guayaquil, Ecuador,

    ECUADOR, 2014/10/05