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News from Ecuador, for the world

One Macrosector Accounts for 62.77% of Ecuador Labor Contracts This Year
economy

One Macrosector Accounts for 62.77% of Ecuador Labor Contracts This Year

El Universo reports that Ecuador recorded 273,554 active labor contracts from January through April 2026, with 171,735 concentrated in one broad macrosector covering agriculture, construction, commerce, finance, professional services and health-related work.

Chip MorenoChip Moreno·2h ago
Overdue Loan Collections Have Grown to About $2.5 Billion in Ecuador
economy

Overdue Loan Collections Have Grown to About $2.5 Billion in Ecuador

Primicias reports that Ecuador's overdue financial-system portfolio managed by collection firms has risen from about $1.6 billion before Covid-19 to about $2.5 billion today, according to Asocob.

Chip MorenoChip Moreno·1d ago
Quito Airport Wins 'Airport of the Year' in 2026 NCE Airports Awards
economyquito

Quito Airport Wins 'Airport of the Year' in 2026 NCE Airports Awards

Expreso reports that Quito's Mariscal Sucre Airport won Airport of the Year in the 2026 NCE Airports Awards, along with three additional recognitions for aviation infrastructure technology, social value and sustainable construction.

Chip MorenoChip Moreno·1d ago
Coca Codo Damage Keeps Ecuador's Power System Risk on the Radar
economy

Coca Codo Damage Keeps Ecuador's Power System Risk on the Radar

Celec says high river flows, sediment and rocky material damaged part of the Coca Codo Sinclair area after more than 20 continuous hours of pressure from the Coca River. El Comercio reports the national electric system remains guaranteed, but the episode shows why Amazon river conditions still matter for electricity users across Ecuador.

Chip MorenoChip Moreno·4d ago
SECAP Opens 30,000 Free Virtual Training Spots Across Ecuador
economy

SECAP Opens 30,000 Free Virtual Training Spots Across Ecuador

SECAP has opened 30,000 free virtual course spots through the Compromiso por el Empleo program. Courses run 60 to 90 hours and cover areas like e-commerce, web programming, gastronomy, computer maintenance, basic electricity and auto mechanics.

Chip MorenoChip Moreno·6d ago
Ecuador's 2026 Curfews Hit an Estimated 120,000 Businesses, Expreso Reports
economy

Ecuador's 2026 Curfews Hit an Estimated 120,000 Businesses, Expreso Reports

Expreso reports that Ecuador's 2026 curfews have accumulated 30 days of restrictions and affected at least 120,000 businesses. One economist estimated losses between USD 16 million and USD 32 million, with the hardest hit in nightlife, restaurants, logistics and small businesses.

Chip MorenoChip Moreno·6d ago
Ecuador's April Inflation Hit 0.53% — Transport Led It, and the Colombia Tariff War Is Now at 100%
economy

Ecuador's April Inflation Hit 0.53% — Transport Led It, and the Colombia Tariff War Is Now at 100%

Monthly inflation reached 0.53% in April 2026, driven mainly by transport costs, with annual inflation at 2.6%. Meanwhile Ecuador's tariff on Colombian goods escalated to 100% on May 1. What it means for anyone living here on a fixed or foreign income.

Chip MorenoChip Moreno·May 18, 2026
Ecuador to Cut Tariffs on Argentine-Made Cars from 16.1% to 10% — Hilux, Toyota SUV, Ranger Affected
economy

Ecuador to Cut Tariffs on Argentine-Made Cars from 16.1% to 10% — Hilux, Toyota SUV, Ranger Affected

An addendum to the AC59 trade agreement will lower the import tariff on cars made in Argentina from 16.1% to 10%. Industry expects the deal signed in the second half of June. The Toyota Hilux, a Toyota SUV, and the Ford Ranger are the models in play.

Chip MorenoChip Moreno·May 15, 2026
Ecuador Extends Bus Subsidy to June 15 — Pressure for Fare Hikes Builds Across Cities
economy

Ecuador Extends Bus Subsidy to June 15 — Pressure for Fare Hikes Builds Across Cities

Decreto Ejecutivo 378 extends national transport compensation through June 15, delaying a politically painful fare increase. Loja has already raised fares to $0.36; Cuenca, Quito, Guayaquil and Ambato all see different responses.

Chip MorenoChip Moreno·May 14, 2026
New Fuel Prices Are Live: Diesel Breaks $3, Shortages Confirmed, Refinery Restart Set for Thursday
economy

New Fuel Prices Are Live: Diesel Breaks $3, Shortages Confirmed, Refinery Restart Set for Thursday

The May 12 price adjustment is official — diesel crossed $3/gallon for the first time, stations in Quito and Guayaquil are running dry, and Ecuador is importing 65% of its fuel. The refinery FCC unit restarts May 15.

Chip MorenoChip Moreno·May 12, 2026
Ecuador Returns to International Bond Markets After 7 Years — Investors Offered 7x What Was Available
economy

Ecuador Returns to International Bond Markets After 7 Years — Investors Offered 7x What Was Available

The May 6 placement of $1 billion in bonds drew $7 billion in demand from 200 international investors. Country risk is at its lowest since 2014. Here's what it means for the economy.

Chip MorenoChip Moreno·May 11, 2026
Gas Stations Are Running Dry Ahead of Tomorrow's Fuel Price Change — Here's What's Happening
economy

Gas Stations Are Running Dry Ahead of Tomorrow's Fuel Price Change — Here's What's Happening

Drivers in Guayaquil and Quito report stations hiding Extra gasoline before the May 12 price adjustment. Terminal dispatches are down 33%. Fill up now if you can.

Chip MorenoChip Moreno·May 11, 2026