Daily coverage from across the country, written for the expat community
A tribunal convicted six defendants in the Decevale case and ordered a $693 million repair payment to Isspol, the police social security institute. The case grew out of alleged irregularities in securities-market operations involving Decevale S.A., Citadel Casa de Valores and Isspol funds.
Public transport is still Quito’s main way to move, but new data show riders shifting toward private options. Around 64% of Quito residents still use public transport, while apps, taxis and motorcycles are gaining ground because of safety, comfort and service concerns.
The SRI is applying stricter controls to IVA refund requests in 2026. Older adults can recover up to $144.60 per month, but invoices must use a cedula, be for personal consumption, and fit accepted categories such as food, clothing, health, education and construction.
Ecuador’s Jóvenes en Acción program is expanding from 80,000 to 150,000 beneficiaries. Registration opened June 16 for vulnerable young adults ages 18 to 29, with selected participants receiving three $400 transfers over three months after completing assigned activities.
Ecuador’s cooperative sector is still being cleaned up, with 38 credit cooperatives in forced liquidation as of May 5, 2026. Ambato, Quito and Cuenca account for most of the liquidation processes, while rising delinquency continues to pressure smaller institutions.
A three-day virtual job fair in Ecuador will run from June 18 to June 20, 2026, with 1,050 vacancies across more than 20 participating companies. The fair includes roles in commercial, financial, accounting, technical, administrative, driving, assistant, operations and intern profiles.
Guayaquil has more than 100 kilometers of streets under intervention across the north, center and south of the city. Some merchants report sales declines of 40% to 50% as road closures and restricted access affect customer traffic.
Ecuador now has 393 institutions in the popular-and-solidarity finance market, including 387 savings and credit cooperatives. Segment 1 cooperatives hold more than $24.6 billion in assets, about 31% of private-bank assets, and the largest cooperatives now rank among the country's biggest financial institutions.
Petroecuador activated a contingency plan after a clandestine perforation caused a fuel spill on the Esmeraldas-Santo Domingo pipeline at kilometer 105. The company said the leak was controlled before 11:00, no people or water sources had been affected, and national fuel supply remained normal.
Quito councilman Wilson Merino says taxpayers have reported failures and interruptions in the municipal patent-payment platform just as the filing calendar begins. The concern is practical: once the deadline tied to the ninth RUC digit passes, the system automatically generates late-payment surcharges.
Ecuador’s country-risk indicator closed at 386 basis points on June 12, the lowest level reported since September 30, 2014. The drop signals improved market confidence, though it does not immediately change day-to-day costs for residents.
Travelers connecting through Lima’s Jorge Chávez airport must pay an $11.86 transfer fee called the TUUA. Ecuadorians using Lima for onward connections to South America, Asia and Europe are already feeling the extra cost.
