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News from Ecuador, for the world

Ecuador Faces 18% Blackout Probability From October — Here's What Cenace Is Warning
economy

Ecuador Faces 18% Blackout Probability From October — Here's What Cenace Is Warning

Without Colombian electricity and an unreliable Coca Codo Sinclair plant, Ecuador's grid operator projects rolling blackout risk during the October-March dry season. The government is scrambling to rent diesel generators.

Chip MorenoChip Moreno·2h ago
Ecuador-Colombia Trade War Easing: Tariffs Dropping From 100% to 75% on June 1
economy

Ecuador-Colombia Trade War Easing: Tariffs Dropping From 100% to 75% on June 1

After months of escalating tariffs, Ecuador will reduce duties on Colombian imports from 100% to 75%. Cosmetics, medicines, plastics, and automotive parts are the primary categories affected.

Chip MorenoChip Moreno·2h ago
The Average Ecuadorian Wants to Earn $818 a Month — But the Math Doesn't Add Up
economy

The Average Ecuadorian Wants to Earn $818 a Month — But the Math Doesn't Add Up

Average salary expectations have dropped 2.66% this quarter to $818, while the basic food basket costs $829. Here's what the gap means for Ecuador's economy and the expat cost-of-living picture.

Chip MorenoChip Moreno·3h ago
Ecuador Cuts Duty-Free Liquor Limit from 5 Liters to 3, Effective Immediately
economy

Ecuador Cuts Duty-Free Liquor Limit from 5 Liters to 3, Effective Immediately

SENAE rolled back the duty-free alcohol allowance to three liters per traveler starting May 4. Nearly 700,000 liters entered duty-free in 2024, and the agency says informal commerce was the real beneficiary.

Chip MorenoChip Moreno·1d ago
EE
economy

IVA Drops to 8% on Hotels, Restaurants, and Transport Through Sunday — Here's What Qualifies

Ecuador slashed the sales tax on tourism services from 15% to 8% for the four-day Labor Day holiday. Hotels, restaurants, car rentals, and tours all qualify under Executive Decree 368. Here's what counts, what doesn't, and how to make sure you're getting the discount.

Chip MorenoChip Moreno·4d ago
EE
economy

Two Years In, China Trade Deal Has Widened Ecuador's Deficit by 467% — The Numbers

Ecuador's free trade agreement with China turned two on May 1. Imports from China surged 30% to $7.8 billion while exports barely grew. The non-petroleum trade deficit ballooned from $335 million to $1.9 billion. Here's what the numbers actually show.

Chip MorenoChip Moreno·4d ago
EE
economy

The IESS Pension Mistake That Could Shrink Your Retirement — And How to Check

Your IESS pension isn't based on your last salary or years of service alone — it's calculated from the average of your five highest-earning years. If your employer has been under-reporting your salary, you won't find out until retirement. Here's how the formula works.

Chip MorenoChip Moreno·4d ago
EE
economy

Ecuador's Banking Regulator Flags 14 Unauthorized Financial Entities — Full List

The Superintendencia de Bancos just published a list of 14 unlicensed organizations illegally collecting money from the public. They promise high returns in short timeframes. Last year alone, 60 similar entities were detected.

Chip MorenoChip Moreno·4d ago
EE
economy

100% Tariff on Colombian Imports Takes Effect Tomorrow — What It Means for Prices in Ecuador

Ecuador's tariff on Colombian goods jumps from 50% to 100% on May 1, effectively shutting down $2 billion in annual trade. Truck traffic at Rumichaca has already dropped to 30-40% of normal. Sugar, medical supplies, and medications are all on the list.

Chip MorenoChip Moreno·5d ago
EE
economy

Ecuador's $300 Million Electricity Fraud: How CNEL Officials Allegedly Gamed 400,000 Customer Accounts

Prosecutors raided CNEL offices across three provinces after the Energy Minister revealed a decade-long billing manipulation scheme affecting 400,000+ accounts. Officials allegedly cut invoices by 80% in exchange for bribes.

Chip MorenoChip Moreno·6d ago
EE
economy

IVA Drops to 8% on Hotels, Restaurants, and Tours This Weekend — Decree 368 Explained

President Noboa signed Decreto 368 cutting the tourism IVA from 15% to 8% for the May Day long weekend (April 30–May 3). Hotels, restaurants, car rentals, and travel agencies all qualify. Here's how it works.

Chip MorenoChip Moreno·April 28, 2026
EE
economy

Ecuador Needs 900–1,000 MW It Doesn't Have — and Oil Production Just Hit a 16-Year Low

The incoming Energy Minister inherits a five-front crisis: a 900+ MW power generation gap, record electricity demand of 5,374 MW, oil output at its lowest since 2003, and a dormant mining cadastre. Here's what that means for daily life.

Chip MorenoChip Moreno·April 27, 2026