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News from Ecuador, for the world

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·May 1, 2026
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·May 1, 2026
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·April 30, 2026
EE
politics

Caso Apagón: Prosecutors Move to Charge 21 Officials Over $100 Million in 2024 Blackout Contracts

Ecuador's Attorney General is seeking to formally charge 21 people — including a former Celec manager and former Energy Minister — with embezzlement tied to emergency contracts during the 2024 blackout crisis. Estimated damages exceed $100 million.

Chip MorenoChip Moreno·April 30, 2026
EE
breaking

ARCSA Orders Recall of La Artesanal Chocolate Ice Cream After Listeria Detected — What to Check

Ecuador's health regulator found Listeria monocytogenes in a batch of La Artesanal chocolate ice cream made by Helados Novísimo. The lot has been pulled from shelves and the factory suspended. Here's the lot number and what to do.

Chip MorenoChip Moreno·April 30, 2026
EE
safety

Only 8.6% of Ecuador's Roads in 'Very Good' Condition — 14 Highways Flagged Ahead of Holiday Weekend

Ministry data shows more than 20% of Ecuador's road network requires caution, and the government has flagged 14 specific highways as risky for the 4-day holiday. Here's the condition breakdown and which routes to watch.

Chip MorenoChip Moreno·April 30, 2026
EE
safety

Decree 370: New Curfew Hits 9 Provinces Starting May 3 — Full Province List and What's Exempt

President Noboa's latest curfew runs May 3–18 from 11 PM to 5 AM across nine provinces including Pichincha and Guayas. Azuay, Loja, and Imbabura are not on the list. Here's the full breakdown.

Chip MorenoChip Moreno·April 29, 2026
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·April 29, 2026
EE
breaking

30 Ingredients Just Dropped From Ecuador's Over-the-Counter Medicine List — Here's What Changed

ARCSA reviewed 2,100+ registered products and reclassified 30 active ingredients as prescription-only. If you're used to buying certain medicines at the farmacia without a receta, some of those purchases just got harder.

Chip MorenoChip Moreno·April 29, 2026
EE
safety

600 Drones Have Tried to Breach Ecuador's Newest Mega-Prison — All Were Stopped

Interior Minister Reimberg told AFP that organized crime groups have launched roughly 600 drone attempts at El Encuentro prison since it opened. The government says it will build as many mega-prisons as needed.

Chip MorenoChip Moreno·April 29, 2026
EE
breaking

17 Million Records Leaked From Ecuador's Transit Agency — What Expats Need to Know

A threat actor published 17 million records from Ecuador's ANT, including cédula numbers, addresses, phone numbers, and vehicle details. The agency hasn't acknowledged the breach. Here's what was exposed and what to do.

Chip MorenoChip Moreno·April 28, 2026
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