Daily coverage from across the country, written for the expat community
Results for “BID”Clear
A survey of 2,570 companies found that nearly half can't fill open positions. The biggest barriers: lack of experience, weak digital skills, and wages that don't compete.
Ecuador is burning through diesel at a 23% faster rate to keep the lights on. Diesel prices jumped from .11 to .45 per gallon. And the government just failed — for the second time — to secure emergency thermal generation contracts.
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.
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.
A 16-person fuel trafficking ring operating across six provinces since October 2024 has been dismantled. Three active-duty military members, five police officers, and eight civilians were detained. A judge has ordered preventive detention for 15 of them on charges tied to hydrocarbon diversion and support for criminal organizations.
Los Ríos rice farmers are opening their winter harvest with no real buyers. The short version: an estimated 20% smaller crop, buyers paying $29/quintal against a $34 minimum support price, and 95,000 tons in losses to flooding and drought. The bottleneck is the Colombia trade war blocking last season's surplus from export.
Ecuador's state electricity company CELEC has filed a lawsuit in US federal court alleging that Progen, a private contractor, delivered refurbished and non-functional emergency generators under $149 million in contracts while draining the project's bank account to zero. The fraud is directly linked to the 2024 blackout crisis.
Ecuador is experiencing its wettest February in a decade, with Cuenca recording 150mm of rain — nearly double the historical average. Nationwide, 4,700 people have been impacted, 770 displaced, and the Mazar reservoir is discharging at over-capacity.
Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
Quito has approved a new urban development plan for La Mariscal — the city's historic expat and tourist district. The centerpiece: Avenida Amazonas will revert to two-way traffic as part of an economic revitalization strategy.
