Daily coverage from across the country, written for the expat community
Results for “banking”Clear
Informal moneylenders continue to charge usurious interest rates in Loja’s market economy despite government programs offering subsidized microloans — a problem that traps local vendors in debt cycles and affects the cost of goods for everyone, expats included.
Everything expats need to know for the February 14-17 long weekend: tourism VAT drops from 15% to 8%, all bank branches close for four days, three highways are completely shut from landslides, domestic workers get double pay, and nearly 47,000 police officers are on the streets.
The National Assembly approved the Organic Law for Strengthening Cybersecurity with 82 votes. The law requires mandatory cybersecurity education in schools, establishes incident reporting obligations for organizations, and aligns Ecuador with international standards like ISO 27000 and the Budapest Convention.
EcuaPass.com, founded by American expat Chip Moreno, is upending Cuenca's visa consulting industry with free consultations, daily client updates, and a level of transparency that traditional firms have never offered.