Ecuador's Central Bank upgrades GNP growth estimate for 2008, reaffirms use of the U.S. dollar

September 25, 2008 03:35 by Admin
The chairman of Ecuador's Central Bank reported Thursday, Sept. 11, that, the country's GNP will grow by 5.2% in 2008, up from the previous estimate of 3%. Carlos Vellejo credited most of the growth to high prices of oil. The increase in agricultural revenue has also be... [More]

Laws governing foreign residents and visa applicants remain unchanged although rules and interpretations present a moving target

September 14, 2008 14:24 by Admin
Despite rumors to the contrary, the laws and major policies of the Ecuadorian immigration office relating to foreigners have not changed, according to an immigration expert. "Rules and interpretations change day to day and from one director to the next, but this has always... [More]

Ecuador, Latin American construction costs spike as commodity prices rise and the dollar drops

September 5, 2008 15:55 by Sylvan Hardy
Hit hard by higher commodity and fuel prices and the drop of the U.S. dollar, constructions prices in Ecuador and Latin America generally, have shown a sharp escalation in recent months. Most of the increase comes in the area of materials, particularly steel, concrete, electrical, plumbing and oth... [More]

Ecuador benefits for residents 65 and older can sweeten the deal for many would-be expats

September 4, 2008 01:49 by Admin
If you’re 65 or older and looking for an incentive to retire in Ecuador, consider the country's benefit package to senior citizens. Unlike Panama’s pensionado program, which is aimed at foreign residents, Ecuador’s senior citizen discount program is intended to help its... [More]