New Road Sparks Record New Year for Playas

A new paved road was inaugurated this past December from Progreso (a small town on the way from Guayaquil to Salinas) to Playas, reducing the transit time from Guayaquil to Playas.

Many feel this was one of the key factors that played a role in one of the largest turnouts in Playas for a New Year’s celebration. Playas received 120,000 visitors (but only has capacity for 80,000). As reported by the Comercio.

Interesting note for those investing on the coast. I’ve always liked Playas, it’s “off the cuff” and undeveloped, but has potential.

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Ecuador Unemployment Low as 2011 Begins

On Friday, the government of Ecuador announced that unemployment has fallen to it’s lowest rate in the last five years… to 5%, the Minister of Planning and Development (Senplades), RenĂ© Ramirez, told reporters on Friday.

Remember however that this rate does not take into account the under-employed in Ecuador, that would be interesting to see…

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