Dominican Govt. has allocated over a billion pesos to offset fuel increases
Economy January 24, 2022 | 4:25 pm
Santo Domingo.– The Government has allocated around one billion pesos in the first three weeks of 2022 to mitigate the impact imposed by international increases in the price of hydrocarbons in the l[...]The Dominican cooperative model bets on solidarity economy
Economy January 23, 2022 | 3:51 pm
Santo Domingo.– The swearing-in last July of 393 new cooperatives by President Luis Abinader –the highest figure recorded by the Institute for Cooperative Development and Credit (Idecoop) in its 5[...]Vice President Raquel Peña also chairs the Investment Promotion Cabinet
Economy January 23, 2022 | 11:42 am
Santo Domingo.– The Investment Promotion Cabinet, created on September 23, 2020 by President Luis Abinader, will be headed by the Vice President of the Republic, Raquel Peña, who also chairs the He[...]Abinader: US$2,245 million will be invested in Cabo Rojo-Pedernales Tourism Development Project
Economy January 23, 2022 | 11:05 am
Madrid.– President Luis Abinader revealed in Fitur 2022 that the Pedernales Tourism Development Project (southwest), one of the most important commitments of his government, will be carried out in f[...]Fuels go up again: premium gasoline increases RD$ 5.00
Economy January 21, 2022 | 4:00 pm
Natural gas was the only one that remained unchanged. The Ministry of Industry, Commerce, and Mipymes (MICM) reported that record prices for a barrel of West Texas Intermediate (WTI), hovering around[...]Agribusiness products experience price hikes every day, say experts
Economy January 21, 2022 | 12:03 pm
Shopping in a supermarket or one of the capital's markets is now almost the same. Although there are differences in prices, the high cost of goods, according to buyers, results in the family's salary [...]Businessman highlights tobacco exports
Economy January 20, 2022 | 4:43 pm
Santo Domingo, DR For the executive president of Tabacalera A. Fuente, Ciro Cascella, this is a "historic moment for Dominican tobacco" since its exports amounted to US$1,236 million in 2021. Casc[...]Dominican Gov. contracted debt of US$4.03B in 2021
Economy January 20, 2022 | 10:22 am
Santo Domingo.- The Dominican State contracted debts of RD$221.7 billion (US$4.03 billion) during the past year, of which 83.6% corresponded to external commitments (RD$185.4 billion) and the rest (RD[...]Dominican Republic power plant trust sparks distrust
Economy January 20, 2022 | 7:37 am
Santo Domingo.- While the Dominican Liberation Party (PLD) and the People's Force (FP) questioned this Wednesday the trust agreement of the Punta Catalina Power Plant (CTPC), from the government and t[...]Dominican tobacco exports set a record US$1.2B
Economy January 19, 2022 | 8:44 am
Santo Domingo. - The Ministry of Industry, Commerce and MSMEs (MICM) highlighted the "unprecedented" figures of Dominican tobacco exports in 2021, which reached US$1.2 billion, marking a historical pe[...]Abinader says all jobs have been recovered
Economy January 19, 2022 | 8:13 am
Madrid.- The president of the Dominican Republic, Luis Abinader, said Tuesday that the country has recovered all the jobs that were lost during the pandemic and 40,000 new ones have been created. â[...]Free trade zone exports increased 22.7% during 2021
Economy January 18, 2022 | 2:36 pm
In 2021, the value of exports from free zones experienced an absolute growth of US$1,316 million, which represents an increase of 22.7% compared to 2020. In a press release, the National Co[...]Dominican export free zones exceed US$7.1B threshold
Economy January 18, 2022 | 11:32 am
Santo Domingo,- The value of exports from free zones operating in the Dominican Republic experienced an absolute growth of US$1.3 billion during 2021, which represents an increase of 22.7% compared to[...]National Lab can spot swine fever in 24 hours
Economy January 18, 2022 | 10:30 am
Santo Domingo.- The Ministry of Agriculture announced that it has equipped the Central Veterinary Laboratory (LAVECEN) with state-of-the-art technology to detect the African swine fever virus in 24 ho[...]Builders question rise in cement prices
Economy January 18, 2022 | 9:41 am
Santo Domingo.- The Association of Promoters and Builders of Homes of Cibao (Aprocovici) understands that there is no justification for the increase that the price of cement and other construction mat[...]Dominicans are 3rd highest remitters
Economy January 17, 2022 | 10:21 am
Santo Domingo.-Mexicans, Guatemalans and Dominicans were the Latin Americans who sent the most remittances to their countries between January and September 2021. The citizens of those \nations sent US[...]Dominican Republic’s biggest power plant is placed in trust
Economy January 17, 2022 | 7:19 am
Santo Domingo.- The Punta Catalina Public Trust Agreement (CTPC Trust) provides for the irrevocable transfer, for the duration thereof, which is 30 years, of the assets and rights of that plant to the[...]Fuels continue to increase
Economy January 15, 2022 | 11:40 am
The Government once again announced increases in the price of fuels, increasing from RD$2.00 to RD$5.00 per gallon. The Ministry of Industry, Commerce, and Mypimes (MICM) informed yesterday that fo[...]
