DGII applauds Constitutional Court decision safeguarding Dominican people’s funds
Economy May 29, 2023 | 3:29 pm
Santo Domingo.- The General Directorate of Internal Taxes (DGII) has expressed satisfaction with the decision of the Constitutional Court, which has safeguarded over 500 million pesos[...]11.2% of the Dominican population lives in informal houses, according to Habitat
Economy May 29, 2023 | 1:51 pm
Santo Domingo.- Habitat for Humanity Dominican Republic has highlighted that approximately 11.2% of the Dominican population resides in informal settlements, lacking access to basic n[...]Héctor Valdez Albizu: “Tourism is the spearhead of Dominican economy”
Economy May 27, 2023 | 5:26 pm
Santiago de los Caballeros, DR.- The governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, said that tourism is the spearhead of the economy, as it generated revenues o[...]World Bank approves $400 million loan to the country to expand energy sector
Economy May 27, 2023 | 2:49 pm
On Friday, the World Bank approved a US$400 million loan in support of the Dominican Government's measures aimed at increasing transparency, accountability and efficiency in the energy sector. In a[...]Banco Popular Dominicano recognized by financial magazines
Economy May 27, 2023 | 2:23 pm
Yesterday Banco Popular Dominicano announced that the financial magazines Euromoney and Global Finance awarded the work carried out by the Private Banking Area of this financial institution as the bes[...]For every 100 poor men in the Dominican Republic, there are 136 women in the same condition.
Economy May 25, 2023 | 10:43 am
Santo Domingo.- According to the Monetary Poverty 2022 bulletin published by the Ministry of Economy, Planning, and Development (MEPyD), for every 100 poor men in the country, there a[...]World Bank Approves $100 Million to Support the Integration of Social Protection Services, Economic Inclusion, and Resilience in the Dominican Republic
Economy May 25, 2023 | 8:36 am
Washington.- The World Bank has approved a US$100 million loan to support the Dominican Republic in improving the efficiency of delivering integrated social protection services and pr[...]Deligne: the Abinader government has provided construction facilities that have improved the economy of the Dominican Republic
Economy May 24, 2023 | 10:28 am
Santo Domingo.- Minister of Public Works and Communications, Deligne Ascención, highlighted the efforts of President Luis Abinader's government to streamline construction permits and[...]Ministry for Women in the Dominican Republic receives equipment donation from the European Union
Economy May 23, 2023 | 2:34 pm
Santo Domingo.- The Ministry for Women in the Dominican Republic has received a significant donation of equipment from the European Union through the Coordination Program for the Prev[...]The International Monetary Fund asks the Dominican Republic to lower exemptions, increase the tax base and a fiscal responsibility law
Economy May 22, 2023 | 1:44 pm
Santo Domingo.- The International Monetary Fund (IMF) has suggested several short and medium-term measures for the Dominican Republic to ensure macroeconomic stability and fiscal sust[...]Dominican cinema arouses interest from France and the United Kingdom in Cannes
Economy May 22, 2023 | 10:42 am
Marianna Vargas, the director of the General Directorate of Cinema (DGCine) in the Dominican Republic, expressed the DGCine's interest in promoting an exchange of audiovisual works between France and [...]Unions propose to reduce the working day in the Dominican Republic from 44 to 40 hours
Economy May 22, 2023 | 8:12 am
Santo Domingo.- The unions in the Dominican Republic are seeking changes to the Labor Code, aiming for a maximum weekly working hours reduction from 44 to 40, and a shift in the start[...]Collado: “Tourism contributes almost 60% of the Dominican Republic economy”
Economy May 21, 2023 | 10:05 am
The Minister of Tourism, David Collado, stressed that tourism currently contributes around 60% of the economy of the Dominican Republic. "It is clearly evidenced that tourism is contributing almost[...]Real estate investment for Airbnb is on the rise in the Dominican Republic
Economy May 19, 2023 | 11:51 am
Santo Domingo.- Housing complexes in tourist areas are driving the popularity of short-term rental accommodations, offering an attractive option for investment and vacationing simulta[...]Deputies dismiss claims of financial collapse due to social security reform
Economy May 19, 2023 | 11:47 am
Santo Domingo.- Several deputies who were part of the bicameral commission responsible for preparing the report to reform Law 87-01 on Social Security have argued against the concerns[...]Where did the products made in Dominican Republic go and from where were others brought?
Economy May 14, 2023 | 12:30 pm
During the first quarter of 2023, the Dominican Republic exported US$46.5 million less than in the same period last year. There were 3,005.7 million dollars against 3,052.2 million dollars in 2022.[...]Abinader warns that measures will not be relaxed
Economy May 14, 2023 | 12:02 pm
President Luis Abinader headed yesterday the launching of the Single Payment Management System (Sugep) and the Internal Control Index of the Comptroller General of the Republic, where he warned that t[...]Dominican Republic records the highest foreign direct investment inflows in its history
Economy May 14, 2023 | 8:00 am
The executive director of ProDominicana, Biviana Riveiro Disla, pointed out that for the first time, the Dominican Republic reached a record figure for Foreign Direct Investment, with an inter-annual [...]After 60 weeks, the Government lowers the price of gasoline in the Dominican Republic.
Economy May 13, 2023 | 9:44 am
The price of a barrel of oil has fallen in international markets, but so far it has not been reflected in the country. The Ministry of Industry and Commerce and MSMEs (MICM) ordered a reduction in [...]The Dominican Republic attracted 4,010 million dollars in foreign direct investment in 2022
Economy May 11, 2023 | 2:41 pm
Santo Domingo.- Foreign Direct Investment (FDI) in the Dominican Republic reached a record high of $4.01 billion in 2022, representing a 25.5% increase compared to the previous year. [...]
