Economy July 9, 2015 - 9:30 am

Free zones flourish, but state loan payments wither

Santo Domingo.- Just days after questions emerged on the governmentloan of US$31.4 million made in July 2007 to the Free Zones which they’ve yetto pay most of it, the heads of its association (ADOZONA) lauded the officialsupport to the sector.

ADOZONA president Jose Tomas Contreras headed thedelegation that visited president Danilo Medina at the National Palace Wednesday,and said the free zones underwent a remarkable recovery in recent years.

He said there are around 620 free zone companies currentlyoperating, with 160,000 direct jobs.

Citing Central Bank figures, the business leader said thefree zones generate RD$60.0 billion for the economy per year, including wages,local purchases and services payments.

COVID-19

April 30, 2024 - 10:04 am

SeNaSa hires more than 1,500 doctors

April 26, 2024 - 9:23 am

Pro Consumidor clears rice brands of harmful metals

April 22, 2024 - 1:21 pm

Ney Arias Lora Hospital and CMD appeal ruling

April 15, 2024 - 8:40 am

Cyber attack exposes Covid-19 vaccination records in Dominican Republic

MOST READ

World

Seven countries to contribute mission agents to Haiti

Tourism

Cuba shows interest in exploring opportunities in Dominican tourism

Local

Scientific study reveals oil generation potential in Dominican Republic’s basins

Tourism

Hyatt to add 1,000 rooms in Dominican Republic with two new hotels

MORE NEWS

Local

COE keeps 26 provinces on alert for trough over Dominican Republic

Local

“We reject the installation of refugee camps for Haitians in the Dominican Republic,” says Vargas Maldonado

Local

Rains continue throughout the weekend

Local

ICC Entrepreneurship Center to foster international trade in the Dominican Republic