Economy July 9, 2019 | 3:22 pm

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Blackouts, politicking roil retailers

Santo Domingo.- The president of Dominican Republic’s retailers  grouped in Fenacerd, on Tues. warned that the blackouts and the political crisis are harming business and spawning a lack of will for new investments.

Manuel Ortiz called on politicians to show “maturity” to the electorate and resolve conflicts as soon as possible, since the situation in his view, “is not only creating uncertainty and concern in the Dominican people, but also in the owners of small and medium businesses.”

“Another threat that retailers in the city’s neighborhoods and provinces face is the drop in sales, registering between 24% and 30% in the second quarter of the year.”

Ortiz also asked the Presidency to issue an executive order to enact the Single Tax System, “since it will be a solution for MSMEs to formalize and access social security.”

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