Valdez Albizu reports that the Dominican economy grew 5.7% in January-March 2019
Economy May 18, 2019 | 11:06 am
Santo Domingo Dominican Republic. - The governor of the Central Bank of the Dominican Republic (BCRD), Hector Valdez Albizu, announced that the Dominican Republic registered a real gross domestic pro[...]Government cuts fuel prices for second consecutive week
Economy May 18, 2019 | 9:12 am
The Ministry of Industry, Commerce and Mipymes, ordered this Friday the reduction in all fuel prices for the second consecutive week, except for natural gas, which maintains its price. He reported [...]All fuels fall, except natural gas
Economy May 17, 2019 | 3:08 pm
Santo Domingo.- The Industry and Commerce Ministry on Friday posted the fuel prices for the week from May 18 to 24, when premium gasoline will cost RD$238.30, or RD$2.80 lower, while regular will cost[...]Dominican exports to China quadruple in 1Q, envoy says
Economy May 17, 2019 | 11:52 am
Santo Domingo.- China ambassador, Zhang Run, affirmed Thurs. that Dominican exports to his country have quadrupled in the first quarter, and reported a 33% jump of Chinese visitors to the Caribbean co[...]Home Expo offers 8.77% financing, up to 20 years to pay.
Economy May 17, 2019 | 8:45 am
Santo Domingo.- The State-owned Reservas bank on Thurs. inaugurated its 2019 Home Expo, with financing of 8.77% and up to 20 years to pay. Reservas business director Mirjan Abreu, said that more th[...]Dominican Republic fares well in public-private partnerships: study
Economy May 16, 2019 | 6:57 pm
Santo Domingo.- In the most recent Infrascopio 2019 report, developed by the Economist Intelligence Unit and the Inter-American Development Bank (IDB), the Dominican Republic ranks 16th out of the 21 [...]Starbucks coming to the Dominican Republic
Economy May 16, 2019 | 6:27 pm
Santo Domingo.- Starbucks announced today that it has reached a license agreement with Green Star Partners, an alliance that combines decades of experience nationally and internationally in multiple s[...]Coral reefs give Dominican Republic US$1.14B yearly
Economy May 16, 2019 | 1:13 pm
Santo Domingo.- Aimed at restoring biodiversity with the value it deserves, several Dominican Gov. agencies and NGOs on Thurs. presented the study "Identification and valuation of the ecosystem servic[...]Invest in the country now or miss out: top mogul
Economy May 16, 2019 | 10:07 am
Santo Domingo.- Officials and business leaders on Wed. listed the country’s opportunities for foreign and local investments in several sectors to boost Dominican Republic’s economy. The statem[...]April prices climb 0.53%, paced by transport
Economy May 16, 2019 | 8:44 am
Santo Domingo.- The Dominican Central Bank on Wed. said consumer prices rose 0.53% in April, while cumulative inflation for the first four months stood at 1.39%. “With this result annualized infl[...]Dominican expert explains regulations on electronic invoicing
Economy May 16, 2019 | 7:51 am
Santo Domingo.- Introducing leading edge technological tools in the Dominican Republic to help companies comply with the new Internal Taxes (DGII) regulations regarding electronic invoicing is what Do[...]North region builders fume as cement prices jump 43%
Economy May 15, 2019 | 11:44 am
Santiago.- Cibao Housing Promoters and Builders Association (Aprocovici) president Anthony Canaan, on Tue. denounced a “disproportionate” increase in cement prices of up to 43%, which he affirms m[...]Canadians are shown Dominican Republic’s business opportunities
Economy May 15, 2019 | 11:07 am
Santo Domingo.- Foreign minister Miguel Vargas on Tues. met with Canada ambassador, Shauna Hemingway, and 17 executives from as many Canadian companies established in the Dominican Republic, to discus[...]Firm snaps up majority stake in 116MW solar park, ‘biggest in region’
Economy May 15, 2019 | 10:14 am
Santo Domingo.- Blue Elephant AG (BEE) based in Hamburg, Germany plans to buy a majority stake in the 116MW Montecristi (northwest) solar park from F&S solar concept GmbH in the Dominican Republic[...]Medina, IDB chiefs powwow development in the Palace
Economy May 15, 2019 | 8:41 am
Santo Domingo.- President Danilo Medina on Tues. met with Inter-American Development Bank (IDB) directors in the National Palace where they discussed topics of interest. After the meeting IDB execu[...]Reclassification of companies stalls wage hike talks
Economy May 15, 2019 | 8:16 am
Santo Domingo.- Union leaders on Tuesday walked out of the talks between labor and management leading to a salary increase, over a dispute on the reclassification of companies, and announced protests [...]Resilience drove Dominican Republic 5.7% GDP growth in 1Q
Economy May 14, 2019 | 11:22 am
Santo Domingo.- Central Banker Héctor Valdez Albizu, on Tues. said Dominican Republic’s GDP grew 5.7% during the January-March 2019 period. He said Construction (12.5%), Energy and Water (11.7%)[...]Agroalimentaria 2019 Fair spurs national production
Economy May 14, 2019 | 9:02 am
Santo Domingo.- Special Agricultural Development Fund (FEDA), director Juan Francisco Caraballo, on Mon. stressed the importance of the "Agroalimentaria 2019" Fair and affirmed that it spurs national [...]Petroleum derivatives consumption fell 97.5M gallons in 2018
Economy May 14, 2019 | 8:28 am
Santo Domingo.- Dominican Republic’s consumption of petroleum derivatives was 1.24 billion gallons in 2018, or 97.5 million less, compared to the same period of 2017 when it reached 1.34 billion gal[...]Dominican Republic, Holland, possessions sign air services agreement
Economy May 13, 2019 | 4:24 pm
Santo Domingo. - Foreign minister, Miguel Vargas, on Mon. signed air services agreements with the Netherlands, Curaçao and St. Maarten, which establish a regulatory framework in air-commercial topics[...]