EU allocates 14.8M euros to help the government’s budget
Economy March 7, 2019 | 11:31 am
Santo Domingo.- The Dominican Government and the European Union announced Wednesday the signing of a budget support agreement for 14.8 million euros, to be disbursed during the next three years. [...]Dominican economy grows and grows, but informality weighs
Economy March 7, 2019 | 8:04 am
Santo Domingo.- The Dominican economy has been constantly growing in recent years, but is unable to create sufficient taxes and jobs, said the economist José Luis de Ramón in the panel "Economic Per[...]Qatar wants to sell natural gas to the Dominican Republic
Economy March 7, 2019 | 7:36 am
Santo Domingo.- The Qatari government seeks to sell natural gas to the Dominican Republic, from the 75% of its production it exports annually. Qatari Embassy chief of staff Khalid Al Sharshani, on [...]Energy Efficiency Plan could cut consumption 13.2%: official
Economy March 6, 2019 | 10:35 am
Santo Domingo.- If the Energy and Mines Ministry's National Energy Efficiency Plan is applied, the country could save 3,276 gigawatts per year, or a 13.2% cut in consumption until 2030. Energy and [...]Medina meets with big Business leaders, few details
Economy March 6, 2019 | 9:32 am
Santo Domingo.- President Danilo Medina on Tues. met with the newly-elected board of the National Business Council (Conep), to continue to strengthen the public-private partnership. The meeting too[...]Dominican Govt. to build a wall at border town
Economy March 6, 2019 | 8:37 am
Santo Domingo.- The Government will build a wall at the border town El Carrizal, western Elías Piña province, to control the flow of people and goods to and from Haiti, "seeking effective and effici[...]Dominican-Haiti border market earns US$1.4M weekly; spreads
Economy March 6, 2019 | 8:03 am
Dajabón, Dominican Republic.- The Dominican-Haitian border market held Monday and Friday totals up to RD$70 million (US$1.4 million) in those two days, according to merchants from both countries. [...]Pact looks to bolster recycling of plastic, construction materials
Economy March 5, 2019 | 5:55 pm
Santo Domingo.-The Dominican Industries Association (AIRD) and govt. program Dominicana Limpia (clean) on Tues. agreed to work together to strengthen recycling and educational actions in the sectors o[...]Dominican Ambassador presents credentials in Qatar
Economy March 5, 2019 | 4:00 pm
Qatar.- Ambassador Federico Cuello Camilo presented his credentials as president Danilo Medina's envoy to the Emir of the state of Qatar, Sheikh Tamim Bin Hamad Al Thani, in the majestic royal palace [...]Public Works unveils 32 major projects in the capital, the South
Economy March 5, 2019 | 11:18 am
Santo Domingo.- A beltway around the Los Alcarrizos subdivision, an overpass at Isabel Aguiar street with 27 de Febrero avenue and the reconstruction of the floating bridge at Santo Domingo harbor a[...]Chinese giant opens environment-friendly manufacturing plant
Economy March 4, 2019 | 12:45 pm
Santo Domingo.- The Hong Kong-based HAYCO Group, a fully integrated manufacturing conglomerate, opened an environmentally conscious manufacturing and production plant in the country on February 28. [...]Dominican Republic among least attractive for mining investors
Economy March 4, 2019 | 11:56 am
Santo Domingo.- The Dominican Republic is among the least attractive countries for mining investors, ranking 76 out of 83 evaluated, according to the Fraser 2018 survey, which is a world reference for[...]We must forge ahead despite pending pacts: young business leaders
Economy March 4, 2019 | 11:11 am
Santo Domingo.- For National Young Entrepreneurs Association (ANJE), postponing the electric and fiscal pacts does not mean that the country won't continue improving including its institutional framew[...]Industries discard 30% hike to minimum wage
Economy March 1, 2019 | 6:14 pm
Santo Domingo.- Dominican Industries Association (AIRD) vice president Circe Almánzar, on Mon. said labor's proposed 30% increase to the minimum wage would put employers in a very "cumbersome" positi[...]All fuels except natural gas rise again
Economy March 1, 2019 | 1:16 pm
Santo Domingo.- The Industry and Commerce Ministry on Fri. posted the fuel prices for the week from March 2 to 8, when premium gasoline will cost RD$221.60, or RD$4.00 more, and regular gasoline will [...]US$10M for NW port like throwing away money, sectors warn
Economy March 1, 2019 | 12:44 pm
Montecristi, Dominican Republic.- North region business and social sectors on Fri. stated their disagreement with the investment plans for Manzanillo port, and reiterated their position that the proje[...]Gov. agency hosts 1st regional forum to promote exports
Economy February 28, 2019 | 4:12 pm
Santiago.- Dominican Republic's Export and Investment Center (CEI-RD) held the first regional export forum to promote exports, identifying business opportunities and gathering strategic information fr[...]Social Security redo cuts AFP’s profits, saves workers US$800M
Economy February 28, 2019 | 10:03 am
Santo Domingo.- Amid applause from the audience in the National Assembly, president Danilo Medina said he sent to Congress a bill to amend the Social Security Law which would significantly cut the pro[...]Dominican Republic power plant of scandal comes online
Economy February 28, 2019 | 7:39 am
Santo Domingo.- At 5:35pm yesterday, the first unit of the Punta Catalina Power Plant came online with an initial 36.5 megawatts to the national grid (SENI), State Electric Utility (CDEEE) CEO Rubén [...]Labor productivity in the Dominican Republic grew 4.32%
Economy February 27, 2019 | 8:07 am
Santo Domingo. - Labor productivity in the country grew an average of 4.32%, an increase that has [...]