Punta Catalina leads energy generation in the Dominican Republic
Economy January 9, 2024 | 9:40 am
Baní.- The Punta Catalina Electric Generation Company (EGEPC) has solidified its position as a leading entity in the Dominican Republic's energy generation sector. Recent statistics [...]President Luis Abinader prioritizes traditional and renewable energy projects in the Dominican Republic
Economy January 9, 2024 | 8:10 am
Santo Domingo.- President Luis Abinader, through decree 3-24, has emphasized the Dominican Republic's commitment to enhancing its energy sector. The decree declares the promotion and [...]Dominican Government invests in vocational education to boost economic competitiveness
Economy January 8, 2024 | 10:13 pm
Santo Domingo.- The Dominican Government is investing heavily in vocational education in an effort to boost the country's economic competitiveness. In an article published in a loc[...]IDB Invest grants $75 Million loan to Banco BHD to empower women entrepreneurs
Economy January 8, 2024 | 2:47 pm
Santo Domingo.- IDB Invest, a member of the IDB Group, has announced a significant initiative to bolster the economic empowerment of women in the Dominican Republic. A subordinated lo[...]Banco Popular dominates tourism financing at FITUR 2023
Economy January 8, 2024 | 8:12 am
Madrid.- The Dominican Popular Bank is set to reinforce its prominent role in financing and supporting the national tourism industry at the 44th edition of the International Tourism F[...]Edeeste announces plan to supply growing energy demand
Economy January 7, 2024 | 7:08 pm
Santo Domingo, DR—Empresa Distribuidora de Electricidad del Este (Edeeste) is contemplating an investment of RD$920 million to meet the growing demand for energy in its concession area, the largest [...]Google’s information on dollar to peso exchange rate is false, says Central Bank
Economy January 7, 2024 | 9:00 am
Santo Domingo--The Central Bank informed today that the exchange rate for the US dollar is quoted in the exchange market at 58.63 for sale and 58.31 for purchase. Likewise, it specifies that the in[...]The Dominican Republic has several construction challenges
Economy January 6, 2024 | 11:00 am
Santo Domingo—The President of Codia says that 80% of the constructions in the country are illegal, so supervision must be increased.What’s happening with the price of the dollar in the Dominican Republic, Guillermo Caram answers
Economy January 6, 2024 | 10:00 am
Santo Domingo—The former governor of the Central Bank, Guillermo Caram, informed this Friday that the dollar had increased the satisfaction of the demand for imports, thus leading to a reactivation [...]New Contract for Dominican airports Siglo XXI (Aerodom) to be published in Special Gazette
Economy January 5, 2024 | 4:25 pm
Santo Domingo.- The Legal Consultant of the Executive Branch, Antoliano Peralta, has announced that a "more voluminous gazette" is being prepared for the publication of the new contra[...]Banreservas Administrator applauds ITM Group and President Luis Abinader for Port Cabo Rojo
Economy January 5, 2024 | 10:40 am
Pedernales.- Samuel Pereyra, the General Administrator of Banreservas, has congratulated the ITM Group and President Luis Abinader for the inauguration of the first phase of the Port [...]Central Bank of Dominican Republic corrects exchange rate error on Google
Economy January 5, 2024 | 8:10 am
Santo Domingo.- The Central Bank of the Dominican Republic has issued a clarification regarding the exchange rate of the US dollar. As of January 4, the correct rates are RD$58.6347 f[...]Standard & Poor’s reaffirms Dominican Republic’s ‘BB’ rating with stable outlook
Economy January 5, 2024 | 8:07 am
Santo Domingo.- Standard & Poor's (S&P Global) has reasserted the Dominican Republic's credit rating as “BB with a stable outlook.” This decision reflects the country's st[...]Banco BHD to host tourism and investment forum in Madrid
Economy January 4, 2024 | 4:01 pm
Madrid.- Banco BHD is set to conduct the BHD Forum on "Sustainable Tourism: Current Situation, Perspectives, Mitigating Factors, and Best Practices" in Madrid, Spain. The event, sched[...]Boost for Dominican tobacco: Agriculture Ministry donates agrochemicals
Economy January 3, 2024 | 2:45 pm
Santo Domingo.- In a significant move to bolster one of the Dominican Republic's key export sectors, the Ministry of Agriculture has provided a substantial donation of high-quality ag[...]Dajabón traders urge Government to negotiate with Haiti amid border closure rumors
Economy January 3, 2024 | 8:12 am
Dajabon.- Merchants from Dajabón have called on the Dominican government for urgent dialogue with Haiti, amidst growing concerns over potential border closure by Haitian authorities.[...]Dominican Republic advances in 2023 in risk rating
Economy December 31, 2023 | 11:07 am
But there is still some way to reach investment grade, especially a responsible fiscal reform that leaves no room for precariousness or wastefulness. The Dominican Republic made si[...]Investment funds boost employment and economic growth in the Dominican Republic
Economy December 27, 2023 | 8:11 am
Santo Domingo.- The Dominican Association of Investment Fund Administrators (ADOSAFI) has highlighted the significant impact of investment funds on the country's economy and job marke[...]Dominican Republic shows resilience against inflation in 2023
Economy December 25, 2023 | 11:32 am
Santo Domingo.- Throughout 2023, the Dominican Republic faced challenges due to the high cost of essential products, influenced by global events beyond local control. The COVID-19 pan[...]MIREX and AIREN collaborate to boost Dominican Republic’s economic and cultural development
Economy December 21, 2023 | 1:09 pm
Santo Domingo.- The Ministry of Foreign Affairs (MIREX) of the Dominican Republic and the Association of Industrialists of the Northern Region (AIREN) have entered into a cooperation [...]