$225 million project to modernize the electricity sector in the Dominican Republic approved by the World Bank

5 million project to modernize the electricity sector in the Dominican Republic approved by the World Bank

Santo Domingo.- The World Bank has approved a new initiative in the Dominican Republic, investing $225 million to upgrade the country’s electricity sector. The project aims to reduce electricity distribution losses by rehabilitating networks, improving technology, and reducing power outages. Approximately 813,000 consumers in urban and rural areas are expected to benefit from these improvements. … Read more

Tocumen International Airport matched its passenger numbers in November 2019

Tocumen International Airport matched its passenger numbers in November 2019

City of Panama.- He Tocumen International Airport processed 1,503,860 passengers last November, reaching a total of 16.2 million passengers processed so far this year 2023. Raffoul Arab, General Manager of the Tocumen International Airport, said that in the first 11 months of 2023 we have practically equaled the historical passenger record of 2019. “Everything indicates … Read more

USAID pledges $1.4 million to enhance trade in the Dominican Republic

USAID pledges .4 million to enhance trade in the Dominican Republic

SANTO DOMINGO.- The United States Agency for International Development (USAID) has announced a major commitment to support the Dominican Republic’s business sector. Deputy Administrator Isobel Coleman revealed a $1.4 million donation. The announcement was made during her visit to the Ministry of Industry, Commerce and MSMEs. This financing aims to strengthen the Global Alliance for … Read more

President Abinader pledges over one billion pesos to support the Dominican poultry industry

President Abinader pledges over one billion pesos to support the Dominican poultry industry

Santo Domingo.- In a significant move to boost the Dominican Republic’s poultry industry, President Luis Abinader has announced the allocation of more than one billion pesos for various initiatives aimed at improving this vital sector. This commitment was revealed during a meeting organized by the Dominican Association of Poultry Farmers (ADA) in Moca. The president … Read more

Survey from ENHOGAR 2022 uncovers difficulties in the provision of drinking water in the Dominican Republic

Survey from ENHOGAR 2022 uncovers difficulties in the provision of drinking water in the Dominican Republic

Santo Domingo.- The ENHOGAR 2022 survey, carried out by the National Statistics Office of the Dominican Republic, provides information on the state of the drinking water service throughout the country. Of 35,949 people surveyed, only 25,925 receive drinking water. The survey highlights that more than half of these homes receive water service only 1 to … Read more

InterEnergy Group Emphasizes the Need to Speed Up the Energy Transition at COP28

InterEnergy Group Emphasizes the Need to Speed Up the Energy Transition at COP28

Dubai, UAE.- At the 28th United Nations Climate Change Conference (COP28) held in Dubai, Rolando González Bunster, president and founder of InterEnergy Group, shared his vision on the need for collaboration between governments, the private sector, and multilateral organizations to achieve sustainable, reliable, and affordable energy matrices. During his interventions he shared the stage with … Read more

Barrik Pueblo Viejo awarded the Dominican Republic Platinum Seal for gender equality by Igualando

Barrik Pueblo Viejo awarded the Dominican Republic Platinum Seal for gender equality by Igualando

Santo Domingo.- Barrick Pueblo Viejo, a leading mining company in the Dominican Republic, has been awarded the prestigious Igualando RD Platinum Seal. This recognition, which is part of a certification program of the Ministry of Women and the United Nations Development Program (UNDP), is a recognition of the company’s sustained efforts to promote gender equality … Read more

Dominican Republic’s main banks pledge $250 million to support women-led SMEs

Dominican Republic’s main banks pledge 0 million to support women-led SMEs

NY.- Banco Popular Dominicano (Banco Popular) has partnered with the United States International Development Finance Corporation (DFC) and Banco Santander in a major financial collaboration to support the growth of small and medium-sized businesses (SMEs) in the Dominican Republic. They have signed an agreement for a financing fund of US$250 million, specifically aiming to support … Read more

Ziplines at Runners Adventures receive re-accreditation from the United States ACCT

Ziplines at Runners Adventures receive re-accreditation from the United States ACCT

Punta Cana, RD.- During the month of October Runners Adventures received at its facilities Dr. Jeffrey N Boeke, EdD, who is the Facility Certification Inspector and Guide Certifier of the Association for Challenge Course Technology (ACCT), who was invited by the company to carry out the annual inspection and certification of the mechanical construction, infrastructure … Read more

Punta Cana Today, Real Estate Market News