Are you looking for the latest news and updates on finance in the Dominican Republic? Our “Dominican Republic Finance” category provides up-to-date information on topics like banking, taxes, investing, and more. Stay informed with our comprehensive coverage of the financial landscape of the Dominican Republic, including expert analysis and information on the country’s economic trends and policies. From local business developments to global market updates, our category is your go-to source for all things finance in the Dominican Republic.
Punta Cana.- The Puntacana Group announced details of its next hotel project in the East of the Dominican Republic, a venture valued at more than 100 million pesos. The project will have approximately 80 ultra-luxury rooms. The Playa Serena Punta Cana Resort is scheduled to open in 2026. It will represent the group’s foray into … Read more
Santo Domingo.- Banco BHD hosted its inaugural BHD Tourism and Investment Forum, designed as a platform to present and discuss topics of mutual interest related to tourism and foreign investment in the Dominican Republic. This initiative, organized by BHD Business and Business Banking, coincided with the celebration of the Madrid International Tourism Fair (FITUR). Steven … Read more
Santo Domingo.- At the end of 2023, the Dominican bank played a fundamental role in promoting the development of the tourism sector with a credit portfolio that exceeded RD$105,500 million (US$1,824.5). These funds were essential to finance hotel projects and associated businesses. According to the preliminary version of the Annual Banking and Tourism Report of … Read more
Fernando González Nicolás The president of the Round Table of Commonwealth Countries in the Dominican Republic, Fernando González Nicolás, clarified that banning plastics is not the most practical or economical measure to avoid pollution. He said that, currently, certified technologies guarantee the conversion of plastics into water and biomass so that they do not contaminate … Read more
Santo Domingo.– The Dominican Republic's free trade zones (FTZs) experienced record growth in 2023, with exports reaching $8.06 billion, up from $5.89 billion in 2020. The 36.7% growth was the most high in the history of the FTZ sector, which also created 17.5% more jobs in 2023, reaching 197,674. “These results are the product of … Read more
Santo Domingo.- INICIA announced through a press release the acquisition of all the shares that Gerdau had in Gerdau Metaldom, Gerdau Diaco, Cyrgo and Kbina. This transaction was carried out through the INICIA investment fund dedicated to the construction materials industry. By reaffirming its commitment to society and the national economy, INICIA expressed its short … Read more
Santo Domingo.- In a letter to President Luis Abinader dated December 31, 2023, French President Emmanuel Macron expressed France's commitment to strengthening bilateral relations with the Dominican Republic. The letter underlines France’s desire to contribute to infrastructure and urban mobility projects in the country. President Macron specifically praised the Dominican Government’s trust in French companies … Read more
The country is ranked seventh with the highest growth for this concept in the recently begun 2024. Punta Cana; The Dominican Republic is among the countries with the highest income in the tourism market in Latin America in 2024, according to forecasts from Statista Market Insights. The country is ranked seventh with the highest growth … Read more
photo from arecoa.com Santo Domingo.- Fernando Hazoury, president of the Board of Directors of Cap Cana, emphasized the fundamental role of tourism in the economic growth of the Dominican Republic. He compared tourism to the nation's “oil,” underlining its potential to transform the country from a developing country to a wealthy one. Hazoury stressed that, … Read more
Santo Domingo.- The Livestock Improvement Project in the Dominican Republic, Promegan, achieved 17,000 inseminations by enhancing 13 existing artificial insemination services and establishing 12 new ones. Financed by the Presidency of the Republic, the program, carried out in collaboration with Conaleche and Ganadería, aims to boost the productivity of the livestock herd and promote the … Read more