Finance

Santo Domingo.- Dominican Republic sugar producers, represented by the National Sugar Union (UNAZUCAR), have expressed their opposition to a bill to eliminate the sugar import tax. Mr. César Heredia, president of UNAZUCAR, maintains that local plants are capable of meeting domestic demand and complying with international commitments, including the DR-Casta quota, making such a law … Read more

President Abinader says that the Dominican Republic is one of the safest countries in the world, which is getting stronger every day. The 10.3 million tourists who arrived in the Dominican Republic last year show that the country is still in the best moment for investment, as President Luis Abinader assured yesterday. When leading the … Read more

Economist Magín Díaz said on Friday that there is no risk of a currency crisis because the Central Bank has 15 billion reserves and has credibility. “Héctor Valdez Albizu comes out one day and says 'this is not going to move,' and it is not going to move because he controls expectations,” he explained. Díaz, … Read more

Santo Domingo.- President Luis Abinader emphasized the fundamental role of tourism in the transformation of the Dominican Republic into a leading global and regional tourism power. During a public speech, he recognized the significant economic impact of the sector and its role in job creation and community development. Abinader highlighted the direct and indirect employment … Read more

Santo Domingo.- President Luis Abinader presides over a Council of Ministers and general directors in the National Palace, focused on the execution of the 2024 budget of the Dominican Republic. The Minister of the Presidency, Joel Santos, provided information on the agenda prior to the start of the meeting. The discussion focuses on the implementation … Read more

Mines.- The Punta Catalina Electric Generation Company (EGEPC) has consolidated its position as a leading entity in the energy generation sector in the Dominican Republic. Recent statistics from the Coordinating Body of the National Interconnected Electrical System (CO) highlight this predominance. From January to November, EGEPC contributed a total of 4,460.32 GWh of energy, representing … Read more

Santo Domingo.- President Luis Abinader, through decree 3-24, has emphasized the Dominican Republic's commitment to strengthening its energy sector. The decree declares the promotion and development of traditional electricity generation projects and renewable energy sources within the Dominican territory as a matter of high national interest. This initiative aims to satisfy the growing demand for … Read more

President Luis Abinader at the inauguration of the Vocational School of the Armed Forces and the 14/24 Opportunity Program in Pedernales, February 2023. (Photo: Presidencia.gob.do) 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 local newspaper, the Vice … Read more

Santo Domingo.- IDB Invest, a member of the IDB Group, has announced an important initiative to promote the economic empowerment of women in the Dominican Republic. A subordinated loan of 75 million dollars will be granted to BHD Bank, extendable for up to seven years. This strategic financing aims to improve access to credit for … Read more

Madrid.- The Dominican Popular Bank will reinforce its prominent role in financing and supporting the national tourism industry in the 44th edition of the International Tourism Fair (FITUR). This important event is scheduled to take place at the Ifema exhibition center in Madrid, Spain, from January 24 to 28. The Banco Popular delegation has an … Read more