Finance

Santo Domingo.- The Ministry of Foreign Affairs (MIREX) of the Dominican Republic and the Association of Industrialists of the Northern Region (AIREN) signed a cooperation agreement aimed at boosting investments and promoting the comprehensive development of the country. This partnership is a strategic step to use the strengths of the Dominican Republic to foster social, … Read more

Santo Domingo.- A high-level meeting, led by Federal Senator Adriano Espaillat, brought together New York elected officials, including members of the State Congress and councilors, with the Minister of Public Works and Communications of the Dominican Republic, Deligne Ascención, and her team. The meeting focused on climate change and the resilience of public infrastructure. The … Read more

Santo Domingo.- Arajet, a Dominican airline, has established a new record in its 14 months of operation by transporting a total of 54,243 passengers in November. This figure represents 75% of the total passengers transported by all airlines registered in the Dominican Republic. The information comes from a recent report from the Civil Aviation Board … Read more

Kingston, Jamaica—The Embassy of the Dominican Republic in Jamaica marked a significant milestone with the First Dominican Republic-Jamaica Cigar and Rum Business Forum, an innovation in commercial diplomacy. This provided a platform to benefit the national economy, allowing Dominican companies to connect with influential importers and distributors in Jamaica, crucial sectors such as tourism, and … Read more

Santo Domingo—The Dominican Republic is more competitive in tourism than other countries, but faces the challenge of more equitably distributing the benefits derived from the growth of this sector. Precarious results are observed in the distribution of tourist wealth and in the quality of essential public services. The Dominican Republic exhibits levels of competitiveness above … Read more

Santo Domingo.- Non-commercial private aviation generates more than US$400 million for the Dominican Republic, according to Víctor Pichardo, executive director of the Department of Airports (DA). “Only in the Atlantic, more than 200 operations are carried out, plus all the visitors who arrive. It is a tourism that we are promoting, since in the Bahamas … Read more

Santo Domingo.- George Logothetis, CEO of Libra Group, a multinational investment firm, recently concluded a 48-hour visit to the Dominican Republic. Invited by President Luis Abinader, Logothetis expressed his admiration for the country and recognized its potential for foreign investment, particularly in industries such as aerospace, hotels and renewable energy. During its visit, Logothetis explored … Read more

Santo Domingo.- The Embassy of the Dominican Republic in Jamaica recently held its First Cigar and Rum Business Forum, a pioneering event in commercial diplomacy, which aims to boost the cigar and rum sectors of the national economy. This forum, held at the modern AC Hotel in Kingston, provided a unique opportunity for Dominican companies … Read more

Santo Domingo.- During her recent visit to the Dominican Republic, USAID Deputy Administrator Isobel Coleman announced a significant donation of $1.4 million from the United States Government to support the Global Alliance for Trade Facilitation (GATF) in the country. This initiative aims to improve trade and nearshoring opportunities through collaborative efforts between the public and … Read more

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