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.
The National Institute for the Protection of Consumer Rights (Pro Consumidor) has resolved nearly 1,500 conflicts between real estate agencies and consumers. They have also achieved the return of over 800 million pesos in conciliations for home buyers who made different claims at the institution. The executive director of Pro Consumidor, Eddy Alcántara, stated that … Read more
Santo Domingo. The International Monetary Fund (IMF) has revised its growth projection for the Dominican Republic’s economy in 2023 to 3%, down from its previous estimate of 4.2% in April. The IMF recommends that the country focus on improving credibility, improving the business climate to boost productivity, strengthening government management and social safety nets, and … Read more
Santo Domingo.- The Dominican Republic has demonstrated stronger cybersecurity in recent years, resulting in fewer cyberattacks during the first half of 2023 compared to 2022 and 2021, according to FortiGuard Labs’ latest report on the Global Threat Panorama in Latin America. The report states that the Dominican Republic faced around 470 million cyber attack attempts … Read more
Haiti.- The border is closed for the second consecutive day due to decisions by neighboring countries. Haiti is actively seeking solutions to reduce its dependence on imports from the Dominican Republic. The Haitian Secretary of Commerce is organizing meetings with business leaders and importers, with the cooperation of Mexico, to explore options to replace food … Read more
Santo Domingo.- Every year, the Executive Branch includes provisions in the general budget bill of the Nation to temporarily modify the legislation in order to address challenges related to resource allocation and concerns about revenue reduction. One provision in particular deals with the annual inflation adjustment of the employee income tax (ISR) in the Dominican … Read more
Santo Domingo.- The Ministry of Industry, Commerce and MSMEs of the Dominican Republic is establishing a humanitarian corridor to provide essential products to Haitian citizens. Minister Víctor “Ito” Bisonó announced on Twitter that they are collaborating with local merchants, authorities, and civil society to create this mechanism. “We are working to provide Haitian citizens with … Read more
Santo Domingo.- The European Union maintains strict standards for accepting foreign-grown products into its market, and this includes products from the Dominican Republic, a major exporter of organic bananas and cocoa to Europe. The frequency of physical checks on Dominican green beans has been reduced from 50% to 30% over the past year. However, concerns … Read more
Santo Domingo.- Jamaica’s financial and business community is looking towards the Dominican Republic as a prime example of achieving ambitious development goals. Jeffrey Hall, Vice Chairman and CEO of PanJam Investment, highlighted this perspective during his speech at the Institute of Chartered Accountants of Jamaica’s 2023 Business Conference. Hall emphasized the importance of considering the … Read more
By Patty de la Cruz Punta Cana. Biviana Riveiro, executive director of the Export and Investment Center of the Dominican Republic (ProDominicana), presented the results of the report “Situation of the Fashion sector in the Dominican Republic 2023”. The report shows the growth of items covered by this important industry, which has a great impact … Read more
Santo Domingo.- A luxury mansion in the Dominican Republic is for sale for $45 million. The mansion is located in La Romana, within a Dominican tourist complex, and is being sold by Sotheby’s International Realty. The mansion was purchased by Stanley and Conchita Meek in 2017. It offers a variety of luxurious features, including a … Read more