News

Call centers provide 18,000 jobs, can create 60,000 more

Monday, April 23, 2018

Santo Domingo.- Dominican Republic is the Caribbean’s second best country in the use of the English language, which poses an advantage to attract foreign direct investment in companies such as call centers.

UK investments in Dominican Republic top US$1.0B, seeks more

Thursday, April 19, 2018

Santo Domingo.- United Kingdom’s investments in the Dominican Republic exceed US$1.0 billion, according to British ambassador Chris Campbell. “We have a large investment in Brugal (rum) by the Edrington group, which is the largest investment we have here in the country.

Dominican Republic Economic Outlook

Tuesday, April 17, 2018

Leading data indicates that the economy has maintained the solid momentum from the fourth quarter of 2017 this year as it continues to benefit from the fiscal and monetary easing that has been in place since mid-2017.

Senate approves US$50.0M loan to improve tax management

Thursday, March 22, 2018

Santo Domingo.- The Senate on Wed. approved a US$50 million loan from the Inter-American Development Bank (IDB), aimed at improving Dominican Republic’s tax administration efficiency and public spending.

Associations to motor Dominican-Uruguay trade

Thursday, March 22, 2018

Santo Domingo.- The Dominican Exporters Association (ADOEXPO) and Uruguay’s Exporters Union (UEU) on Thurs. agreed to increase trade between both nationals, by making it easier for several Dominican articles to enter the South American country.

Medina, South Korea Premiere talk investment, cooperation in the Palace

Friday, March 16, 2018

Santo Domingo.- President Danilo Medina on Mon. received in the National Palace South Korea premiere Lee Nak-yeon, who’s on a three day official visit to the Dominican Republic.

Several bilateral topics were discussed during the meeting, including Korean cooperation and investment projects in the country.

Pace of Spanish investment in DR declines in last 12 months

Friday, March 2, 2018

Santo Domingo.- The Spanish Chamber of Commerce in the Dominican Republic revealed Thurs. that the pace of his country’s investment in the country has fallen in the last 12 months.

IDB has up to US$650.0M to finance projects this year

Tuesday, February 20, 2018

Santo Domingo.- Inter-American Development Bank (IDB) representative Miguel Coronado on Mon. said that agency works on a strategic support plan with financing for various projects in the Dominican Republic, through disbursements as high as US$650.0 million expected this year.

Dominican Republic’s top challenge, step up reforms: IMF

Wednesday, February 14, 2018

Santo Domingo.- The IMF mission that visited the country during the past two weeks, concluded that the main challenge for the future is to accelerate reforms to create resilience against risks, raise potential growth and further reduce poverty and inequality.

Dominican exports to US trail Cafta-DR trade pact nations

Monday, February 5, 2018

Santo Domingo.- As part of the United States-Central America free trade agreement (Cafta-DR) Dominican Republic has lagged behind in exports to the US market, compared to its counterparts, Costa Rica and Honduras, from 2007 to 2016.