News

Tourism: 8% of Dominican Republic’s GDP, grows 8.6%

Tuesday, October 3, 2017

Dominican Republic’s tourism sector accounts for 8% of GDP; has an aggregate value of 8.6% and an average growth of 1% higher than the economy as a whole, and supplies 332,589 jobs, or 8.4% of country’s the total,

AES Dominicana, Grupo Linda consolidate alliance

Tuesday, October 3, 2017

 AES Dominicana, a subsidiary of the AES Corporation of the United States, continues to bolster its strategic alliance with Grupo Linda, an economic consortium headed by Félix García, which increased its minority shareholding within the energy group.

China gets US$550.M ‘cozy’ with Dominican Republic

Friday, September 29, 2017

Santo Domingo.- China Commercial Development Office representative in the Dominican Republic, Fu Xinrong, on Thurs. said Chinese companies will invest US$350.0 million in a multifunctional hydraulic project on the Yuna River and US$200.0 million to build 10,000 low cost houses, of between 50 and 60 square meters.

Top official vows ‘clear rules’ to develop oil and gas industry

Tuesday, September 26, 2017

Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Tues. announced the fiscal policy and contractual proposals to develop Dominican Republic’s oil and gas industry, with options based on tax and production sharing, and balanced profit for the State and investors.

Trinidad & Tobago eyes strong business ties with Dominicans

Monday, September 18, 2017

Trinidad & Tobago deputy minister for Trade and Industry, France Seignoret, on Sunday stated her country’s interest in wider ties on trade, business and collaboration in Dominican Republic’s other areas development.

Textiles, agro top Taiwan’s Dominican investment list

Tuesday, September 5, 2017

Santo Domingo.- A mission of Taiwan’s Chambers of Commerce of worldwide is exchanging information with Dominican authorities on possible investments in the Caribbean country, especially textiles, agriculture, industry, biochemistry, energy and services.

Agro sector gets a One-stop Foreign Trade Window

Monday, September 4, 2017

Santo Domingo.- The Agriculture Ministry and the Customs Agency established a One-stop Foreign Trade Window (VUCE-RD), to expedite the procedures to export and import agro products

In a statement Agriculture minister Angel Estévez said the system will digitize his entity’s internal processes and simplify the procedures for users.

Govt. plans 2 new international airports to spur agro production

Saturday, September 2, 2017

Dominican Civil Aviation Institute (IDAC) director Alejandro Herrera on Monday said president Danilo Medina wants to turn the airfields at Constanza and Montecristi into international airports to spur domestic production for local and foreign markets .

US envoy, Competitiveness chief meet, talk business

Tuesday, August 29, 2017

Santo Domingo.- National Competitiveness Council (COMPETITIVIDAD) director Rafael Paz, met Tue. with US Embassy, chargé d’ffaires Robert Copley to establish strong business ties between both nations.

Dominican, Dutch Antilles officials talk economic cooperation

Monday, August 21, 2017

Willemstad, Curacao.- The Dominican Republic on Monday signed the Political Dialogue Act with Curacao, Aruba, St. Martin and the Netherlands, which creates work groups for economic cooperation, health tourism, sustainable development, connectivity between islands, and in other areas.