2004 – Page 63

The government will renegotiate the sovereign bonds as it seeks to borrow US$250 million in Spain to meet the requirements of the Paris Club and resume the standby arrangement with the International Monetary Fund, as reported in El Caribe. Finance Minister Vicente Bengoa said that they are in the process of choosing the company that …

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Central Bank governor Hector Valdez Albizu told representatives of the business community during a meeting at the Central Bank on Monday that the government has eliminated 39,271 jobs (or 12.2% of occupied posts) from the public payroll in the past two months. As reported in the Listin Diario, Valdez Albizu said the dismissals represented savings …

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Diario Libre ironically points out today that, thanks to a conflict of interests, one of the most serious environmental problems caused by the Duquesa garbage dump may be resolved. Prior to leaving government in 2000, the Fernandez administration granted the lands of the Herrera International Airport to a group of engineering companies in lieu of …

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US members of Congress Hilda Solis, Henry Waxman, Charles Rangel, Ciro Rodriguez, Sherrod Brown, Sander Levin, Linda Sanchez, Thomas Allen, Jim McDermott, Raul Grijalva, Xavier Becerra and Pete Stark have sent President George W Bush a letter, dated 30 September, addressing concerns that provisions in the DR-CAFTA free trade agreement signed by the US and …

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The ambassador of Venezuela in the Dominican Republic, Francisco Belisario Landis, said that the Dominican mission made up by Secretary of the Presidency Danilo Medina, Technical Secretary of the Presidency Temistocles Montas and Ambassador Miguel Mejia have been meeting with Venezuelan government officers regarding the fuel issue, as reported in the Listin Diario. On the …

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The government advanced US$14.8 million to the Cogentrix power plant in San Pedro de Macoris so that the facility may be activated to fill the void left by AES Andres that goes offline tonight. Since the start of this government administration, Cogentrix has already received payments of US$19.4 million, signifying a total of US$34.2 million. …

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A large number of Dominican private companies have increased the wages of their employees, by a range of 22% to 40% so far this year, according to a survey of businesses, says the Listin Diario. Elena Viyella, the president of the National Business Council, said that the adjustments that the companies have already made should …

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The motorcycles that circulate in the DR providing taxi service to the general public and a way to earn a living to thousands are the newest victims of the wave of violence affecting the nation. Listin Diario reports that five motoconchistas were murdered this week on the eastern side of Santo Domingo by assailants who …

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The National Dialogue meeting concluded yesterday with a call for the government to give priority to creating the conditions that will allow a return to tranquility and an end to the violence in Dominican society. The body that comes together for discussions on national issues in government, business, religion, politics and civil society groups says …

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Red, rose and white wines from the Neiba region could be commercially available by next year. The first wine production produced by the Plaza Cacique experimental station in Neiba turned out 2,000 bottles. Inocencio Cuevas Herasme, who is in charge of the station, told El Caribe newspaper that the first round of commercial production will …

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