2008 – Page 10

The remodeling of the Palacio de Bellas Artes cost RD$1.3 billion, according to the National Budget Office. This is RD$600 million more than the RD$700 million publicized by the government, according to a TV report shown on Monday produced by Alicia Ortega. Ortega said that she has not been able to obtain all the details …

Read more…

Relatives of Angel Christopher Martinez criticized Santo Domingo prosecutor Perfecto Acosta for leaking information on the intention to extradite a Colombian who is the leading suspect of killing his father. Erick Christopher Martinez told Hoy: “It is unacceptable and damaging that the authority makes public a procedure that has not yet been approved by the …

Read more…

A small plane that departed from Santiago Cibao International Airport (STI) at 3:30pm and its 11 passengers and pilot is still missing. US Coast Guard dispatched a helicopter, jet and ship to scan the Atlantic Ocean near West Caicos island, over the area from where the pilot, Dominican Adrian Jimenez had reported an emergency around …

Read more…

Last night the Tigres del Licey defeated their big rivals from Santiago, the Aguilas Cibaenas 8-2 in the Quisqueya Stadium in Santo Domingo. A triple by Emilio Boinifacio cleared the bases in the sixth inning to give the Tigres the winning advantage. The Aguilas left 13 men on base and got eleven hits. Over in …

Read more…

In Brazil for the Rio Group meeting and the First Summit on Integration and Development of Latin America and the Caribbean (CALC), President Leonel Fernandez highlighted the importance of summits in enabling the region to join forces for meeting the challenges of the global crisis. “Today more than ever there is the need for a …

Read more…

In an interview with the Barbados Advocate newspaper the Dominican Republic’s ambassador to the European Union, Federico Cuello Camilo says that now is the time for the region to focus seriously on the implementation process for the European Partnership Agreement (EPA) and come to a consensus on how this would be handled on a regional …

Read more…

The Economic Partnership Agreement (EPA) between CARIFORUM and the European Union (EU) could serve to cultivate closer trade ties between CARICOM and the Dominican Republic (DR), after years of slow progress, Dominican Ambassador to the European Union, Federico Cuello told the Barbados Advocate. He believes the EPA could result in the creation of a number …

Read more…

The DR has fulfilled 31% of the requirements set out by the World Trade Organization (WTO). According to Jose Rivas, director of the International Commerce Division at the Customs Department (DGA), the WTO proposed 49 measures related to international trade that the DR had to address, of which the country has revised 31.22%. Among these …

Read more…

Until a recent summit in La Romana with the Economic Commission for Latin America and the Caribbean (ECLAC), global financier George Soros and former chief economist at the World Bank Joseph Stiglitz, President Leonel Fernandez maintained that the DR was immune to the international financial crisis. Now the reality is setting in. The country is …

Read more…

Car sales dropped a whopping 65% in November, which could signal a new trend for 2009. According to Listin Diario, in November only 920 new cars were sold, compared to an average of 2,300 per month sold between April and November. Vehicle importers association ACOFAVE executive Enrique Fernandez says that sluggish sales are partly due …

Read more…