2025News

Marco Rubio acknowledges DR’s Haiti challenge and says country does positive things

Marco Rubio during the US Senate confirmation hearing for his nomination as US Secretary of State spoke with praise about the Dominican Republic. US Senator Tim Kaine had urged Rubio to give more attention to countries in the Americas that are doing things right, specifically mentioning the Dominican Republic. Focus on the good guys and …
2025News

DGII adjusts exempt amounts for real estate tax and low-cost housing ceiling

The Tax Agency (DGII) has announced an update to the exempt amounts applicable to the real estate property tax (IPI) and the new ceiling for classifying low-cost housing, reflecting the corresponding inflation adjustment for 2025. According to an official statement, the maximum sale price of homes developed by low-cost trusts, including those from the Ciudad …
2025News

Monetary and financial overview: Central Bank measures keep inflation in check

The Central Bank of the Dominican Republic (BCRD) on 14 January 2025 released an overview on the economy in 2024. The Central Bank highlighted the capping of inflation within its target range throughout 2024, the economic growth near its potential of 5% and the robust financial system. The briefing analyzes recent monetary and financial policy …
2025News

Public Works Minister details investment of funds from Aerodom concession renegotiation

Minister of Public Works Deligne Ascención on 15 January 2025 provided details of how the ministry has invested the funds generated from the renegotiated concession contract with Aeropuertos Dominicanos Siglo XXI (Aerodom). Ascención revealed that a significant portion of the revenue has been channeled into the reconstruction of roadways in the Greater Santo Domingo area …
2025News

DR proposals for sargassum solution get IDB Lab funding

Dominican proposals for use of sargassum were included in the beneficiaries of the Interamerican Development Bank (IDB) funding through the IDB lab. The selected proposals come from Barbados, Belize, the Dominican Republic, Jamaica, Mexico, and Trinidad and Tobago. The Inter-American Development Bank (IDB) and its innovation laboratory, IDB Lab, announced the results of their Sargassum …