2000News

President wants petro bill to resolve gasoline prices

President Hipólito Mejía announced that he favors that Congress pass the bill that would automatically index petroleum prices locally to international market prices. This would relieve the President himself from having to increase fuel prices. The bill was submitted in October 1999, shortly after then President Leonel Fernández decreed an increase in local fuel prices. …
2000News

Secretaría de Comercio Exterior coming soon

President Hipólito Mejía announced that he will soon create the Ministry of Foreign Trade (Secretaría de Comercio Exterior). Osmar Benítez, executive vice president of the Dominican Agribusiness Council (Junta Agroempresarial Dominicana) has been said to be the first minister of the new department. Meanwhile, President Mejía announced the appointment of Rolando Galván as the new …
2000News

New government appointments

Dirección General de Aeronáutica Civil: Aníbal Amparo García Díaz Defensa Civil: Radhamés Lora Salcedo Centro Dominicano de Promoción de Exportaciones: Rolando Galvan Ministry of Environment and Natural Resources– Frank Moya Pons Comisión Permanente para la Modernización y Reforma de las Fuerzas Armadas y la Policía Nacional: Hugo Rafael González Borrel Jefe de las Fuerzas Aereas: …
2000News

Finance minister discerns DR$8 billion public sector debt

Speaking shortly after taking office as Secretary of Finance, Fernando Alvarez Bogaert, announced that the country?s public debt exceeds DR$8 billion (around US$49 million), roughly twice as much as the Fernandez administration had previously disclosed. Bogaert explained that the larger sum includes the unpaid public debt which ?represents a deficit like any other.? Since November …