Dolores Vicioso – Page 8189

An increase in the production of stainless steel in 1996 will cause a significant rise in the price of nickel this year. This prognosis was published in the Wall Street Journal Americas. According to the report, “analysts in Wall Street predict that the price of nickel will be RD$140 more per tonne by mid-year.”

According to the Superintendencia de Seguros (the Dominican insurance watch dog), the insurance companies paid RD$930.5 million to policy holders in 1995. Mr. Carlos Hernandez Sierón, the Insurance Superintendent, said that “this list of claims paid by the insurance companies in the country, is published so that public opinion will know the total payments made …

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1995 will end with an income from tourism of US$1,300 million, and the prospects of a ten percent increase next year. The statement was made by Mr. Fernando Rainieri, former minister of tourism and published in the newspaper El Siglo.

According to Mr. Julian Antonio Parra, president of the Asociacion de Comerciantes Mayoristas de los Mercados, Christmas meant a significant increase in prices for basic staples. Mr. Parra told the newspaper El Siglo, that cooking oil will now be sold at RD$78 instead of RD$75 per US gallon. He added that “all other basic staples …

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The president of the Asociación de Empresas de Herrera, Mr. César Nicolás Penson, says that contrary to the statements made by the governor of the Central Bank, 1995 has been a very bad year from the economic point of view. He added that he had read the report of Mr. Hector Valdez Albizu, governor of …

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Mr. Horacio Alvarez, executive director of the Asociacion Dominicana de Exportadores, said that “the approval of the Ley General de Energia will be a very positive step for the economic future of the country.” He added that the Codigo Monetario y Financiero and the Ley de Estimulo a las Exportaciones must also be approved in …

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Mr. Guillermo Guerra and Wilfredo Velazquez, executives of the banana company Agroindustria Los Lagos, said that the 55,000 tonnes banana quota fixed by the European Union is insufficient. “55,000 tonnes is only 50 percent of the total banana production of the country,” said Mr. Velazquez. He added that their total crop is sold to Chiquita …

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The fertilizer manufacturers say that “we have had to increase the prices of our products because of the higher international cost of the main raw material we use.” The Federacion Dominicana de Caficultores condemned an increase of 30 to 40 percent in fertilizers. Mr. Eusebio Guzman, president of Adocafe asked for a convincing explanation from …

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Ten percent of the of the 800 builders’ merchants in the country went out of business in 1995. This news was published in the newspaper Hoy which adds that “1995 was considered a critical period for stores that sold items for the construction industry, such as cement, paint, nails, wood, steel, etc. Mr. Bienvenido Santana, …

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During 1995, Proteinas Nacionales exported goods to a value of RD$98 million to Cuba. According to the supplement Negocios published the newspaper Hoy, the items are shipped weekly by boat to Cuba from Puerto Plata. The business is transacted via a European company. Other products exported to Cuba include detergents, all kinds of soap, and …

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