Dolores Vicioso – Page 8213

The state of the free zone industries and recommendations for new strategies were raised at the annual meeting of Infotep-Adozona held in April at Punta Cana. Infotep is a major training institution and Adozona is the Association of Dominican Industrial Free Zones. The principal conclusion was that Dominican industrial free zones should be prepared to …

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The group of businesses headed by Oscar Lama, who also owns the franchise for the Sheraton Santo Domingo, purchased the majority of shares of Seguros Bancomercio, the insurance company of the Grupo Bancomercio, one of the ten largest insurance companies in the country. The Lamas are also the owners of the Banco Finadem, a multiple …

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The leading Dominican insurance companies, rated by the amount of the premiums billed for January-March 1996 were: Compañía Nacional de Seguros (RD$133 million), La Universal de Seguros (RD$126 million), Seguros America (RD$92 million), Intercontinental de Seguros (RD$61 million), La Colonial de Seguros (RD$39 million), Seguros Bancomercio (RD$33 million), Magna Compañía de Seguros (RD$32 million), American …

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Last week, the administrator of the Corporación Dominicana de Electricidad, the state-owned electric corporation, said that with the start-up of the new Los Minas generators, the CDE has 50,000 more kilowatt hours than the demand. He said that Los Mina III and IV entered the system, contributing 236,000 kilowatts per hour for an overall total …

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The president of the largest industrial zone in Santo Domingo, the Asociación de Empresas Industriales de Herrera, César Nicolás Penson, said that the uncertainty of the electoral process has resulted in a decline of 30% in production. He foresees a decline of 50% in the case of the election period being prolonged by a second …

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Expo USA will again take place in Santo Domingo. The exhibition of U.S. goods sold in the country will be held this year at the Salon Las Tres Carabelas of the Hotel V Centenario from June 14-16. The exhibition is sponsored by the Commercial Section of the U.S. Embassy. Expo USA is in its seventh …

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The new Minister of Foreign Affairs, Caonabo Javier Castillo, will now decide whether the country adheres to agreements signed with GATT and the World Trade Organization in regard to staples such as sugar, rice, milk, chicken, beans, garlic, onions and corn, or gives way to local special interest pressure groups which are advocating protectionist measures …

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There are 405,458 vehicles in the Dominican Republic, says the Dirección General de Rentas Internas, the government department in charge of issuing number plates. Of these, 294,110 are from Asia, 36,062 from Europe and 44,559 from the United States. There are 234,482 cars, 133,400 goods vehicles, 19,533 buses and 17,973 “jeeps”. According to the figures, …

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