Dolores Vicioso – Page 8255

Doctor Leonel Fernández said that in a PLD government, the private sector will carry out most of the work. He was speaking at a breakfast held by the Association Nacional de Jóvenes Empresarios, an organization that groups new generation businessmen. He also said that with well oriented taxation the state can finance its development requirements …

Read more…

The JCE has already begun an educational campaign via the news media. The first phase of the campaign emphasizes the importance of actually voting in the election. A second phase will tell citizens how to vote. As established by the JCE, on the 16 May (a Thursday), women will register to vote from 6 am …

Read more…

A report in the newspaper Hoy indicates that the Partido de la Liberación Dominicana seems to be the most organized party in fund collection. The PLD says that its funds come from regular subscriptions, the holding of raffles, and other activities, confirming that it is financed by the contributions of its members and supporters. Leonardo …

Read more…

The Dominican Republic was ranked as a “mostly non-free” nation in a survey of the index of economic freedom for 101 countries. The study, prepared by Bryan T. Johnson and Thomas P. Sheehey of the U.S.-based Heritage Foundation, assesses the implementation of free market policies in all countries and grades them in order, from “most …

Read more…

The board of directors of Bancomercio revealed that it had approved the sale of 51 percent of the bank’s shares to Banco Central Hispano of Spain (BCH). Bancomercio’s president, José Ureña, told the press that BCH is investing up to US$50 million to complete the purchase. The Spanish bank recently transferred ownership of one its …

Read more…

The executive vice-president of the Junta Agroempresarial Dominicana (JAD), Osmar Benítez, appealed to the government to exempt imported capital and intermediate goods destined for agriculture from paying duties. Mr Benítez believes that this step must be taken to promote exports of Dominican agricultural products. At times, the cost of foreign materials makes our prices very …

Read more…

Martino Meloni and Manuel de Torres Simó, the representative of the European Union and the Commercial attaché at the Spanish Embassy, say that Dominican free trade zone exports of clothing to the European Union under the Lome IV Convention are entitled to the same preferential conditions sought by CARICOM in the U.S. market with the …

Read more…

The Dominican Republic received foreign investments worth close to US$1 thousand million during the first years of the present decade, according to a report released by CEPAL, the Economic Commission for Latin America and the Caribbean. The study on foreign investment in Latin American and the Caribbean indicates that for 1983-1993, the influx of foreign …

Read more…

The World Trade Organization is concerned about the current dependence of Dominican foreign trade on a few commodities, especially textile products. At a multilateral meeting on the Dominican Republic in Geneva, WTO officials indicated that the country’s economy is in a very vulnerable position because it has failed to diversify its exports and markets. Even …

Read more…

The Central Bank Governor, Héctor Valdez Albizu, told newspaper reporters that if the fiscal and monetary policies continue on the present track, the country is destined to experience yearly growth rates of over 5 percent and single digit inflation. The official says that the Central Bank has forecast sustained economic growth and an end-of-year inflation …

Read more…