1996 – Page 49

Angel Barrioso of the newspaper Hoy says that “every day we move a step ahead, and in the next election we will note something different: it will just be a matter of ‘daily routine'”. In his column on Monday, 1 July he commented on how politicians should look into reducing the cost of an election. …

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The Dominican Republic could export some US$25 million in bananas to Europe this year, according to a report in the newspaper Hoy. Last year, banana exports brought in US$20 million. Belgium and Portugal purchased 80% of the fruit. Hoy also quotes the last publication of the Junta Agroempresarial Dominicana (JAD), the principal farming organization, saying …

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The Banco Hipotecario Dominicano (BHD) has received a US$11 million loan from the British Commonwealth Development Bank (CDC), for a special mortgage scheme in U.S. dollars for Dominicans living abroad, and for medium-term loans for businesses providing goods and services. José A. Caro, president of BHD, and Michael Bax, the local CDC representative, signed the …

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According to the Central Bank, the U.S. dollar was reduced in price in the cash exchange market last week, by five points for purchases and one for sales. This last Thursday, it was quoted at RD$13.98 for buying and RD$13.99 for selling.

The Department of National Accounts of the Central Bank announced the development of a Satellite Account for Tourism (SAT) for the Dominican Republic, sponsored by the World Tourism Organization (WTO). This project measures the affect of this sector on the economy. Although Canada had started compiling a SAT, this is the first one that has …

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The president of the Asociación Nacional de Jóvenes Empresarios (ANJE), says the Dominican Republic should continue with the process of reforms that started in 1992. Irving Redondo maintained that it is necessary for the authorities to take the relevant measures to unify the exchange rate, lower interest rates, promote the productive sectors, and stimulate exports. …

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For the first time in the last few months, the national electricity demand is being fully satisfied. Mr Amilcar Romero, the administrator of the Corporación Dominicana de Electricidad (CDE), confirmed that the company is fully meeting the demand in the short term. He also said that interruptions in the electricity supply would only be justified …

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Celso Marranzini was reelected as president of the Asociación de Industrias de la República Dominicana (AIRD) in elections held in the auditorium of the organization’s headquarters on Wednesday 26 Juner. His new term of office will last for two years.

The Dominican Republic has placed 60% of its banana quota in the European market. Osmar Benítez, executive vice president of the Junta Agroempresarial Dominicana (JAD), the principal farming organization, thinks that the EU might grant additional import permits to other nations in a defined region, in the case of some countries being unable to fulfill …

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The ambassadors of the Central American countries and the Dominican Republic have expressed their disagreement against a bill that would set prices for raw sugar in the United States. The Dominican ambassador in Washington, José del Carmen Ariza, said that the initiative, enjoined by his Central American colleagues, was communicated in a letter sent to …

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