1996News

D.R. trade with Cuba

A report in Listin Diario by journalist Carmen Carvajal says that despite the OAS-sponsored trade embargo on Cuba, the Dominican Republic carried out trade with Cuba amounting to RD$100 million in 1995. Furthermore, the author quotes the magazine “World Business” as indicating that Dominicans have invested over RD$10 million in the neighboring Caribbean island. Trade …
1996News

Government says trade not isolationism will bring democracy to Cuba

The government has joined the community of nations that are protesting against the U.S. government’s implementation of the Helms-Burton Law this next August. The Dominican Republic signed the OAS resolution for its. General Assembly on 3 June that requests the Interamerican Judicial Committee to determine if the Helms-Burton Law complies with international law. Some political …
1996News

1996: A Lost Year

Antonio Espin, former president of the Association of Industries of Herrera, described 1996 as a “lost year” in economic terms, due to the stagnation of reforms in Congress and the lack of taking decisions on important matters for national development. He said that the Código Financiero y Monetario, the Ley General de Electricidad, the ruling …
1996News

Rosario gold

Recent data on the 1995 production of the Rosario gold mine shows that the state-owned company exported gold and silver worth some US$65 million last year. This year the company has plans to export an average of 500 ounces a day or 182,5000 ounces for the year, for some US$73 million. The goal is to …