1996 – Page 74

The printing arm of the El Siglo newspaper, Editorial Golfo, was awarded the contract for the printing of the electoral ballot papers. It successfully bid RD$786,000 for the job which involves printing 4,250,000 voting slips. The company will also be responsible for printing the ballots for the second round, if necessary. The candidates will appear …

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The JCE has determined that Dominicans whose 18th birthday falls between 17 May and 30 June will not be eligible to vote in a second round. The president of the JCE has said that a citizen not eligible to vote in the 16 May election will not be eligible to vote on 30 June.

The Junta Central Electoral (JCE) announced it has gone “on line” and its web site can now be reached on the Internet at the address http://www.jce.do. The site features information on voting procedures, the judges, the presidential candidates, election history. The web site was carried out with the assistance of Nando Net. New international fashion …

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Hoy has been publishing a series of articles on the decline of the state sugar company, the CEA, as a result of corruption, bad administration, paternalism, political motives and the “padding out” of the pay roll. It mentions the lack of production and blames it on the lack of fertilizer and transportation delays, increases in …

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The Central Bank has reported that the accumulated rate of inflation during the first quarter of this year registered a slight increase of 0.19%, less than the 2.77% last year. Gross international reserves of the Central Bank were US$535.5 million, US$6.9 million more than the level at the end of 1995. Net international reserves were …

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President Balaguer has appointed a committee that will supervise the European Union funded program to support private investment in mining. The Comité de Supervisión del Programa de Desarrollo Geológico y Minero is now in charge of channeling some RD$3331.3 million in assistance from the European Union in support of the domestic private sector and foreign …

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The Minister of Foreign Relations, Carlos Morales Troncoso, and the ambassadors from the European Union nations met last week to discuss several technical and financial cooperation agreements. The ambassadors José Manuel López Barrón of Spain, Henri Vidal of France, Dick Thomson of Great Britain, Klaus Dieter, commercial attaché at the German embassy and Rolf Smit, …

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Most of the Dominican agricultural products have declined in production when compared to 1995, according to a report from the Ministry of Agriculture. The report contradicts a conclusion by the Central Bank that has indicated in its quarterly report that “for the third consecutive month the price Index of Foodstuffs has declined, a reflection of …

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Last week, Mario Mendez, economic editor of the newspaper Hoy commented that there were abundant warnings that, if heeded, would have avoided the present electricity crisis. Mr Mendez says that nobody should be surprised by the situation. The CDE, whose own generators are deteriorating, now relies on private suppliers for more than 40% of its …

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The Dominican Republic has joined the bandwagon of those accusing the Cuban-Venezuelan banker, Orlando Castro Yunes and his relatives, saying that they defrauded their insurance company’s Dominican policy holders alone of RD$200 million, not taking into consideration the huge losses suffered by shareholders and depositors in his banking concerns in this country before he fled …

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