1996 – Page 81

The Bolsa de Valores de Santo Domingo (BVSD) has announced that it has contracted the services of an international financial consultancy group with a view to improving its current operations. The deal, they maintain, will allow the local stock exchange to compete on a level playing field with other Central American and Caribbean nations. Nasdaq …

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Martino Meloni, the outgoing European Union representative in the Dominican Republic, told the news media that the EU will halt all development aid to the country if it fails to hold presidential elections this year in keeping with the Pact for Democracy. The announcement came amidst rumors that top government officials are plotting to invalidate …

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ATH Dominicana, a company that will specialize in automated banking transactions, announced that it has started its operations by interconnecting the ATMs of the Banco Popular Dominicano with those of the Banco Popular de Puerto Rico. This link will permit both local and foreigners to access funds from their bank accounts or credit lines, obtain …

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Impact International, a U.S. magazine specializing in alcoholic beverages, has placed Ron Brugal in 30th position amongst the most sold spirits worldwide, with last year’s sales reaching 2.5 million cases. According to the 1-15 February issue of the above publication, Brugal is second only to Bacardi in global sales. It also reports that from 1990-1995 …

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The Asociación de Importadores de Leche has expressed disagreement with the government’s decision to impose higher tariffs on imports of whole milk, arguing that the measure will only make the product less affordable by the nation’s poorest consumers. Spokesman, Bayardo Mejía Alcalá, says it appears that the government authorities do not realize that a can …

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The Inter-American Development Bank (IDB) reports since its creation in the late 1950s, it has extended the Dominican Republic 64 loans totaling US$1,450 million. The organization’s annual report for 1995 indicates that the money was used to finance projects in education, technical cooperation for reforms in the health sector, and a multilateral investment fund to …

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The Minister for Tourism and Economic Development of Curaçao, Celdrid A. Eisden, has announced that a trade mission will visit to negotiate an agreement whereby the Dominican Republic will be able to export significant quantities of bananas to the Dutch island. The mission, which is expected to arrive here in mid-June, will be made up …

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The Ministry of Agriculture announced last week that it is banning imports of beef from the U.K., France, Switzerland, Portugal, Ireland, and Chile. The decision was made following suspicions that Bovine Spongiform Encephalopathy (BSE), the so-called “mad cow disease” may be passed on to humans eating infected meat. The prohibition also covers beef by-products. The …

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The new professional baseball team, the Gigantes del Nordeste (representing San Francisco de Macorís) officially joined the Dominican Winter League on Tuesday, 23 April. The Gigantes, whose board of directors were reported to be short of several thousand pesos required to enter the league just one month previously, will begin play in the winter league …

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According to newspaper reports, the Corporación Dominicana de Electricidad (CDE) owes private electricity suppliers almost RD$800 million. The state-owned electricity company had to make an emergency payment last week to the Smith-Enron corporation, which owns and operates a power station in Puerto Plata producing 300,000 kilowatts per month, so that it would not disconnect from …

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