2001 – Page 29

2001 News

Housing loans could drop to 12-16%

President Hipolito Mejia met yesterday with Diego de Moya Canaan, president of the Dominican Construction Chamber and Manuel Troncoso Cuesta, of the National Housing Bank (BNV) to discuss the possibility of reducing interest rates on housing loans. De Moya said that formulas could be found to reduce rates for construction projects to 12-16% from the …

2001 News

Central American Free Trade Pact starts 1 October

Dominican Republic customs officers will begin to honor the Free Trade Agreement signed on 16 April 1998 with Central America. The DR will start by implementing the agreement with El Salvador and Guatemala. El Salvador’s Minister of the Economy, Miguel E. Lacayo, headed a mission of Salvadoran businessmen and government officers to Santo Domingo yesterday …

2001 News

Environment vs. Public Works over Mirador del Sur Park

The Ministry of Environment has ordered a stop to works being done by the Ministry of Public Works at the Mirador del Sur Park. The order to stop construction was issued on grounds that permission had not been requested from the Environment Ministry to build the boulevard. The need to do so is established in …

2001 News

Spending more

El Caribe newspaper highlights that during the first seven months of the year, the government of Hipolito Mejia has spent 23.7% more than the Fernandez administration did during the same period last year. El Caribe points out that the money was allotted to meet current expenditures and the payment of the foreign debt, including short …

2001 News

Hospital subsidies on hold

The Listin Diario reports the government is two months behind in delivering monthly subsidies to most of the leading public hospitals. The newspaper says the subsidies are the hospitals’ primary source of income since most services are supposed to be provided for free. However, the subsidies in Santo Domingo hospitals range from RD$600,000 to RD$1.5 …

2001 News

Politicians agree to reform the Constitution

The three leading political parties (PRD, PRSC and PLD) have reached an agreement on changes to the Constitution. Reportedly, President Hipolito Mejia was expected to submit a bill containing four essential changes to the Senate yesterday. However, legal advisor Guido Gomez Mazara said that has been postponed to get the signature of the PLD on …

2001 News

DR economy forecast to perform way above regional average

The International Monetary Fund announced it is marking down its global growth projection for 2001 by a little over half a percent to 2.6%. A similar reduction has been made in the outlook for 2002. The IMF foresees that the DR economy will do better than the average. A 3% growth is forecast for 2001 …

DR wins best stand at French travel show

The Dominican Republic has won the Denis Massien award for best booth at the Top Resa trade show, the leading travel fair for the French travel market. Some 20,000 travel executives cast a vote for the award. The event took place in Deauville, France 20-23 September with around 21,000 travel executives from all around the …

Puerto Plata Hotel Association in the making

El Siglo reports that a Puerto Plata Hotel Association is in the making. The association would group members from Playa Dorada, Sosua, Cabarete, Maimon, Cofresí, Costambar and Puerto Plata city. According to El Siglo, the rationale is to strengthen the area’s representation. The newspaper says that area hoteliers feel that the National Association of Hotels …

2001 News

DR rises to 8th in Youth World Volleyball

The Dominican Republic’s women’s youth volleyball team improved its overall ranking to 8th in the world. The DR team surprisingly defeated home team Croatia 25-21, 20-25, 25-23 and 25-19 in the event held in Croatia. The DR team had already defeated Japan, coming from behind in a surprise match. In the previous event held in …

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2001 – Page 29

Housing loans could drop to 12-16%

Central American Free Trade Pact starts 1 October

Environment vs. Public Works over Mirador del Sur Park

Spending more

Hospital subsidies on hold

Politicians agree to reform the Constitution

DR economy forecast to perform way above regional average

DR wins best stand at French travel show

Puerto Plata Hotel Association in the making

DR rises to 8th in Youth World Volleyball