2004News

The Renove mess

All of today’s papers refer in some way to the mess in Renove, the government plan to renovate the public transportation fleet. The government borrowed US$159 million from international banks to pay for the 5,648 vehicles. The Plan Renove was created by the government in September 2001 by Decree 949-01. It is now presided over …
2004News

Free Zones see US$60 million in January

According to the Diario Libre, the Dominican Republic’s industrial free saw over US$60 million dollars in direct investments in January of this year. Textile manufacturing, security services, electronics, recycling and service industries were the major contributors. During January, the National Council of Free Zones (CNZF) approved the installation of 10 new operations which will generate …
2004News

Air travel way off

As was reported by many papers over the weekend and in today’s Diario Libre, worldwide air travel has declined as much as 50%. The 150 agencies belonging to IATA reported that sales fell by nearly RD$68 million from October to December of 2003. Ticket prices have nearly doubled in the same time period. Last November, …