2005News

Santo Domingo-Samana expressway

President Leonel Fernandez was present for the re-launching of the construction of the Santo Domingo-Samana highway. The government has committed to complete the initial 13-kilometer stretch to Monte Plata. The highway was begun in the past Fernandez administration, following a concession granted to Autopista del Nordeste, the same Colombian-Dominican company that has resumed the construction. …
2005News

RD$18 million in curtains

El Caribe newspaper reported on Friday on the free hand exercised in choosing the decoration and furnishings for the new Supreme Court of Justice and Attorney General offices, shortly after President Leonel Fernandez had called for austerity in government spending in his inaugural speech. Imported curtains were among the expensive items chosen by the decorating …
2005News

Bear Stearns update

Franco Uccelli of Bear Stearns writes in the Emerging Markets Sovereign Journal Weekly 29 April 2005 report: “The Dominican government’s reporting of 4% real GDP growth for the first quarter of this year has generated numerous responses from individuals and private sector groups who believe that the number is inflated and that the economy does …