2005News

Ekinsa not Equinsa

Diario Libre clarifies that Ekinsa is the company that is interested in doing US$300 million in business with the Dominican government and not Equinsa, as erroneously the Presidency reported yesterday. The Spanish company’s president, Cesar de la Prida met with President Leonel Fernandez in Madrid. Subsequently, the Presidency press office announced the Ekinsa deal as …
2005News

Freeze in Congress

PRD senators and deputies have announced they will not pass any of the bills requested by the government. They deemed as “aggression against the party”, actions taken against former high-ranking officers in the past Mejia administration by the government prosecutors. Senator Ramiro Espino, of the Hatuey de Camps block of PRD senators, was asked to …
2005News

Governance?

The Que Se Dice column of Hoy newspaper comments that today governance seems to be conditioned to the present government renouncing its legitimate right to claim in the courts what it understand has been irregularly taken from government. The page two editorial writer is commenting on the position taken by PRD legislators to abandon sessions …
2005News

Inflation in check

The Consumer Price Index for February reported by the Central Bank was 0.04%. Accumulated inflation for the two first months of the year is 0.83%, a drastic reduction when compared to January-February inflation in 2004, that was 21.52%. Inflation over the past 12 months has declined from 18.79% as of January to 6.82% in February …
2005News

Commerzbank update on the DR

Beat Siegenthaler of Commerzbank issues today an update on the Dominican economy, focusing on the concerns that the opposition-dominated Congress could delay legislation and cause overspending. Nevertheless, he is optimistic that the restructuring terms will be made by the end of March. “We expect an extension of maturities and some interest capitalization but no haircut …