2006News

UNDP to draw concessionaire rulings

The Office of Government Works Supervisory Engineers and the United Nations Development Program signed an agreement yesterday in preparation for a bill aimed at regulating government contracting of major infrastructure works, such as roads, bridges and hospitals. Felix Bautista signed for the government and Nicky Fabiancic represented the UNDP. Batista, speaking on behalf of the …
2006News

Business insists on no more taxes

Dominican business representatives are standing by their position that new taxes would not be necessary if the government eliminated superfluous spending. As reported in Hoy newspaper, Elena Viyella, president of the National Council for Private Business (CONEP) told senators that the fiscal reform proposed by President Fernandez is unnecessary. She said that the government should …
2006News

New free zone companies

The National Council of Free Zones (CNFE) has approved the installation of 76 new companies in free trade zone industrial parks across the country. The companies propose to invest US$136.5 million and create 11,000 jobs at their factories. Of these, 56 will operate in existing parks and another 19 were authorized for operation outside these.