2006 – Page 294

The Inter-American Development Bank has made available US$1.3 millionfor the development of environmental and community programs by the Bayahibe and La Romana Hotels Association. The three-year donation requires US$535,000 counterpart funding from the Association, for a total program of US$1.8 million. The plan is to support sustainable tourism in the area, back best practices and …

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The Central Bank will issue new RD$10 and RD$25 coins later this month. The RD$10 coin will bear the face of Matias Ramon Mella, one of the country’s founding fathers, and the RD$25 coin will show General Gregorio Luperon, a hero of the Restoration, as reported by Diario Libre. The RD$10 bills currently in use …

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The Dominican-German Center has announced that it will be hosting a conference about Critical History of the West “The Crusades” to be presented in Spanish by Professor Thomas Beyerle next Monday, 13 February at 8:00 pm at the center, which is located on Calle Isabel La Catolica No. 212, in the Colonial Zone in Santo …

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Last night, the Chamber of Deputies passed the 2006 Budget and Public Expense Bill in two consecutive votes after classifying the issue as urgent. The budget amounts to RD$239 billion and is RD$880 million higher than the original budget submitted by the Executive Branch. The bill will now go to the Senate where it is …

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Police arrested several Ministry of Public Works employees yesterday in the National Park of the East after they continued with the construction of a major trail through the protected area, toppling thousands of trees, as reported today in Hoy newspaper. The workers also affected property belonging to the Desarrollo Dominicus Americanus, which called in its …

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The president of the National Association of Young Businesspeople (ANJE), Eduardo Valcarcel, has questioned the public tender in which Emirates Power DR was selected to build two 600-MW coal-fired power plants, stating that the operation lacked transparency. Clave Digital reports that the contract with the Dominican state-owned Electric Companies Corporation (CDEEE) is due to be …

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Power distribution company AES Dominicana denied that it is obtaining million-dollar profits from Ede-Este’s contractual relationship with Dominican Power Partners (DPP) and AES Andres, and asked that other interests be separated from the country’s energy problems, according to a report in Listin Diario. The company reminds the public that DPP’s contract passed from the Dominican …

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Yesterday, the Chamber of Deputies approved the debt restructuring agreement with the London Club and the Paris Club in a single vote with 115 in favor. The main objective of the agreement is to defer 100% of capital payments for 2005-2006 and improve the financial terms existing in the original loan agreements, to obtain a …

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Foreign Relations Minister Carlos Morales Troncoso and his Colombian counterpart Carolina Barco signed a joint declaration yesterday whereby both nations commit to strengthening democratic institutionalism, respect human rights and fight corruption. According to Hoy newspaper, they also agreed to fight against terrorism, drugs and to find solutions to poverty. They highlighted the need to work …

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According to the Economy and Interior Minister of the autonomous regional government of Cantabria, Spain, Angel Aguado, the DR-CAFTA treaty could turn the Dominican Republic into a strategic partner for businesses wanting to enter the US market. For this reason, Aguado believes that the DR offers an interesting business opportunity, making the Spaniards want to …

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