2006 – Page 77

President Leonel Fernandez will travel to Washington on 24 October and will meet with President George W. Bush the following day to analyze both countries’ bilateral agenda, including trade, drug trafficking, security and terrorism. Presidential Press Director Rafael Nunez informed that the Dominican President’s visit to Washington seeks to strengthen cooperation between the United States …

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The country experienced a tragic loss yesterday when a helicopter, a Robinson 44, crashed in Cabarete, Puerto Plata, killing all four men on board. The victims of the crash were Delio Gonzalez, a realtor who was promoting investments on the north coast, Butch Kerzner, the son of the owner of Atlantis Hotels in Bahamas, First …

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The beginning of the public consultations for the constitutional reform was postponed until next week to give those who want to take part more time to become familiar with the 77-item questionnaire that will serve as a basis for the discussions. The consultations were originally due to begin today, according to a report in Diario …

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District Attorney Jose Manuel Hernandez Peguero reacted angrily yesterday against the ruling that acquitted 37 active and retired police officials accused of making private use of stolen vehicles that had been recovered by the Police. Clave Digital reports that Hernandez Peguero believes the ruling by Acting Judge of the National District Court of First Instance, …

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Yesterday, Foreign Relations Minister Carlos Morales Troncoso met with the General Director of the International Atomic Energy Agency (IAEA) and Nobel Peace Prize Laureate Mohamed El Baradei in Vienna, to inform him of the Dominican Republic’s adhesion to the Application Protocol of the Nuclear Non-Proliferation Treaty and the Tlatelolco Treaty for the Proscription of Nuclear …

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The International Monetary Fund (IMF) has said that it is willing to extend the Stand-by agreement with the DR until April next year, if Congress asks for it. The process has thus far been slow, with 6th and 7th revisions expected for August, now expected for December. Central Bank president Hector Valdez Albizu, who according …

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The European Union has announced that it will remove subsidies on products entering the Dominican Republic and Caricom markets in accordance with the Economic Partnership Agreement (EPA), but is warning that it will not concede more development aid than has already been agreed upon under the Cotonou Agreements. US$22 million has already been allocated to …

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This year the DR will export US$80 million worth of bananas to Europe, according to Agriculture Secretary Salvador Jimenez. Jimenez said that the government would continue working to keep the DR’s position as the third largest banana producer in the world. The European market has 550 million consumers, in 24 markets, which are willing to …

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Banco Leon is the latest bank to announce increases in its reserves. Reports in the Caribe state that the bank grew by 16%, at the closing of the third trimester of 2006, with a net growth of RD$80.7 million. A press release from the bank states that its reserves total RD$23,836 million, up 16% from …

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The Savings and Loans Association has announced a plan for helping small and medium-sized businesses succeed. The plan will offer financial help in order for small businesses to make investments. Bank vice-president Dr. Freddy Perez made the announcement during the inauguration of the Dominican Confederation of Small and Medium-Sized Businesses (Codopyme) Fair. Reyes reminded the …

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