2014News

2014 Budget deficit

The Medina government is operating with a budget deficit of RD$8.9 billion, according to statistics published by the Department of Budget (Digepres) of the Ministry of Hacienda. From January to February 2014, the government reported revenues of RD$62.3 billion, but spent RD$71.2 billion. http://www.listin.com.do/economia-and-negocios/2014/4/6/317328/El-Gobierno-gasta-8917-millones-de-pesos-mas-de-lo-ingresado
2014News

RD$10 billion windfall to government for Tricom-Orange merge

On April 5, the Dominican Telecommunications Institute (Indotel) announced the approval of the transfer of the shares of Orange Dominicana to Altice Republica Dominicana. The approval was notified with Resolution 017-/14 of the Board of Indotel. The merger of Tricom-Orange (approved by the Board of Indotel in Resolution 017-/14) will generate revenues for the Dominican …