News – Page 7682

Hundreds of trees in Santo Domingo are being pruned and trimmed by the Corporación Dominicana de Electricidad (CDE) in order to prevent malfunctioning in the state-owned electricity company’s distribution network. The CDE’s public relations department claims that 80% of such problems which cause interruptions to the electricity service are caused by contact between branches and …

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The Italian-Dominican Chamber held a workshop last week in Santo Domingo in cooperation with the Red Centro-Sur América de las Cámaras de Comercio de Italia en el Exterior (Central-South American Network of Italian Chambers of Commerce Abroad) and the Association of Italian Chambers of Commerce Abroad. The event sought to study the possibilities that are …

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A study carried out by Italian consultants for the municipality of Santo Domingo confirms the extraordinary growth being experienced by the city. While in 1920, the urban population of the Dominican Republic in general was 16.6%, the number of people living in cities had increased to 52% in 1981 and to 65% by 1995. Santo …

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According to the Central Bank, the Consumer Price Index for May shows that inflation was 0.54%. Inflation for the first four months of the year in 1994 was 5.12% and, in 1995, 3.06%. The Bank says that food has gone up by 0.19%, housing 0.15%, clothing 0.12% and other items 0.47%. The low inflation rate …

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The president of the Asociación de Industrias de la República Dominicana, Celso Marranzini, considers that the time is right for the Central Bank to begin a gradual liberalizing of its monetary policies. He said that the banks have frozen their resources to prevent the expansion of the monetary supply thereby affecting the security of the …

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Speaking for the Asociación Dominicana de Citricultores, Quirilio Vilorio Caminero said that there has been a large crop of oranges, but Dominican exporters are having to compete with the low prices asked by the Cubans. Meanwhile, Dominican consumers are benefiting from the low price of oranges on the domestic market. He says that this year’s …

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Speaking in Santo Domingo, the executive director of Caribbean Latin American Action, Antonio J. Colorado, said that the small countries have to unite as the time for falling back on assistance from the larger countries is over. He says that the effects of groupings like Mercosur, Pacto Andino, and Nafta are leaving the small countries …

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According to the Centro Dominicano de Promoción de Exportaciones Cedopex, exports for January-December 1995, including those from the industrial free zones reached US$2,528.69 million. Based on September 1995-April 1996 results, Cedopex expects exports in 1996 to reach US$2,938.90 million – a 16.22% increase. This includes an increase of 19.71% in traditional exports, 18.4% from mining, …

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Pedro Caba has been appointed director of El Siglo newspaper. The newspaper is now property of the Central Bank as it has taken over the operations of the Banco del Comercio Dominicano, turning it into a second government commercial bank, while efforts are underway to find a buyer. The state already owns and operates the …

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Rodolfo Rincón Martínez was named director of the Rentas Internas, replacing Alexandra Izquierdo de Peña, who has been appointed the director general of the Income Tax. She succeeds the late Florencio Lorenzo Silva.