2016News

Ozama cleanup begins

President Danilo Medina has formally launched the construction of the “most important cleanup project ever built in the country,” a water treatment plant for the Ozama River being built at a cost of EUR55.7 million. Spanish construction firm Incatema Consulting will be in charge of its implementation. During the inauguration yesterday, Wednesday, 13 April 2016 …
2016News

Conep president worries about debt

National Business Council (Conep) president Rafael Blanco Canto, speaking yesterday afternoon Wednesday, 13 April 2016 expressed fears that the Dominican Republic would not be able to withstand any more debt. Blanco Canto mentioned the excessive government spending during the presidential campaign. “Any fiscal deficit ends up being covered by foreign debt, because there is no …
2016News

Haitian and Dominican Foreign Ministers resume talks

Dominican Foreign Minister Andres Navarro held a meeting with his Haitian counterpart, recently appointed Pierrot Deilenne, yesterday, Wednesday 13 April 2016, to announce the resumption of talks between both countries. Commenting on the overland import ban that Haiti has imposed on 23 Dominican products, Deilenne denied the existence of a ban. He said that “these …
2016News

Reservas Trust chosen by Proindustria

The Industrial Development and Competitiveness Center (Proindustria) has chosen the Reservas Trust to administer the RD$100 million Guarantee Fund for Small and Medium Industries (FIPYMI). Both entities signed a service contract that says that Reservas Trust will administer these funds, only and exclusively for granting fiduciary guarantees to financial intermediaries that approve loans for small …