2025 – Page 3

The Dominican Republic’s economy is showing strong momentum, with foreign direct investment (FDI) hitting US$2.89 billion in the first half of 2025, according to preliminary figures from the Central Bank of the Dominican Republic (BCRD). This marks a significant 15.3% increase compared to the same period last year. The robust performance has the Central Bank …

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It was a take it or leave it situation, and President Luis Abinader chose to enact the Penal Code bill as received from the ruling party majority Congress. The code does not go into effect until August 2026, giving still time for society and other branches of government to present recommendations for Congress to pass …

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The Senate has appointed Maria Estela de Leon Veloz as the new alternate member of the Central Electoral Board (JCE). She will replace Iván Vladimir Félix Vargas, who was recently appointed as a deputy prosecutor at the Attorney General Office. De León Veloz, an attorney and journalist with 31 years of experience at the JCE, …

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Peruvian lawyer Carolina Rendón will be the new World Bank resident representative for the Dominican Republic, succeeding Mexican Alexandria Valerio who held the position for the past five years. Most recently, she has held the position of World Bank Resident Representative in Uruguay. Based in Santo Domingo, Rendón will lead the dialogue with representatives from …

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A win by the women’s U23 Dominican Republic team is nothing extraordinary, but a gold medal win by the U23 Dominican Republic’s men’s volleyball team in the U23 Pan American Cup is unheard of. Yet it happened. On 3 August 2025, in Guatemala City, following what Norceca league reports as a “thrilling five-set battle,” the …

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Saul Leonardo (Mena RD) is now a three-time Evo champion after winning Evo 2025, EvoJapan 2025 and Evo Japan 2024. He previously captured two Capcom Cup championship titles. He is also one of the top Street Fighter 6 players in the world. His victory brought a cash prize of US$16,932. MenaRD is now a three-time …

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In a landmark moment for Dominican justice, President Luis Abinader has officially signed into law the sweeping new Penal Code that replaces a criminal statute in place since 1884. On Sunday, 3 August 2025, in the afternoon, President Luis Abinader signed off on Penal Code Law 74-25. The revised code was subject to decades of …

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With his signature on Sunday, 3 August 2025, President Luis Abinader enacted the Penal Code. The new Penal Code will go into effect in a year’s time, giving still many months for consultations and possible future amendments by Congress. The ruling party majority Modern Revolutionary Party senate and chamber of deputies had delivered the bill …

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With the appointment of new vice ministers, the Abinader administration advanced with the merger of the ministries of Economy and Hacienda. President Luis Abinader earlier had named Magin Diaz as the new Minister of Hacienda and Economy. By Presidential Decree 426-25, dated 29 July 2025, President Luis Abinader named Magin Diaz the new Minister of …

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Moody’s risk assessment agency has upgraded the Dominican Republic’s long-term local and foreign-currency issuer and senior unsecured debt ratings to Ba2 from Ba3, while changing the outlook to stable from positive. The upgrade is described as one that reflects the country’s sustained high growth rates and economic diversification, which have enhanced income levels and overall …

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