Travel – Page 506

The Dominican Republic will host the XIth World Youth Female Volleyball Championship starting tomorrow, 1 September through the 9th. The event will take place at the Palacio de los Deportes in Santo Domingo (Virgilio Travieso Soto) and Santiago (Oscar Gobaira). Here for the event are the world’s best from these regions: Europe: Czechoslovakia, Croatia, Poland, …

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Frank Rainieri of the Punta Cana Group told Listin Diaro that the traditional low government investment in tourism is one of the reasons for the low growth of the sector this year. He said the government does not invest even 1% of what the industry produces for the country. He advocated that the government invest …

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The French company Pact Arim 93 is rehabilitating homes in the Colonial City that will be sold for RD$600,000 to RD$900,000. Those who live in the Colonial City have the first option to buy. Nelson Toca, of Pact Arim 93, said that the first group of dwellings to become available are at Padre Billini 746, …

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Marino Ginebra, president of the National Council of Businesses (CONEP), favors letting the peso float to its real level of RD$20 to the US$1. “We have a problem. We have a peso that has been gaining over the past 10 years.” He said that five years ago, the Spanish peseta and the Dominican peso were …

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Alex Santana, president of Aerodom, the company that operates the Puerto Plata and Santo Domingo (Las Americas) airports, said they invested US$52 million in the terminals in their first year. Seventy percent of the money went into the Las Americas International Airport. There, new conveyor belts, customs and migration equipment, electrical and air-conditioning systems have …

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