Santo Domingo.- August prices climbed 0.03% compared to July, according to a report by Dominican Republic’s Central Bank submitted to industrialists on Wednesday. It said the accumulated inflation between January and August stood at 1.44%, whereas the annualized inflation rate stood at 3.87% in the last 12 months, well below the Central Bank’s inflation target…
Maimon, Dominican Republic.- Energy and Mines minister Antonio Isa Conde on Sun. stressed that the environmental, economic and social sustainability is the most expedited way for mining development with social acceptance, which has in these times great technological opportunities to extract with less ecological impact. He said the mining industry’s sustainability depends a lot on…
Santo Domingo.- Economy minister, Isidoro Santana, said Thurs. that the energy crisis has forced the Govt. to buy electricity at a high cost, which means an “additional burden” for the Dominican Republic. He noted however that the situation will not affect the country’s economy. “I do not believe that this affects the Gross Domestic Product.”…
Santo Domingo.- It’s known for its beautiful beaches and the millions of tourists who come to vacation every year. But what may not be widely known is that the Dominican Republic has had an average economic growth close to 6% annually during the last six years. In 2017, the GDP growth was 4.6% and according…
Beijing.- Dominica Republic’s ambassador in China on Mon. headed a meeting with business leaders of the Asian nation interested in investing in the country. Briunny Garabito’s meeting came two hours after presenting his credentials to China president, Xi Jinping. The investors present are planning to visit the Dominican Republic before the end of the year,…
Santo Domingo.- China Foreign minister, Wang Yi, will arrive in the Dominican Republic Thursday, when major announcements are expected, including possible investments in various local areas. Quoting a local source outlet El Caribe reports that the official will hold meetings with president Danilo Medina and senior government officials. The meetings will also serve to hammer…
Santo Domingo.- As a result of the Dominican Republic -China diplomatic ties, representatives from three major airlines will come to the country in the coming weeks to strike air services deals that would boost the arrival of Chinese tourists. Foreign minister Miguel Vargas made the announcement, noting that the new relations mean that the country…
Santo Domingo.- Foreign minister Miguel Vargas on Sun affirmed that relations between the Dominican Republic and the United States are “excellent.” The official made the statement after the U.S. recalled its ambassador Robin Bernstein to Washington. He said that among friendly and democratic countries, calling a diplomat for consultations is normal and must be respected.…
Madrid.- The Dominican Republic, world leader in organic cocoa, will be the guest country in the 1st International Chocolate Show, to be held in Madrid from September 14 to 16, EFE reports. The event will be attended by Rizek Cacao companies, a leader in the sector; Xocolat, pioneers in the artisan elaboration of high quality…
