Archive for the 'Economy' Category

Owning a Property in the Dominican Republic

Friday, January 22nd, 2010

1) How do you own property – in your personal name or in a corporate name?
You can choosr either way. No matter which way you own property, personal name or corporate, you own that
property outright with title, fee simple.
2) If a property is owned in a corporate name, can it be assinable?
Yes, you can transfer [...]

Ikea Santo Domingo announces opening for February

Wednesday, January 13th, 2010

Ikea announced it will open in February. This will be the first Ikea in Latin America and the Caribbean. The mega furniture and interior decoration store is located at the intersection of John F. Kennedy almost corner Abraham Lincoln.

Dominican Republic could soon join Caricom

Wednesday, May 13th, 2009

Santo Domingo.– Caricom heads are to once again consider an application from the Dominican Republic for membership in the 15-member grouping when they meet in July of this year.
The issue, which was one of the major items up for mention at the 12th Meeting of Caricom’s Council for Foreign and Community Relations (COFCOR), has been [...]

US$465M spent on Samaná province, but more is needed

Wednesday, May 13th, 2009

Samaná.- Around 465 million dollars has been spent to develop Samaná province in his last administrations, said president Leonel Fernandez during the popular dialogue held here yesterday.
He said the funds were spent to build the Santo Domingo – Samaná highway, as part of the project North Atlantic Boulevard, and in the construction of the aqueduct, [...]

Dominican capital to get 1st natural gas station for cars in days

Monday, May 12th, 2008

SANTO DOMINGO.- National Energy Commission (CNE) president Arístides Fernandez Zucco slated the inaugural of the first station to sell natural gas for cars in the next few days, as part of the Government’s policy toward efficiency and to save fuel.

Dominican economy will spearhead Caribbean slowdown, Forbes says

Wednesday, April 30th, 2008

Santo Domingo.- A “significant” decline in GDP growth in Dominican Republic is poised to spearhead an expected Caribbean-wide regional economic slowdown, said Forbes, quoting the Standard & Poor’s Ratings Services.
“While growth in the smaller economies should remain broadly resilient to the risk of economic and financial turbulence,” Forbes reports that S&P also noted that future [...]

Dominican Government reneges on $148M ethanol plant deal, group says

Thursday, April 17th, 2008

SANTO DOMINGO.– President Leonel Fernandez should give the go-ahead to build a plant to process sugar cane to produce ethanol, at a cost of $148 million, said Tuesday a growers union, mill workers and the companies involved in the project.
The president of the company Conazucar, Miguel A. Santana, said though the government agreed to lease [...]