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He assures that considering a thorough reform of the national office of land registry as the beginning of the fiscal pact is the only thing that will ensure the stability of the countrys tax structure.
Economy
8/15/2014
The General Director of Internal Revenue (Dirección General de Impuestos Internos) met with the press to explain the new phase of the tax solutions project, noted as a normal act for the tax administration.
Economy
7/31/2014
The Internal Revenue reported that it had collected RD$118,438.3 million, or RD$20,893.1 million more than what it had collected between January and April, 2013
Economy
7/13/2014
With the presence of President Danilo Medina and on the occasion of the celebration of Farmers Day, the Dominican government launched the Santo Domingo Market (Mercadom) and the National Food Network.
Economy
7/13/2014
The Directorate General of the Internal Revenue issued today General Rule 02-14 on Deduction of Interest Costs to regulate how companies will deduct from their Income Tax (ISR – Impuesto Sobre la Renta) the interest derived from debts and the costs
Economy
7/8/2014
The Dominican-French Chamber of Commerce (CCDF) held the Sustainable Debate “When Prosperity is not Shared: The Weak Links between Growth and Equity in the Dominican Republic”, as part of its ongoing 2014 series of activities aimed at those intereste
Economy
5/20/2014
The Central Bank of the Dominican Republic reports that February inflation, measured using the variation of the Consumer Price Index (CPI), was 0.34% compared to the one during the month of January of this year.
Economy
5/2/2014
The murals were painted by Elementary and Middle School students of 11 schools of the National District and Santo Domingo.
Economy
3/7/2014
The agreement will assist merchants by providing them tax credits and extended deadlines Santiago, Dominican Republic - “We are grateful that the DGII has given us more than we demanded.” The President of the Association of Traders and Industrialists
Economy
3/7/2014
The Assistant Director of Planning and Development of the Internal Revenue Service, Esther Hernández Medina, highlighted the leading role of tax advisors, accountants, and other professionals of the agency in the implementation of the new DGII Strate
Economy
1/21/2014
The Ministry of Labor, through the National Wages Committee, revised Resolution No.4/2011 and established a new national minimum wage for piece-work plumbers in the construction sector.
Economy
1/21/2014
The General Directorate of Internal Taxes (DGII in Spanish) today received a payment from the Barrick Pueblo Viejo Dominicana Corporation of $36,429,046 US dollars for the Minimum Tax Year (IMA) of 2012, a result of the Second Amendment to the Specia
Economy
12/14/2013
A delegation from the Chamber of Commerce of Puerto Plata participated in the Fortieth Edition of the General Assembly of the Latin-American Association of Chambers of Commerce (AICO) and the Inter-American Commission of Commercial Arbitration (CIAC)
Economy
12/14/2013
The National Agricultural and Forestry Research Council (CONIAF in Spanish) on Thursday launched its “Training of Human Resources for the Upcoming Generation in the Agricultural and Forestry Research System” program with the goal of training capable
Economy
11/19/2013
Confidence, price and quality position local products above others.
Economy
11/19/2013
The Ministry of Labor, specifically the National Wages Committee, revised Resolution No. 6/2011 from June 1st 2011 and established a new minimum wage at a national level for workers that lend their services to non-profit organizations that are dedica
Economy
11/19/2013
The Dominican Tax Office (DGII) has released a series of educational videos on Tax Education for contributors in small to medium sized businesses and individuals with the goal of providing guidance and assistance about tax proceedings.
Economy
10/3/2013
For the culture sector it is imperative to have a satellite account, because with it we can provide detailed information on the performance and economic characteristics of culture.
Economy
9/27/2013
Mexican Economist Ernesto Piedras, an expert on cultural industries and satellite accounts, stated that a high percentage of the Gross Domestic Product (GDP) of the various countries, worldwide, is generated by culture, and that this sector generate
Economy
9/27/2013
As part of the activities underwayto at the Restoration 2013 Festival, Dominican Ambassador to Japan, Héctor Domínguez, visited Puerto Plata’s Chamber of Commerce and Productionwhere he held meetings with representatives from commercial, productive
Economy
9/27/2013
The President of the Dominican Federation of Small and Medium Enterprises (CODOPYME - Federación Dominicana de Pequeña y Mediana Empresa), Yuri Chez, praised the transparency and the participation of this business sector in the bidding process that
Economy
9/20/2013
The Directorate General of the Internal Revenue (DGII for its acronym in Spanish) informed of the approval of various devices for issuing invoices that include sales tax. They will be installed massively this year in small and medium-size businesses
Economy
9/20/2013
The National Council on Social Security (CNSS – Consejo Nacional de Seguridad Social), approved the temporary increase of RD$47.31 of the per capita contribution to the Family Health Insurance (SFS – Seguro Familiar de Salud) of the Tax Regimen, whi
Economy
9/20/2013
The recently inaugurated, Diplomat Magazine, which is the first of its kind in the Netherlands, designated the diplomat Dr. Eugenio Matos G. as its Honorary Associate Publisher. Matos is Minister Counsellor and current Economic Attaché for the Domin
Economy
9/13/2013
A study by the Tax Administration reveals that 60% of owners of motor vehicles will pay between RD$ 1,200 and RD$ 2,200 for vehicles with a value of RD$ 220,000 ​​or less in the market.
Economy
8/21/2013
Experts from Trinidad andTobago and Canada will make presentations at the seminar "Present and Future of Natural Gas in the Dominican Republic." Natural gas is a fuel that every day becomes more important in the Dominican market.
Economy
8/14/2013
The Ministry of Women and the Embassy of the Republic of China (Taiwan) this week re-inauguratedthe Training Center in Los Alcarrizos with an investment of more than 7 million pesos. The aim is to develop the skills, aptitudes and leadership among
Economy
8/14/2013
T he former President of the Dominican Republic and honorary President of Global Foundation for Democracy and Development (GFDD) and its sister organization in the Dominican Republic, Fundación Global Democracia y Desarrollo (FUNGLODE), Dr. Leonel Fe
Economy
8/1/2013
An explanation of the tax provisions is contained in General Tax Regulation 01-13, published on Monday in the National Press.
Economy
7/16/2013
The Ministry of Labor has validated the inquiries made on employment generation with public and private institutions. These will serve as the basis for drawing up the National Employment Plan, as announced by President Danilo Medina.
Economy
7/8/2013
President Fernández made this remark in a speech on Tuesday at the International Seminar, "The Caribbean and the CELAC – EU Synergy. Operational Proposals after the Santiago Summit," held in Brussels.
Economy
7/8/2013
The governments of the Dominican Republic and Haiti have been discussing ways to make the best use of European Union funds allocated for protecting the environment in the border area between the two countries, and for generating wealth that would hel
Economy
4/15/2013
The National Institute of Technical Professional Formation (INFOTEP in Spanish), received a donation of $200,000 US dollars from the People’s Republic of China (Taiwan), for the project “Expansion of the San Juan de la Maguana Technical Training Cent
Economy
3/1/2013
The Director General of the Internal Tax Office (DGII in Spanish) explained that there are four major points of action and operation around which the Anti-Tax Evasion plan for 2013 revolves: Oversight, Revenue, Collection and Tax Intelligence.
Economy
2/11/2013
The Patronato Pro Development of North Santo Domingo openedthe Third Inter-institutional Community Expo-Fair 2012 in North Santo Domingo,in which the Governor of the Province of Santo Domingo, Juan Frías, said that the Governor’s office will promote
Economy
2/11/2013
Forms are available through www.dgii.gov.do, as well as at the local DGIIoffices, the headquarters of the Taxpayer Assistance Center, and soon also through the Virtual Office
Economy
2/11/2013
Through an agreement that was signed this past Monday at the DGII headquarters, it was agreed to establish a Simplified Tax Procedure for this taxpaying sector.
Economy
2/11/2013
The general administrator of the state-subsidized “Meal Centers,” Mr. Ramón María Rodríguez, announced that 155 dinners will be organized in all municipalities of the nation, serving some 5,000 people at each location. Invited guests at the dinners w
Economy
2/6/2013
Through a forum with the stakeholders of the labor sector, the Ministry seeks to establish policies that ensure decent work and contribute to the economic growth of the country.
Economy
1/24/2013
LaborMinister, Maritza Hernández, suggested actions that would transform the prevailing cultural conditions that keep women from achieving gender equality in the labor market. She brought up this issue as part of the Self-Reform Syndicate of the Auto
Economy
1/14/2013
Pulso Colectivo, a space for developing a new generation of entrepreneurs in the Dominican Republic was formally opened.
Economy
1/14/2013
Timetable for the Implementation of the 253-12 Law for Strengthening the State’s Revenue Capacity for Fiscal Sustainability and Sustainable Development.
Economy
1/14/2013
At the moment, there are ay least 134 micro, small and medium-sized businesses, known as MIPYMES in Spanish, that have signed service contracts to supply components to the School Food Program (PAE in Spanish) which impacts the strengthening of these
Economy
12/28/2012
Experts and managers of public employment services from all continents met this Thursday at a workshop on LaborMigration and Public Employment Services, which is a priority issue for international organizations.
Economy
12/3/2012
To date,146,088 motor vehicle registration stickers were obtained at points of sale and 13,644 were renewed over the Internet (10.37% of sales).
Economy
12/3/2012
Maritza Hernández, Minister of Labor, evaluated the contributions made by the Construction Workers Pension Funds (FOPETCONS in Spanish) to the Dominican Social Security System through their annual contributions.
Economy
11/15/2012
Dr. Leonel Fernández, Former President of the Dominican Republic and President of Global Foundation for Democracy and Development (GFDD) and Fundación Global Democracia y Desarrollo (FUNGLODE) urged countries in Latin America to prioritize economic d
Economy
11/4/2012
Dr. Leonel Fernández, former president of the Dominican Republic and President of Global Foundation for Democracy and Development (GFDD) and Fundación Global Democracia y Desarrollo (FUNGLODE), affirmed that the Community of Latin American and Caribb
Economy
10/23/2012
Dr. Leonel Fernández, former president of the Dominican Republic and President of Global Foundation for Democracy and Development (GFDD) and Fundación Global Democracia y Desarrollo (FUNGLODE), warned of the political and social implications associat
Economy
10/23/2012
Dr. Leonel Fernández, Former President of the Dominican Republic and President of Global Foundation for Democracy and Development (GFDD) and Fundación Global Democracia y Desarrollo (FUNGLODE) argues that in order to increase public investment in Lat
Economy
10/23/2012
The campaign will open with 332 selling offices to renew the registration tags, plus the unlimited 24-hour 7 days a week service that is being provided through the Internet.
Economy
10/7/2012
With an investment of nearly $11.2 billion Dominican pesos, the Progresando Santa Fe Center for Training and Production in San Pedro de Macorís was inaugurated, propelling the residents of this area onto the road toward progress.
Economy
9/3/2012
GFDD is joining forces with the NGO Committee on Financing for Development, the Mission of the Dominican Republic to United Nations and the Special Coordinator Civil Society Office of the President of the Sixty-Sixth Session of the General Assembly t
Economy
9/3/2012
Today, June 18, in Rio de Janiero, Brazil, Global Foundation for Democracy and Development (GFDD), along with partner institution UBUNTU – World Forum on Civil Society Networks, advocated that urgent actions be taken by the global community to curb s
Economy
9/3/2012
Invited by DIGENOR and the Dominican-Brazilian Chamber of Commerce, Avelino Marques has more than 25 years of experience ensuring the quality of this biofuel.
Economy
7/28/2012
On Tuesday Vice President Rafael Alburquerquemade the first disbursement of a supplemental retirement plan,on the amount of approximately one billion pesos,to teachers who retired by Executive decreestarting in 2010. This retirement plan will benefit
Economy
4/13/2012
The study, “Most Admired Companies of 2011” was done by Read Research and Consulting Company and published by Market Magazine (Revista Mercado) in its January 2012 edition.
Economy
4/13/2012
The Director General of the Internal Revenue (DGII for its acronym in Spanish) hosted delegations from Curacao, El Salvador, Ecuador, and Paraguay, who are interested in implementing in their own countriestechnology programs that have been developedi
Economy
4/13/2012
President of the Dominican-Honduran Chamber of Commerce, Héctor Cerna, expressed an interest in increasing bilateral commercial relations between the Dominican Republic and Honduras.
Economy
2/6/2012
The meeting, which will last until this Wednesday, is being attended by delegates of tax administrations from seven countries
Economy
11/27/2011
With the goal of promoting institutional and financial sustainability in the Dominican agricultural clusters, the US Agency for International Development (USAID), through its Rural Economic Diversification Project, donated more than $32 million pesos
Economy
10/11/2011
The Dominican Republic will experience 5.5% economic growth in 2011 and 2012, placing it among the countries in the Caribbean region with the healthiest economy, according to a recent report from the International Monetary Fund (IMF).
Economy
9/25/2011
Spains major airline, Iberia, which provides the most Latin American connections than any other company in Europe, announced it will invest nearly $300 million dollars to modernize its flights to Latin America, according to Spains economic press.
Economy
9/20/2011
The National Energy Commission announced the progress achieved in the evaluation process and in the monitoring for compliance with the directive issued by the President, Leonel Fernandez, for government institutions to save 10% of their monthly energ
Economy
9/20/2011
Standard & Poors raised the Dominican Republics credit rating from B to B+, citing improvements in the countrys debt structure and economic growth. The upgrade came just as Dominican President Leonel Fernández was intending to go to the internatio
Economy
9/20/2011
In the face of the threat to families living at the lower end of the Llagal Tailings Dam of the Barrick Gold mine in Cotuí, President Leonel Fernández ordered the Economic Dining halls to continue providing meals to those affected by the flowing wate
Economy
9/20/2011
Colombian attorney Beatriz Arenas Montalvo, an expert in the fight against money laundering, called on all countries to strengthen their institutions and to maintain continuous monitoring and tracking, through a change of behavior of its employees vi
Economy
9/20/2011
Dominican Republic, Santo Domingo, 05/23/2011 Speaking before dozens of Dominican business leaders, the Director General of the Internal Revenue, Juan Hernandez, showed the levels of mode
Economy
7/11/2011
Dominican Republic, Santo Domingo, 05/28/2011 The Internal Revenue Office (DGII in Spanish) reported that this year, the second since Law 179-09 covering Tax Deducti
Economy
7/11/2011
Santo Domingo,11/06/2010 The European Investment Bank (EIB) will grant the Dominican Republic $47 million dollars in financing, the major portion of a larger disbursement of $13
Economy
1/26/2011
Santo Domingo, 11/06/2010 Juan Temístocles Montás, Minister of Economy, Planning and Development met with a delegation from the International Monetary Fund (IMF). Montás and IM
Economy
1/26/2011
Santo Domingo, 10/27/2010 A candid Community Discussion about Four Scientific Projects in the Dominican Republic. Saturday November 6, 4:00pm - 6:00pm on the City College of New
Economy
1/26/2011
Santo Domingo, 11/14/2010 Dominican President Leonel Fernández, met with the technical mission of the International Monetary Fund (IMF), which gave a “highly satisfactory” rating to the performan
Economy
1/26/2011
Santo Domingo, 11/18/2010 A total of 566 small coffee producers in Baní benefitted from the construction of infrastructure and equipment acquisition to be used to dry coffee which will help th
Economy
1/26/2011
Santo Domingo, 11/20/2010 Despite the worldwide crisis, the Dominican Republic currently enjoys the benefits of an economically robust financial system, according to a series of reports from government institutions revi
Economy
1/26/2011
Santo Domingo, 10/26/2010 Dominican President Leonel Fernández, thanked the government of Taiwan for the nearly $2.8 million dollar donation to be used for the upcoming National Population and
Economy
1/26/2011
Santo Domingo, 10/26/2010 Dominican President Leonel Fernández will head the upcoming XIV Conference on Duty Free Zones in Latin America to open on October 28 in the Paradisus Palma
Economy
12/8/2010
Santo Domingo, 08/24/2010 The General Office of Internal Taxes (DGII in Spanish) stressed the importance of Decree 408-10 pronounced by the Executive Office which will
Economy
11/5/2010
Santo Domingo, 9/13/2010 The Office of Internal Revenue (DGII in Spanish) released a series of new measures aimed at increasing transparency, security and contro
Economy
11/5/2010
Santo Domingo, 9/13/2010 En a joint investment project, the United States Agency for International Development (USAID) contributed a sum of $2.4 million Dominican pesos with the goal of sup
Economy
11/5/2010
Santo Domingo, 09/03/2010 This first regional seminar, developed under the title “A Comprehensive Vision of Tax Control Processes Beginning with Basic Elements in
Economy
11/5/2010
Dominican President Leonel Fernández said that he understands “the anxiety and desperation” of the Haitians and of those who think “the world has forgotten about Haiti” as the implementation of some of the international commitments have not been fulf
Economy
7/24/2010
The German Bank informed the Dominican President Leonel Fernández of its intention to continue financing social development and infrastructure programs in the country that will be carried out by the private sector with government backing.
Economy
7/24/2010
The Dominican Republic and Germany signed a mutual protection agreement that covers investments in both countries. The announcement was made during an official visit to Germany by President Fernández.
Economy
7/24/2010
The Central Bank of the Dominican Republic and the Inter-American Development Bank signed a collaboration agreement for the former to carry out a national survey in support of the work being done by the Solidarity Program.
Economy
7/24/2010
Vice Presidents and dignitaries in Santo Domingo attending the III Regional Meeting of Vice Presidents recommended to their respective leaders that they should designate 1% of their Gross Domestic Product to promote access to science, technology and
Economy
7/21/2010
The National Institute for Professional Technical Training (INFOTEP in Spanish) will soon begin a training program for specialized personnel in the art of making shoes by hand. The program, to begin the first week of May, is being carried out at the
Economy
5/18/2010
Private and public universities in the Dominican Republic and Puerto Rico should draw up strategic plans to help focus their resources in an effort to minimize the impact of the economic crisis affecting their finances, says Jorge Iván Vélez Arocho,
Economy
2/25/2010
The government of the Dominican Republic will donate two mobile kitchens to the Haitian authorities, in order for them to guarantee and maintain the food aid program for thousands of refugees and homeless who were victims of the devastating earthquak
Economy
2/16/2010
Dominican and Haitian authorities will meet on Monday to improve the mechanisms now in use to move machinery and merchandise between the two countries in an effort to normalize the situation in Haiti after the devastating earthquake of January 12.
Economy
2/14/2010
The Corporation of Aqueduct and Sewers of Santo Domingo (CAASD in Spanish) in the Dominican Republic, joined the other recovery programs underway to lend help to Haiti, as ordered by President Leonel Fernández. The CAASD will send water tankers with
Economy
2/2/2010
Haitian Prime Minister, Jean-Max Bellerive, said that he hoped that by January of 2010 steps will be taken to reactivate the Bilateral Mixed Dominican-Haitian Commission which has been inactive for several years. He said he hoped this would take plac
Economy
1/23/2010
The Central Bank of the Dominican Republic announced that the Executive Board of the International Monetary Fund (IMF) approved the Stand-By Arrangement with the Dominican Republic.
Economy
12/8/2009
The governments of China and the Dominican Republic signed a memorandum of understanding on Tuesday that outlined the Distribution of Assistance from China to the Dominican government for the period of 2009-2012.
Economy
11/18/2009
The Ministry of Agriculture, in a recent conference, officially began the process of updating the Strategic Development Plan in the Agriculture and Farming Sector with the goal of increasing the food security and export capacity of these sectors in t
Economy
10/27/2009
At the annual meetings with the International Monetary Fund (IMF) and the World Bank, Dominican Central Bank Governor, Héctor Valdez Albizu; Vicente Bengoa, Minister of Finance and Temístocles Montás, Minister of Economy, Planning and Development, me
Economy
10/23/2009
The Dominican government signed a cooperation agreement with the United Nations (UN) System for the strengthening of the value chain of bananas through increasing the growth of inclusive markets. This is expected to be carried out over the coming thr
Economy
10/12/2009
The Spanish Chamber of Congress and Industry in the Dominican Republic presented its Guide to Business in Central American and the Dominican Republic , an informational tool outlining commerce and investment in the region.
Economy
8/5/2009
Minister of Labor, Max Puig, clarified that there have been labor advances in the Dominican Republic thanks to the technical cooperation contained in the Free Trade Agreement with the United States, Central America and the Dominican Republic, known a
Economy
8/5/2009
The Economic Cafeterias of the Dominican State recently acquired the modern mobile kitchen. It has distributed 55,121 rations of free prepared food in different parts of the country with this new industrial equipment.
Economy
8/4/2009
The Israeli government will support programs earmarked to strengthen the economic, educational, environmental, technological, military and agricultural development in the Dominican Republic.
Economy
8/4/2009
Dominican President Leonel Fernández, will leave this Friday, June 12, to travel to Saint Kits to participate in the VI Summit of Head of States and Governments who are members of Petrocaribe.
Economy
7/15/2009
Economist Henri Hebrard confirmed that between 2008 and 2009, Latin American countries will receiving as much as $5 billion dollars less in remittances sent annually by families living outside their countries due to the ongoing international economic
Economy
7/13/2009
The Dominican Republic and Puerto Rico sealed their alliance to strengthen commerce, promote economic growth, employment and development. Dominican President, Leonel Fernández, and Puerto Rico Governor, Luis Fortuño, are committed to supporting this
Economy
7/13/2009
The Dominican Republic will have access to 250 million Euros from Spain, to be used for various projects, said President Leonel Fernández upon his arrival back to the DR. The money is part of Spain’s cooperation program.
Economy
7/9/2009
The government will deliver thousands of rations of food to families in communities affected by heavy the rains hitting parts of the country. This effort will be carried out by the Economic Canteens of the State with a 1.6 million peso investment.
Economy
6/2/2009
With an investment of 3.9 million pesos, the government’s General Administration of Low Cost Canteens began construction work on the new Producer Canteen in this city. The new canteen will have the capacity to prepare up to 5,000 meals cooked meals p
Economy
5/19/2009
Taking into account the global economic crisis, Director General of the Internal Revenue Office, Juan Hernández Batista, suggested the need to consider a more appropriate collection of tax revenues from the income tax base and to seek a healthier bal
Economy
5/5/2009
As part of the plan to re-launch Puerto Plata, the Tourism Minister announced the approval of a series of investments to be made in this tourism zone.
Economy
5/5/2009
With the participation of delegates from more than 40 countries and more than 200 specialists in tax matters and high technology, the 43rd Assembly of the Inter-American Center for Tax Administration (CIAT in Spanish) got underway yesterday in Santo
Economy
5/4/2009
President Leonel Fernández took part in the opening activity to inaugurate the construction of a renewable energy generator that will be utilizing castor oil. The new company, located in the Northeastern region of the country, will generate some 25,0
Economy
4/28/2009
Dominican Labor Minister, Doctor Max Puig, announced the installation of 16 new territorial employment offices to be opened throughout the country as well as the undertaking of several Dominican labor market studies. These moves form part of the inst
Economy
4/22/2009
"The crisis can be an opportunity if democracy responds to popular demands. In this sense, functionaries should fulfill their role by showing capacity and by responding intelligently,” said Virgilio Levaggi during his speech at the V Meeting of Labor
Economy
4/22/2009
The Central Bank pledged on Tuesday that the interest rates in terms of expected averages have gone down in commercial banks by 2.15% since December 31, 2008 thanks to the package of measures adopted by the financial monetary authorities which are at
Economy
4/21/2009
Labor ministers from Costa Rica, Guatemala, Honduras, El Salvador and the deputy Labor Minister from the Dominican Republic made a courtesy visit to the Secretary General of the Organization of American States (OAS), José Miguel Insulza, during the e
Economy
3/9/2009
Varios filmes japoneses de reciente producción y totalmente inéditos en el país serán exhibidos en el marco de la semana de cine japonés 2009, que se llevará a cabo desde el jueves 19 al 25 de febrero en la Cinemateca Dominicana.
Economy
3/2/2009
Director of the National Statistics Office (ONE), Pablo Tactuk, submitted proposals for consideration to the Summit for National Unity to Confront the World Economic Crisis. The proposals seek to elevate the issues of basic infrastructure for rural d
Economy
2/20/2009
Taiwanese Ambassador Isaac Tsai paid a courtesy visit to Nicolás Calderón, the General Administrator of the Dominican Government’s Low Cost Food Centers, where he exchanged impressions on social policies being carried out by the Dominican Government
Economy
2/20/2009
Promotion of the Dominican Republic as a particularly optimum destination for tourism investment and to guarantee major international cooperation in benefit of the competitive sector are the two strategic goals of SECTUR’s Promotion of Investments an
Economy
2/20/2009
Juan Hernández, Director of the Internal Taxes Agency, announced that the government would not update property taxes, confirming that, for the moment, they will remain as they are calculated by the Real Estate Property Tax (IPI). This halt to propert
Economy
2/12/2009
Canadian Ambassador to the Dominican Republic, Patricia Fortier, said it looks like North American investment and tourist flow to the DR are likely to increase in 2009.
Economy
2/5/2009
Juan Hernández Batista, the head of the Directorate General of the Intern Revenue(ITIBIS) office, confirmed that currently tax evasion in the Dominican Republic has come under control in 24% of the cases as the office prepares to increase that number
Economy
2/4/2009
It is projected that direct foreign investment in the Dominican Republic will reach as high as $2.4 billion in 2009, according “Balance and Perspective of Foreign Investment and the Competitiveness Plan” a report presented by the Center for Foreign I
Economy
1/27/2009
Despite the negative panorama of the international financial crisis, the final numbers for 2008 were positive in terms of foreign tourism as well as investments, both of which continued to flow into the Dominican Republic.
Economy
1/22/2009
This figure appeared in a survey done in the Dominican Republic in August 2008 by Manuel Orozco, of Inter-American Dialogue, who recently spoke at a FUNGLODE Conference
Economy
1/16/2009
Dominican President Leonel Fernández will travel to Brazil to participate in a regional summit where participants will analyze the current global economic crisis. The meeting, scheduled for December 15-17, will be held in Salvador de Bahia, Brazil.
Economy
1/12/2009
On Tuesday, the Dominican Chamber of Deputies swore into law the draft bill for Development of Small and Medium Businesses (PyMES), one of the projects designed as part of the National Plan for Systemic Competitiveness which will help improve the lev
Economy
1/12/2009
The government, through the State-run Low Cost Dining Halls, will invest RD$120 million pesos to carry out an ambitious food program that entails 350,000 meals to be delivered to needy families during the upcoming Christmas season.
Economy
12/16/2008
Fernando Capellán, President of the Dominican Free Zones Association (ADOZONA), argued for the creation of a new legal statute pertaining to the promotion of national exports that would allow the country to take full advantage of the opportunities pr
Economy
12/10/2008
Dominican Tourism Minister, Francisco Javier García, recently proclaimed that “the moment has come for Las Terrenas to radically change” into a model tourism area. To further that goal, the Minister has announced the undertaking of important construc
Economy
12/10/2008
The Commercial Societies project has passed from a bill to a law and some say it is a “revolution” and a transformation for commerce in the Dominican Republic in that it updates the Commerce Code of 1844 and will help the country improve its internat
Economy
12/10/2008
With the goal of training workers at the Provinicial Statistics Offices, the second version of “Information Management, Statistics and Cartography Course” was given to those employees interested in learning about collecting, analyzing and presenting
Economy
12/9/2008
The funds in this agreement are earmarked to be put into use in a system. The National Statistics Office will receive international technical assistance through a donation for the completion of the second Budget Program, “System of Indicators for Soc
Economy
12/9/2008
The Norms and Quality Systems Agency (DIGENOR) officially launched a pilot project involving volunteer technical normalization to promote competitiveness among small and medium businesses (PYMES) through a training and general support program.
Economy
12/2/2008
The Dominican Republic and the State of Qatar signed a memorandum of understanding in the areas of tourism, energy and ministerial cooperation.
Economy
12/2/2008
The District Attorney of the National District has registered a 60% drop from this time last year (2007) in lawsuits and complaints filed for the violation of Law 65-00 which protects Authors Rights.
Economy
12/2/2008
The changes put in effect under the General Internal Tax Office to modernize the system to benefit taxpayers has had a significant impact on advances made in the Dominican Republic, according to the sixth edition of the World Bank´s Doing Business 20
Economy
11/26/2008
The National Statistics Office (ONE) will receive technical assistance through an international cooperation donation earmarked for its second Budget Program called “System Indicators for Social and Economic Planning.” It is part of the Institutional
Economy
11/6/2008
The Internal Tax Office released General Norm No. 07-08 covering the “Release of Fiscal Proof of Payment in Industrial Companies” with the goal of facilitating the fulfillment of tax obligations among contributors.
Economy
11/6/2008
The Dominican Republic stood out in the Global Competitiveness Report of 2008-2009 by placing 47th among 134 countries in the area of time required to open a new business, obtaining an increase of 62 votes compared to last year when we occupied 109th
Economy
11/3/2008
The Dominican Republic will capitalize on its close proximity to the United States and the economic crisis gripping that nation. Dominican Tourism Minister Francisco Javier García announced the adoption of innovative strategies oriented toward the US
Economy
10/20/2008
During the first 8 months of this year, 2,567,050 foreign visitors have arrived at the various airports around the country.
Economy
10/20/2008
Frank Jorge Elías, President of Super Channel Caribbean, Dominican View and Super Channel 33 was honored as Businessman of the Year 2008 for his work in business and telecommunications. Mr. Elías received the prize from Latin Pride, a US-based organi
Economy
10/14/2008
The Ministry of Tourism together with a group of hotel managers, Destination Management Companies (DMCs) and tour operators are participating in the "Incentive Travel and Meetings Exhibition" (IT&ME 2008) being held in Chicago, Illinois. The DR’s pa
Economy
10/14/2008
On Monday, President Leonel Fernández met with US Commerce Secretary, Carlos M. Gutiérrez and a group of business people in the National Palace where they discussed establishing a market in the Dominican Republic, taking advantage of the regional opp
Economy
10/14/2008
The Dominican community living abroad contributed $59,693.8 billion dollars to the country´s economy during the first semester of 2008 through monetary remittances and money spent on touristic visits. This amount represents 8% of the country´s Gross
Economy
10/10/2008
Speaking at the 63rd Meeting of the United Nations General Assembly on Wednesday, Dominican President Leonel Fernández proposed his ideas for the creation of a rescue plan that would enable poor countries to achieve their goals stated in the Millenni
Economy
10/10/2008
Dominican President Leonel Fernández swore in a Regulatory Commission for Disloyal Business Practices and Safety Measures and Protections.
Economy
10/7/2008
Representatives from the European Union and the Dominican government, through the ONFED, signed a financial agreement for 7.5 million Euros in the form of a support budget for the prevention of and rehabilitation from natural disasters.
Economy
10/1/2008
The Executive Branch of the Dominican government, by decree, created a customs office for the special treatment and movement of high priority natural resources making them available for dispatch within 24 hours after presenting their declaration.
Economy
10/1/2008
Jorge Woodbridge, Costa Rican Competiveness Minister, visited the country to see the advances made here within the business climate, an achievement that was recently recognized by the World Bank through “Doing Business.” Mr. Woodbridge affirmed that
Economy
10/1/2008
The Dominican government has earmarked 6 billion pesos for the agricultural sector to be used for short, medium and long-term projects as a way of guaranteeing national agricultural production in the face of the world food crisis affecting many natio
Economy
10/1/2008
The National Competitiveness Council (CNC), the Dominican Agro-Business Council (JAD) and the Pineapple Producers Collective published a technical guide for pineapple cultivation called “Better Pineapples for Competitiveness,” with the objective of p
Economy
9/26/2008
The Dominican government will send 500 tons of food and construction materials to Cuba, worth 17 million pesos, as a gesture of solidarity to alleviate the damage suffered by this island nation following last week’s devastating hurricane, Ike.
Economy
9/23/2008
The Dominican Tourism Minister announced that in the coming years the private sector will begin construction on various tourism development projects in the country´s main tourism areas at a cost of more than 9 billion US dollars.
Economy
9/23/2008
Commerce Secretary of the United States, Carlos Gutiérrez, used the Dominican Republic as an example of one of the Latin American countries that has achieved “tangible results” in its business climate that “will have an impact” on the country’s compe
Economy
9/20/2008
The Executive Branch promulgated the Supplementary Budget that modifies approved spending in the Income Budget and the government’s 2008 Public Spending Law, raising the amount to RD$31,340 million pesos.
Economy
9/3/2008
Dominican President Leonel Fernández was sworn in on Saturday as president for a term of four years. President Fernández presented his plan to reactivate and protect the countrys economy, weakened by the high oil and food prices.
Economy
9/3/2008
The Minister of Environment and Natural Resources, Omar Ramírez Tejada and representatives of the National Council of Duty Free Export Zones (CNZFE) met to discuss some of the requirements of the sector and the advances being made by the Ministry to
Economy
8/26/2008
The Tourism Promotion Office (OPT) of the Dominican Republic, with its headquarters in Chicago, is undertaking an aggressive strategy to expand its market in the Midwest United States and to open a new niche among this important American demographic.
Economy
8/12/2008
The General Office of Internal Revenue Service announced the extension of the obligation to withhold Income Tax of Individual Workers or foreign earners who offer professional services related to development projects involving products, materials, pr
Economy
8/12/2008
Thanks to a $45 million peso investment, the South Future Foundation (Fundación Sur Futuro), the Ministry of Environment (SEMARENA), the Japanese Agency for International Development (JICA) and the Kellogg Foundation together made possible four irri
Economy
8/12/2008
Authorities and representatives of the duty free zones announced they will put into effect a project to re-launch the local textile sector with the objective of identifying potential markets and buyers in the United States and Europe.
Economy
7/30/2008
The Foreign Minister from the Bolivarian Republic of Venezuela, Nicolás Maduro Moros, held an intense work session with Dominican Secretary of State Miguel Mejía to analyze the integration projects and agreements between the two countries.
Economy
7/30/2008
Dominican President Leonel Fernández, announced the implementation of an austerity plan to go into effect the second semester of this year. It will consist of cut backs in public spending and the acceptance of outside financing necessary to cover the
Economy
7/30/2008
Dominican President Leonel Fernández arrived last Saturday to Venezuela to participate in the 5th Extraordinary PetroCaribe Summit to be officially inaugurated on Sunday.
Economy
7/28/2008
The District Attorney, Business Software Alliance-BSA and Dominican Microsoft announced the intensification of raids on commercial centers or sales points where computer equipment is found to be violating Law 65-00 that governs Intellectual Property
Economy
7/28/2008
Dominican President Leonel Fernández, in his final declaration at the Petrocaribe summit, called on member countries to remain alert to the excessive and unregulated speculation going on in the international oil markets. He said it has become a decis
Economy
7/28/2008
The Dominican Republic continues consolidating itself as an attractive tourist destination as is confirmed with the news that, for the 11th straight month, large numbers of foreign tourists are arriving at the various airports around the country.
Economy
7/28/2008
Dominican President Leonel Fernández proposed the creation of a block comprised of the 157 countries affected by the rise of oil prices as a way of demanding that oil producers invest part of the unregulated profits they earn in prepaid sales.
Economy
7/28/2008
The National Competitiveness Council (CNC) and the United States Agency for International Development (USAID-RD) is promoting the facilitation of commerce, the creation of a business climate and the improvement of collaboration between industries thr
Economy
7/24/2008
Dominican authorities, upon signing an agreement with the Basque government, received a donation of 300,000 Euros which are earmarked for the rehabilitation of 21 aqueducts that were damaged during last October’s Tropical Storm Noel.
Economy
7/24/2008
As part of Tourism Minister Félix Jiménez’s trip to Spain, Italy and Switzerland, the Tourism Minister held a series of meetings with the main tour operators and press outlets. In Switzerland, he procured bilateral links and familiarized the Swiss ma
Economy
7/24/2008
The Economy Minister, Vicente Bengoa, announced that next week the Executive Power will submit the Supplementary Budget in which the subsidization of bread is expected to be continued.
Economy
7/18/2008
Spanish tourism in the Dominican Republic has been on the rise for these past years, totaling some $2.155 billion dollars between 1993 and 2007, revealed Dominican Tourism Minister Félix Jiménez to a full auditorium made up of members of the Confeder
Economy
7/16/2008
ADEMI Bank president, Manuel Arsenio Ureña wanted to get to know Santo Domingo’s Chinatown and to begin the process of establishing a cooperation agreement, so he paid a visit to the offices of the Flower for Everyone Foundation.
Economy
7/16/2008
L egislators should approve the Commercial Society and Mercantile Restructuring Law projects in that they are “vital to improve the business and competitiveness of our country” as these legal instruments represent “a substantial improvement in the co
Economy
7/16/2008
President Leonel Fernández announced that a Food Development Plan will be undertaken in coordination with the public and private sectors. He also pledged that the Dominican Republic will successfully come out of the food crisis affecting the world.
Economy
7/16/2008
With an eye to carving out a tourism niche among private airline companies, James Parker is in the Dominican Republic this week. Mr. Parker, invited by the government, is the main promoter of the Dominican tourism market for the United States, Canada
Economy
7/16/2008
Dominican President Leonel Fernández and his economic team recently signed a monitoring agreement with the International Monetary Fund (IMF).
Economy
7/16/2008
Dominican President Leonel Fernández will oversee a meeting between his economic team and the International Monetary Fund (IMF), the Inter-American Development Bank (IDB), the World Bank (WB), the Economic Commission on Latin America (ECLAC), and the
Economy
7/16/2008
Acting through Decree Number 243-08, the Executive Power created a Food Security Council. The Council will be headed by President Leonel Fernández and the Minister of Agriculture will act as the council’s Vice-President.
Economy
7/16/2008
The President’s Commission on Millennium Objectives and the Cisneros Foundation will work in coordination to carry out a series of programs to improve the quality of life among residents of the Municipality of Miches.
Economy
7/16/2008
Puerto Rico is seeking wider bilateral cooperation with the Dominican Republic and other Spanish-speaking Caribbean islands in the area of tourism with the view of eventually reaching regional agreements and strategies in the face of such challenges
Economy
7/1/2008
Dominican Tourism Minister Félix Jiménez is visiting various European cities where he will promote tourism in a bid to increase the numbers of European visitors to the Dominican Republic
Economy
7/1/2008
On Thursday, Dominican President Leonel Fernández began a series of work meetings with various government sectors to draw up an “Integral Development Plan” to confront the various aspects of the world crisis stemming from the rising food and fuel pri
Economy
6/23/2008
The government of President Leonel Fernández is maintaining “absolute control of the national financial situation” despite the international economic problems caused by rising fuel and food prices and therefore is not considering a tax reform for the
Economy
6/23/2008
The Northern Region Industrialists Association (AIREN) in coordination with the National Competitiveness Council (CNC) began a project to support the competitiveness of businesses in this area of the country, through the implementation of ISO 9001-20
Economy
6/19/2008
With the assistance of Dominican Vice-President Rafael Alburquerque and José Luis Machinea, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Juan Temístocles Montás, Minister of Economy, Planning and Develop
Economy
6/19/2008
In an effort to reasonably confront the high cost of passenger and cargo transport, three state institutions have decided to unite their efforts “to promote, manage and co-finance, in a joint effort, the diagnostics, analysis and reforms necessary fo
Economy
6/19/2008
Speaking on Tuesday, Dominican President Leonel Fernández warned that countries like the Dominican Republic as well as others in Latin America and the Caribbean are quickly finding it impossible to keep up with the skyrocketing prices of fuel.
Economy
6/19/2008
Dominican President Leonel Fernández conferred upon José Luís Machinea the Order of Duarte, Sánchez and Mella Award during a solemn ceremony in the National Palace.
Economy
6/19/2008
The Dominican Republic and Cuba agreed on Wednesday to form commissions to begin the writing of a Free Trade Agreement, free of customs duties. President Leonel Fernández and the First Vice-President of the Cuban Council of State Ramón Machado Ventur
Economy
6/16/2008
President Leonel Fernández held a work meeting with 16 Spanish investors in which they discussed investment possibilities in the tourism and energy sectors as well as railroad projects. At the working dinner the participants talked to President Ferná
Economy
6/16/2008
The Economic Commission for Latin America and the Caribbean (ECLAC) will begin its 32nd Ministerial Meeting this coming Tuesday in Santo Domingo where it will discuss strategic themes for development in the region.
Economy
6/16/2008
The President of the Dominican Republic, Leonel Fernández, on Wednesday proposed the application of an emergency action plan that would allow the world’s most vulnerable countries to have access to enough resources to confront the rising costs of oil
Economy
6/12/2008
United Nations Secretary General Ban Ki-Moon announced that he is considering the proposal made by member countries of the Central American Integration System (SICA) led by Dominican President Leonel Fernández, which calls for a special UN session to
Economy
6/11/2008
The Dominican Republic was elected by delegates from around the world to be the Rapporteur of the Plenary Conference of FAO Food Summit underway currently in Rome. The rapporteur of the plenary will be undertaken by Dominican Agriculture Minister, Sa
Economy
6/11/2008
Dominican President Leonel Fernández was unanimously elected to be the vice-president of the High Level Conference on World Food Security, Challenges of Climate Change and Biofuels, welcoming a proposal from the Group of Latin American and Caribbean
Economy
6/10/2008
During his participation in the Central American Integration System Summit (SICA), Minister of Foreign Relations, Carlos Morales Troncoso, said President Leonel Fernández will seek support from his counterparts to create a Food and Energy Crisis Fund
Economy
6/10/2008
Heads of State and Governments of the Central American Integration System (SICA) and the Brazilian President are calling for an urgent meeting of the Extraordinary Session of the General Assembly of the United Nations to deal with the world economic
Economy
6/10/2008
On Wednesday, Dominican President Leonel Fernández met with major investors of the Barrick Gold Company, the biggest mining company in the world. The meeting, in the National Palace, was held to discuss the development
Economy
6/5/2008
A recent study revealed that 79% of all software packed and installed in the country’s personal computers in the last year is illegal. The study about international software pirating was carried out by International Data Corporation (IDC), a global l
Economy
6/4/2008
The Dominican Minister of Economy, Planning and Development announced on Tuesday that the government will take rigorous steps to guarantee the fulfillment of its economic commitments. Juan Temístocles Montás said the economic authorities are consciou
Economy
6/2/2008
The National Competitiveness Council (CNC) has asked the National Congress to approve three law projects submitted by President Leonel Fernández in 2007 which are fundamental to guarantee the competitiveness of Dominican businesses.
Economy
6/2/2008
President Leonel Fernández met last Wednesday with a negotiating commission to discuss the government’s acquisition of shares of the Dominican Shell Oil Refinery.
Economy
6/2/2008
Dominican President Leonel Fernández will travel on Wednesday May 28 to Rome and El Salvador to participate in meetings about food security, climate change and bio-engineering. Participants will also discuss increased cooperation among countries belo
Economy
6/2/2008
The Dominican Tourism Promotion Office (TPO) in Miami took part in the “Trade Show and Appreciation Dinner,” given by GoGo Worldwide Vacations, one of the most important tour operators in the United States. The TPO is hoping to promote
Economy
5/22/2008
Dominican President Leonel Fernández announced the creation of a National Council for Food Security comprised of representatives from the private and public sector with the goal of confronting the threats inherent in the current global food crisis an
Economy
5/19/2008
The first Air Dominicana flight landed last night at 8:15 p.m. at the International Airport of the Americas (AILA). Beginning at midday on Friday it will begin test flights between Santo Domingo and Santiago.
Economy
5/19/2008
The Dominican Republic will participate in a regional Food Security Program in Managua, Nicaragua this coming May 7. Participants at the summit will discuss regional strategies on improving production and distribution of food in the face of world wid
Economy
5/13/2008
The number of non-resident tourists arriving to the DR by airplane continues to rise, especially this past month when 389,075 tourists landed in the DR, according to a press release from Tourism Minister Félix Jiménez.
Economy
5/13/2008
The average salary for Dominican families living in the United States increased 18% between 2000 and 2006, rising from $28,729 in the year 2000 to $33, 837 in 2006, according to the Quisqueya Foundation, a non-governmental organization (NGO).
Economy
5/13/2008
Over the past two years, the Executive Committee for Tourism Infrastructure (Ceiztur) has carried out, and is still in the process of working on, projects worth US$88,067,931 dollars, currently equivalent to nearly RD$3 billion (RD$2,981,980,143.66).
Economy
5/13/2008
The National Competitiveness Council (CNC) negotiated for the implementation of an incubator business network that would facilitate the coordinated development of highly competitive companies based on the availability of intellectual capital and cont
Economy
5/13/2008
The Dominican Republic signed two agreements in the amount of 10 million Euros that will benefit the Ministries of Education and Environment.
Economy
5/13/2008
The Dominican government arrived at a consensus on Thursday with production, commercial and retail sectors around the country that would essentially establish a reasonable pricing system of basic food necessities especially rice, chicken, eggs, milk
Economy
4/29/2008
The Dominican Republic is the first country in the world in terms of the amount of money spent by the government in the tourism sector, confirmed Senior Economist from the World Economic Forum, Irene Mía, who added that the sustainability of the
Economy
4/29/2008
Due to the Dominican Republic’s lack of university-level training for ports and harbor management, it is difficult to find and train high level, executive, division chiefs, supervisors and analysts. As a result, it is necessary to establish a pertine
Economy
4/25/2008
The Support Program for Small Dominican Enterprises (PROEMPRESA), administered by the European Development Fund with resources donated by the European Union is wrapping up a 5-year program of supporting the development of small and medium sized busin
Economy
4/2/2008
With a 10 million Euro investment, the Support Program for Small Private Dominican Enterprises (PROEMPRESA), financed with a donation from the European Union and the Dominican government, wrapped up its work in the country after having helped more th
Economy
4/2/2008
Secretary of Industry and Commerce Melanio Paredes, confirmed that the main achievement of the first year of implementation of the Central American and Dominican
Economy
4/2/2008
The Secretary of State for Tourism (SECTUR) projects that it will invest as much as $8 billion US dollars over the next five years (2008-2012) in tourism promotion projects. This year alone tourism projects will exceed $1.5 billion US dollars (nearly
Economy
3/31/2008
The National Competitiveness Council (CNC) and the Government’s Norms and Quality Agency (DIGENOR), will implement a pilot program that will introduce the culture of quality control in productive networks and among business leaders in small and
Economy
3/19/2008
The National Council for Competition (CNC) and the Association of Industries of the Dominican Republic (AIRD) signed an agreement to unite their efforts around a project known as “Industrial Innovation: Competing With Speed and Flexibility,”...
Economy
3/16/2008
Speaking before the National Assembly in commemoration of Independence Day, Dominican President Leonel Fernández gave a traditional speech in which he clarified the country’s economic situation and enumerated the achievements of his mandate in such
Economy
3/9/2008
The National Council for Competition (CNC) and Oxfam, the Spanish organization, signed an agreement in which they have committed to identify, co-finance and implement educational and strengthening activities for the clusters of small coffee producers
Economy
2/20/2008
Secretary of State for Economy, Planning and Development launched the “Second Survey on the Effectiveness of Assistance and Development,”...
Economy
2/14/2008
Director of the National Council for Competition (CNC), Andrés van der Horst, participated as a panelist, representing the Dominican Republic...
Economy
2/2/2008
The General Directorate of Internal Revenue (DHII) announced the application of a series of measures favoring the national farming and agricultural sector...
Economy
2/1/2008
The General Office of Internal Taxes (DGII, Spanish acronym) announced the new income tax scales that will go into effect this year. Those who earn...
Economy
1/21/2008
On Thursday, Dominican President Leonel Fernández announced and put into force the Budget Revenue 15-08 Law and the Public Spending Law for this year.
Economy
1/18/2008
Governor of the Central Bank, Héctor Valdez Albizu, reported that the Dominican economy of 2007 ended on a positive note with widely satisfactory results,..
Economy
1/18/2008
During 2007, Latin America and the Caribbean sustained a favorable economic situation that allowed for growth in nearly all the countries of the region.
Economy
1/9/2008
The Dominican government announced on Tuesday that the Economic Association Agreement, signed by 15 Caribbean countries including the Dominican Republic and the European Commission
Economy
1/9/2008
The National Competition Council (CNC) and the NGO Alliance will work together to promote Socially Responsible Business Practices with...
Economy
1/8/2008
The Secretary of State for Tourism, business people in this sector, the District Town Council (ADN), the Chamber of Commerce and Production and the National Council for Competition (CNC)...
Economy
12/18/2007
The Dominican Secretary of State for Tourism has announced that in February the second phase of a beach rehabilitation plan will get underway in the provinces of San Cristobal, Barahona and Montecristi with a $21 million investment.
Economy
12/18/2007
The National Development Council, headed by President Leonel Fernández, met on Thursday and approved the National Projects Budget and the General Law for Income and Public Spending for 2008.
Economy
12/18/2007
Around 200 Dominican artisans and craftspeople, from all around the country, will promote and sell their wares at the Sixth Annual Christmas Crafts Fair to be held December 7-9 in...
Economy
12/13/2007
The Reserve Bank has announced that interested readers can download books, free of charge, published by...
Economy
12/13/2007

 











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