Browse by Tags
All Tags »
Economy »
Buyer Information (RSS)
Government Bullish on Economy The Dominican government’s economic team is optimistic about growth prospects for the end of the year, as reported in Listin Diario. The team forecasts a growth rate of at least 3% for this year. The IMF forecasts growth
Read More...
Santo Domingo.- The long awaited announcement by Venezuelan tycoon Gustavo Cisneros on the construction of an ambitious project in Dominican Republic’s northeast came today, called Tropicalia, at a cost US$2 billion. He said it’s an ecological,
Read More...
Before 1969, the coastal province of La Altagracia, between Juanillo and Uvero Alto all we had were cow pastures, today, more than six billion dollars have been spent. Bavaro. In an interview many years ago with an outstanding character of the Province,
Read More...
Punta Cana.– As other hotel markets suffer, planned resorts indicate Dominican Republic remains desirable as Philadelphia-based AMResorts has announced that plans to develop two new luxury resorts at Cap Cana at a cost of US$200 million. Located
Read More...
According to Hacienda Minister Vicente Bengoa, the DR and Central America have yet to feel the pressures of the world economic crisis, saying that what is being seen is a deceleration of growth in the region's economies. Bengoa explained that a recession
Read More...
The Ministry of Tourism reported that last year occupation averaged 70.6%, compared to 72.20% in 2007. Highest occupancy rates were in Punta Cana-Bavaro with 77.7%. According to a recent report issued by the DR Ministry of Tourism, arrivals increased
Read More...
The Dominican Republic real estate market news is by no means a cause for celebration but it is not all bad news or gloomy either. Dominican Republic still remains among the most popular investment and second home destinations for United States, Canadian
Read More...
The secretary of Tourism, Francisco Javier Garcia said that the country is receiving major investment projects and real estate builders in search of new opportunities to the international crisis which is affecting mainly to Spain. The official made these
Read More...
MOTAFONGO, Baní. - President Leonel Fernandez yesterday headed the groundbreaking ceremony for the construction of two wind energy parks that’ll generate around 100 megawatts at a cost of nearly 181 million Euros. The company Spanish Inveravante,
Read More...
Santo Domingo. - The Dominican economy is not in recession, though affected by the crisis in the United States and the European Union, said Hacienda minister Vicente Bengoa Thursday. The official said if the country was in an economic recession its Gross
Read More...
Punta Cana.– Punta Cana International Airport, a major tourism gateway on the east coast of the Dominican Republic, will be getting a new, 40-station check-in terminal and baggage system this month as part of a multi-million-dollar improvement program
Read More...
The following is a compilation of different emails that have come across my desk in the last couple of weeks from colleagues. I have taken the time to translate, consolidate and add my opinion. Please take the time to read carefully, if you are considering
Read More...
The Dominican Republic's Tourism Minister, Felix Jim�nez, hosted an extravagant luncheon on the 51st floor of Toronto's Manulife Centre recently to announce US$1 billion in tourism infrastructure investment. From now until 2012, the Dominican
Read More...
Note that this information is outdated. Santo Domingo.– Dominican President Leonel Ferandez announced that businesspersons from the Balearic islands want to invest 3.7 billion Euros into the tourism industry in the next four years. The same group
Read More...
Santo Domingo.– Dominican President Leonel Ferandez announced that businesspersons from the Balearic islands want to invest 3.7 billion Euros into the tourism industry in the next four years. The same group have already invested heavily in the country
Read More...