Dominican Embassy in Jamaica holds First Tobacco and Rum Business Forum

The Embassy of the Dominican Republic in Jamaica marked a significant milestone with the First Cigar and Rum Business Forum Dominican Republic -Jamaica, an innovation in commercial diplomacy that provided an unprecedented platform for the benefit of this sector of the national economy, allowing Dominican companies to connect with influential importers and distributors in Jamaica, […]

Investment funds boost employment and economic growth in the Dominican Republic

The Dominican Association of Investment Fund Administrators (ADOSAFI) has highlighted the significant impact of investment funds on the country’s economy and job market. As of June this year, these funds have created 10,515 direct jobs and 19,569 indirect jobs, totaling over 30,000 employment opportunities. This substantial contribution to job creation demonstrates the crucial role of […]

Fuel price in Dominica drops to $13.91 per gallon

The Dominican government has approved a price decrease for gasoline products following a review of prices for the regulatory cycle from November 27 to December 15. Diesel is now $13.41 per gallon, down $0.89 or 6.2 percent, while kerosene is now $11.32 per gallon, down $1.41 or 11 percent. The drop in commodity prices is […]

Dominican Republic and EuroChamber strengthen economic ties with new agreement

The Ministry of Industry, Commerce and MSMEs (MICM) of the Dominican Republic and the EuroChamber of Commerce have signed a Memorandum of Understanding, a significant move to enhance investment, knowledge exchange, and commercial ties between the Dominican Republic and the European Union’s private sector. The agreement, signed by MICM head Víctor Bisonó and EuroChamber President […]

MIREX and AIREN collaborate to boost Dominican Republic’s economic and cultural development

The Ministry of Foreign Affairs (MIREX) of the Dominican Republic and the Association of Industrialists of the Northern Region (AIREN) have entered into a cooperation agreement aimed at bolstering investments and promoting the country’s overall development. This partnership is a strategic move to utilize the Dominican Republic’s strengths in fostering social, economic, and cultural growth. […]

U.S. Embassy in Santo Domingo reports record visa processing and investment in 2023

The United States Embassy in Santo Domingo has announced significant achievements in 2023, marking a year of unprecedented milestones in visa processing and investment in the Dominican Republic. The embassy is set to process 65,000 immigrant visas by the end of the year, the highest number ever recorded in Santo Domingo, reflecting an increase in […]

Massive cocaine seizure hidden in avocado shipment from the Dominican Republic in Spain

Spanish authorities, including the Civil Guard and Customs Surveillance of the Spanish Tax Agency, have confiscated a staggering 530 kilograms of cocaine at the Adolfo Suárez Madrid-Barajas airport. The illicit drugs were concealed within a shipment of avocados originating from the Dominican Republic. The operation took place last Saturday during routine inspections of goods arriving […]

Korea asks Dominican Republic to sign free trade agreement

Ambassador Federico Cuello says that the Barceló brand rum will soon be exported to Asian nations for cocoa and coffee.South Korea continues to be interested in signing a free trade agreement with the Dominican Republic, which would benefit the country since the economies of both countries do not compete but complement each other. The Dominican […]

Dominican Republic commits at COP28 to reduce coal use

At the 2023 United Nations Climate Change Conference, commonly known as Cop28, the Dominican Republic pledged to gradually reduce its reliance on coal for electricity generation. This commitment was highlighted in a Reuters report summarizing the agreements made by countries participating in the conference. A significant part of the discussion focused on coal usage. France […]

President Abinader announces significant reduction in poverty and employment growth

President Luis Abinader of the Dominican Republic announced a notable decrease in the country’s poverty rate, marking a 23.4% reduction from April to June 2023, reaching the lowest level since 2016. This significant development aligns with his administration’s economic policies and initiatives. On salary increases, President Abinader highlighted that his administration has implemented two minimum […]

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