Cubasol
Grupo Hotelero Islazul
Instituto Hondureño de Turismo
MAD-HAV Enjoy Travel Group
AVA Resorts
Barceló Solymar
blackanddecker
CUN-HAV Enjoy Travel Group
Intecap
Nestle
INOR
Walmart
Tigo
Agexport
Servicios Médicos Cubanos
Realidad Turística
Cervecería Centroamericana S.A.
Herbalife
Los Portales
Irtra
Centro Nacional de Cirugía de Mínimo Acceso de Cuba

Dominican Free Zones Pique Turkish, Korean Investors’ Interest

Date:

Share:

Nestle
blackanddecker
Cervecería Centroamericana S.A.
AVA Resorts
Grupo Hotelero Islazul
Instituto Hondureño de Turismo
Irtra
INOR
Los Portales
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Herbalife
Servicios Médicos Cubanos
Realidad Turística
Intecap

According to Ulises Rodríguez, Director of the Center for Industrial Development and Competitiveness (Proindustria), the Dominican free zone parks arouse the interest of Turkish and Korean investors, among other nationalities, to install their multinational assembly and production companies in the country, thanks to the renovation and reopening spaces that were closed.

The Center for Development and Industrial Competitiveness (Proindustria) has 264 new requests from international delegations to settle.

The sector recovered and exceeded the levels of employment prior to the pandemic and from Proindustria, they estimate that in the first quarter of 2023 the leading employment in the Dominican Republic focused on industry.

Last Thursday, the Central Bank increased its monetary policy interest rate by 75 basis points, from 6.50% to 7.25%, in the sixth consecutive increase. The measure seeks to counteract inflationary pressures, which will generate a moderation in the growth of monetary aggregates.

Economists Miguel Collado and Antonio Ciriaco Cruz considered yesterday that the sixth increase in interest rates ordered by the Central Bank would impact domestic credit and economic activity.

Ciriaco Cruz, vice dean of the Faculty of Economic and Social Sciences of the Autonomous University of Santo Domingo (UASD), considered that the Central Bank is overreacting with respect to the interest rate increases because it can provoke a slight recession in the country.

He said that the increase in interest rates decreases the credit of the private sector, the investment, and the consumption of individuals and households, thus reducing the economy’s growth capacity.

He maintained that there is a risk that the recovery of employment that has taken place could slow down, and this could paralyze the creation of sources of employment.

He explained that the Central Bank is applying policies to a problem whose solution is not monetary but in the supply chain, the stability of oil prices and greater supply of agricultural raw materials.

Meanwhile, Collado said that loans are becoming more expensive due to the rate increase in the financial system and the yields of bond issues.

He said that restricting credit restricts the money supply, limiting the exchange rate increase and the rise in prices. So what the measure seeks to do is to reduce the money supply in the economy. (https://dominicantoday.com/dr/economy/2022/07/02/)

Servicios Médicos Cubanos
AVA Resorts
Walmart
Intecap
Realidad Turística
Instituto Hondureño de Turismo
Nestle
MAD-HAV Enjoy Travel Group
Herbalife
Agexport
Los Portales
INOR
Cubasol
Barceló Solymar
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Irtra
CUN-HAV Enjoy Travel Group
Grupo Hotelero Islazul
Tigo
blackanddecker
Cervecería Centroamericana S.A.
Barcelo Guatemala City
Havanatur
Irtra
Henkel Latinoamerica
Hotel Holiday Inn Guatemala
Intecap
Hotel Barcelo Solymar
Cubacel
Maggi - GLUTEN-FREE
Tigo
Revista Colombiana de Turismo Passport
AirEuropa

Subscribe to our magazine

━ more like this

Pole Dancing in Israel: A New Dimension with BlueDance.co.il

In recent years, pole dancing has experienced a remarkable transformation, shifting from a misunderstood niche to a popular activity combining fitness, self-expression, and empowerment....

A New Luxury Hotel Just Opened on An Idyllic Beach in Cancun, Mexico — And We Were the First to Stay

Waldorf Astoria Cancun opened to the public on Nov. 1, the brand's first new build in Mexico, with two waterfront pools and a fantastic...

Pan American Health Organization Launches Interactive Dashboard on Avian Influenza in The Americas

To monitor cases of avian influenza A (H5N1) in the Americas, the Pan American Health Organization (PAHO) launched an interactive dashboard on the web...

This North East African Country Welcomes Over 15.7 Million Tourists Last Year and An Addition 40,000 New Hotel Rooms are in Pipeline

Estimated reading time: 3 minutes In a year marked by global uncertainties and regional geopolitical challenges, Egypt’s tourism sector achieved an impressive milestone, welcoming a...

Nicaragua Presents Its New Interoceanic Canal Route to China and Seeks to Compete with Panama

Estimated reading time: 8 minutes With a length of 445 kilometers, in a second attempt, the Nicaraguan president, Daniel Ortega, presents China with a new...
Irtra
Intecap
AirEuropa
Maggi - GLUTEN-FREE
Henkel Latinoamerica
Barcelo Guatemala City
Cubacel
Hotel Holiday Inn Guatemala
Hotel Barcelo Solymar
Revista Colombiana de Turismo Passport
Havanatur

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Realidad Turística
AVA Resorts
Nestle
Intecap
Agexport
MAD-HAV Enjoy Travel Group
Los Portales
Cubasol
Cervecería Centroamericana S.A.
Tigo
Grupo Hotelero Islazul
Herbalife
Walmart
Irtra
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Barceló Solymar
blackanddecker
Servicios Médicos Cubanos
Instituto Hondureño de Turismo
INOR