Entries by Steffi Fondeur

DR projected to have highest regional economic growth

An economic report shows that the Dominican Republic leads the region in growth with 6%. This is in contrast to the forecast overall decline in growth for the Caribbean region at -0.3% Gross Domestic Product (GDP). The DR’s 6% growth is followed by Panama (5.9%), Nicaragua and Bolivia (4.5%), and Costa Rica (4.3%). In addition, […]

Fundéu Guzmán Ariza begins operations in the Dominican Republic

Fundéu Guzmán Ariza began its operations on July 19 with an opening ceremony held at the JW Marriot Hotel in Santo Domingo. Fabio J. Guzmán Ariza, president of Fundéu Guzmán Ariza, announced that the institution will issue recommendations about proper Spanish usage to the Dominican media and the general public. These recommendations will be taken […]

New record tourist arrivals for half year

The Central Bank reports that 3,043,154 tourists visited in the first half of 2016. The non-resident foreigners and Dominicans were 184,391 more than arrivals from January-June 2015, for a 6.5% increase. Of the total, 78.9% were foreign tourists (145,408 passengers) and 21.1% were visiting Dominican residents abroad (38.983 pax). Most tourists come from the United […]

Guzmán Ariza launches book in La Altagracia

Guzmán Ariza law firm and the Dominican Bar Association presented in Higüey, La Altagracia, the book Repertorio de la jurisprudencia civil, comercial e inmobiliaria de la República Dominicana (2001-2014), written by managing partner Fabio J. Guzmán Ariza. The presentation was held at the event hall of the La Altagracia Chamber of Commerce with the presence […]

Ministry of Energy and Mines approves concessions

The Ministry of Energy and Mines reported that 44 permits have been issued between May 2015 and June 2016 for the exploration for both metallic and nonmetallic minerals. During the same period, the Ministry also published seven protocols and regulations to establish clear rules for the mining sector. Minister of Energy and Mines, Antonio Isa […]

DR: one of the best options to move to

Live and Invest Overseas recommended the Dominican Republic as one of the five best places to move to, especifically in the beach town of Las Terrenas located at the northeast coast of the country. The rating described Las Terrenas as a beach town with “European feel”, since French, German, Polish, Swiss, Italian, Dutch and British […]

NatureBank to invest over $11 million in sustainable cocoa development in the DR

NatureBank Asset Management signed a non-binding MOU agreement with Anholt Services (USA) for the development and ongoing management of cocoa projects in the Dominican Republic through its fully owned German-based subsidiary, ForestFinest Consulting GmbH. During a one-year period, highly productive projects of growing fine and flavor cocoa will be developed to meet the growing demand […]

New York Times Quotes Guzmán Ariza

The New York Times recently quoted the opinion of Alfredo Guzmán-Saladín, partner at the Guzmán Ariza Law Firm, in an article about the real estate market in the Dominican Republic published in the International Real Estate section on May 11, 2016. The article referred to the most important factors to be considered when buying property in […]

Fundéu to open in July in the Dominican Republic

The Fundación del Español Urgente (Fundéu) will open in July in the Dominican Republic after reaching an agreement with the Guzmán Ariza Foundation Pro Dominican Academy of Letters signed in Madrid. “Fundéu GA” aims to promote the correct use of the Spanish language in Dominican media. Fabio Guzman Ariza, president of the Guzmán Ariza Foundation […]

New free zones to be established in the DR

The Ministry of Industry and Commerce announced that they had approved permits for 15 new companies that applied to set up operations in the duty free manufacturing zones. They have also signed contracts to develop and open three new free zone parks. These new companies will invest around RD$1.35 billion and create 1,766 direct jobs […]