Dominican Real Estate Listings - Dominican Republic Real Estate
Santo Domingo.– In the Dominican Republic, a country of 9.5 million inhabitants, there are almost the same amount of telephone numbers in use, said Dominican Telecomm Institute (Indotel) director Jose Rafael Vargas.
According to Vargas, the Dominican Republic is ending 2009 with a teledensity of 97%, and is expected to reach 100% in February 2010.
Indotel statistics show there are 963,265 fixed lines (9.9%) and 8,449,283 mobile phones in use (86.7%), which adds up to 9,412,548 (96.6%) lines in a country with a population estimated at 9,742,374 inhabitants.
“Even though we are far from being a society of knowledge, at least we have reached telephone teledensity and we are moving forward on wide access to the Internet,” Vargas pointed out.
Due to a strong correlation between the private credit and the GDP growth, the Dominican economy has experienced an important recovery, mainly in 2009’s second quarter, according to the report.
The Central Bank pointed out that the growth has become one of the highest growth rates in Latin America this year and has been progressively larger: 1% in the first quarter, 1.8% in the second quarter, 3.4% in the third, with an overall 2.1% for the first three-quarters.
The entity also said the international reserves will close at record highs, the current account in the balance of payments will have an improvement in its deficit of 4.5% of GSP, lower than the 9.7 of 2008 by 5.2%.
Such achievements, the Central Bank stated, will be reached without risking the goals of keeping inflation in check –the major goal of the monetary policy–, which will help keep the relative stability in the exchange rate for 2010.
Santo Domingo.–The Dominican government is reneging on an agreement to pay private generators around US$200 million owed for energy, as agreed with the World Bank (WB).
A reliable source in the industry revealed today that despite the pledge by State-owned power companies (CDEEE) director Celso Marranzini that the payment would materialize by yearend, Treasure minister Vicente Bengoa is blocking the disbursement.
“This situation is occurring despite the fact that we are generating at full capacity and preventing the blackouts during the holidays,” the source added.
In a related development the State-owned hydreoelectrics (EGEHID) today listed the companies which owe for their turbine power: Distribuidora de Electricidad del Este (EDEESTE), RD$774,010,932; Distribuidora de Electricidad del Norte (EDENORTE), RD$1,151.9 million; Distribuidora de Electricidad del Sur (EDESUR), RD$249.7 million; and Corporacion Dominicana de Empresas Electricas Estatales (CDEEE), RD$1,551.9 million, among others.
Squashed project resurfaces
In another unexpected development, EGEHID listed among its 2010 goals the construction of the ambitious hydroelectric project Manabao-Bejucal-Tavera, which when inicially announced during the Hipolito Mejia presidency (2000 – 2004) caused the entire Jarabacoa town to stage a strike for two days to oppose it.
The project would have diverted the North Yaque river away from Jarabacoa.
Members from the Chamber of Commerce and Production of Santiago expect that 2010 will see a change in the economic model that will allow to successfully overcome great financial challenges.
On the other hand, the National Commercial Businesses Organization (ONEC) chief Pedro Perez said the best thing for the State is to look at 2010 from an economic perspective as a whole and not as two halves, so it can guarantee stability and avoid postponing the solution of the country’s deep problems such as corruption and deficits accumulated over decades in health and education.
Santo Domingo.– A 4.3 degree tremor on the Richter scale shook the Southeast region Saturday morning, when residents of the towns La Romana, El Seybo and San Pedro de Macoris said they felt it.
According to experts from the State University UASD Seismological Institute, so far there are no reports of damages from the 10:56 a.m. quake.
The tremor of depth 90 km had its epicenter located at 13 km from La Romana, 27 km from El Seybo, 28 km from Consuelo and 96 km from Santo Domingo.
New York.– Jose Paulino, a 29-year-old native of the Dominican Republic, celebrated Christmas in a hospital bed after an eight-story fall that left him with 4 broken ribs.
The construction worker was helping dismantle scaffolding Thursday at a 20-story building in Manhattan. Suddenly, a plank off the 16th floor snapped under his feet. He felt himself falling and said he thought he’d die. Instead, he landed with a thud –on scaffolding off the eighth floor.
The Bronx resident is recovering at St. Vincent’s Hospital. He also hurt his neck, shoulder and leg. Visitors include his wife and two young children. Some brought the worker’s favorite comfort food: sancocho, a meat-potato-and-plaintain stew.
Santo Domingo.– In the Dominican Republic, a country of 9.5 million inhabitants, there are almost the same amount of telephone numbers in use, said Dominican Telecomm Institute (Indotel) director Jose Rafael Vargas.
According to Vargas, the Dominican Republic is ending 2009 with a teledensity of 97%, and is expected to reach 100% in February 2010.
Indotel statistics show there are 963,265 fixed lines (9.9%) and 8,449,283 mobile phones in use (86.7%), which adds up to 9,412,548 (96.6%) lines in a country with a population estimated at 9,742,374 inhabitants.
“Even though we are far from being a society of knowledge, at least we have reached telephone teledensity and we are moving forward on wide access to the Internet,” Vargas pointed out.
Due to a strong correlation between the private credit and the GDP growth, the Dominican economy has experienced an important recovery, mainly in 2009’s second quarter, according to the report.
The Central Bank pointed out that the growth has become one of the highest growth rates in Latin America this year and has been progressively larger: 1% in the first quarter, 1.8% in the second quarter, 3.4% in the third, with an overall 2.1% for the first three-quarters.
The entity also said the international reserves will close at record highs, the current account in the balance of payments will have an improvement in its deficit of 4.5% of GSP, lower than the 9.7 of 2008 by 5.2%.
Such achievements, the Central Bank stated, will be reached without risking the goals of keeping inflation in check –the major goal of the monetary policy–, which will help keep the relative stability in the exchange rate for 2010.
Santo Domingo.–The Dominican government is reneging on an agreement to pay private generators around US$200 million owed for energy, as agreed with the World Bank (WB).
A reliable source in the industry revealed today that despite the pledge by State-owned power companies (CDEEE) director Celso Marranzini that the payment would materialize by yearend, Treasure minister Vicente Bengoa is blocking the disbursement.
“This situation is occurring despite the fact that we are generating at full capacity and preventing the blackouts during the holidays,” the source added.
In a related development the State-owned hydreoelectrics (EGEHID) today listed the companies which owe for their turbine power: Distribuidora de Electricidad del Este (EDEESTE), RD$774,010,932; Distribuidora de Electricidad del Norte (EDENORTE), RD$1,151.9 million; Distribuidora de Electricidad del Sur (EDESUR), RD$249.7 million; and Corporacion Dominicana de Empresas Electricas Estatales (CDEEE), RD$1,551.9 million, among others.
Squashed project resurfaces
In another unexpected development, EGEHID listed among its 2010 goals the construction of the ambitious hydroelectric project Manabao-Bejucal-Tavera, which when inicially announced during the Hipolito Mejia presidency (2000 – 2004) caused the entire Jarabacoa town to stage a strike for two days to oppose it.
The project would have diverted the North Yaque river away from Jarabacoa.
Members from the Chamber of Commerce and Production of Santiago expect that 2010 will see a change in the economic model that will allow to successfully overcome great financial challenges.
On the other hand, the National Commercial Businesses Organization (ONEC) chief Pedro Perez said the best thing for the State is to look at 2010 from an economic perspective as a whole and not as two halves, so it can guarantee stability and avoid postponing the solution of the country’s deep problems such as corruption and deficits accumulated over decades in health and education.
