Warnings about the economic effects of a new monetary policy rate hike; real estate developer feels cheated by a tenant; Dominican economy grew 5.8% in February; Infotep awards certificates to 596 new technicians in the areas of tourism, hospitality, and construction; tourism sector talent sought for the 2022 Qatar World Cup; the detained yacht magnate faced legal troubles and was imprisoned in Moscow; ADP raises demands beyond salary, stating the situation is dramatic; the Russian invasion damaged 53 cultural sites in Ukraine; Ukraine accuses Russia of a massacre; city filled with corpses
They warn about the economic effects of a new increase in the monetary policy rate
Economists believe the Central Bank's decision to raise its monetary policy interest rate again, this time by 50 basis points, from 5.00% to 5.50% annually, will have a significant impact on the country's economic activity. Meanwhile, the Dominican Republic's Association of Multiple Banks (ABA) has already indicated that this increase "will definitely have a ripple effect on bank rates," such as those for new loans
businessmanfeels scammed by a tenant
Businessman Fernando Núñez Ávila decided to enter the real estate business, renting commercial spaces, hoping to achieve financial stability that would allow him to secure his retirement plan. After 35 years in the business in the eastern region, he feels cheated by a tenant to whom he rented three commercial spaces where he set up a hardware store. The tenant vacated the premises after Núñez Ávila served him with an eviction notice, but left behind a debt of $171,300 in unpaid rent.
The Dominican economy grew 5.8% in February
The Dominican economy performed well last February, with the Monthly Index of Economic Activity (IMAE) expanding by 5.8%. This is 0.5 percentage points lower than the 6.3% recorded in January, but remains within projections. This increase is positive, given that the Central Bank of the Dominican Republic's monetary program projects growth of around 5.5%-6.0% in 2022, close to its potential. It has also been emphasized that the military conflict between Russia and Ukraine has significantly increased uncertainty in the international environment due to its impact on global economic conditions. This includes trade flows and rising oil and other commodity prices, which could affect growth prospects for 2022.
InFotep, certificates are awarded to 596 new technicians in the areas of tourism, hospitality and construction
In an effort to boost the Southern Region Tourism Development Plan, the National Institute of Technical and Professional Training (Infotep) delivered 596 certificates out of a total of 20,619 participants who completed their training in 2021, in the areas of hotel management, tourism and construction.
They are looking for talent from the tourism sector for the Qatar 2022 World Cup
With the aim of hiring workers in the tourism sector for the Qatar 2022 World Cup , a recruitment company in the hotel, restaurant and cruise industry , with a presence in the Middle East, Asia, Africa and Latin America, opened a call for applications for those interested in the Dominican Republic.
The tycoon whose yacht was seized had legal problems and was imprisoned in Moscow
The owner of the luxury yacht “Flying Fox”, Dmitry Kamenshchik, was arrested by Russian authorities in 2016 during investigations linked to an explosion at the airport he manages in Moscow.
Following the incident that originally occurred in January 2011, then Russian Prime Minister Vladimir Putin (2008-2012) told the press that the crime at Domodedovo Airport, presided over by Kamenshchik, was "abominable" and vowed revenge for the loss of the 37 people who died during the terrorist attack, according to Reuters.
ADP makes demands beyond wages; says situation is dramatic
The Dominican Teachers Association (ADP) insists that its current struggle is not only about salaries, but also about a series of demands in response to the dramatic situation schools are facing due to a lack of planning and prioritization of spending. These demands are also included in the agreement signed on June 30, 2021, with the Ministry of Education. Eduardo Hidalgo, president of the ADP, along with Julio Canelo, general secretary, and Primitiva Medina, second vice president of the union, raised these issues during a visit to Bienvenido Álvarez Vega, director of the newspaper HOY.
The Russian invasion damaged 53 cultural sites in Ukraine
The Russian invasion of Ukraine has damaged 53 cultural sites since it began on February 24, a UNESCO spokesperson said, clarifying that the list “is not exhaustive.” “Ukrainian authorities report the damage, which is then verified by our satellite imagery and by actors on the ground,” the spokesperson for the UN agency for cultural heritage explained.
Ukraine accuses Russia of massacre; city filled with corpses
Bodies with their hands bound, gunshot wounds at point-blank range, and signs of torture lay scattered across a town outside Kyiv after Russian soldiers withdrew from the area. Ukrainian authorities accused the forces that departed on Sunday of committing war crimes and leaving behind a “scene straight out of a horror movie.”.
Sources: Listín Diario, Diario Libre, Hoy, El Caribe
