President leads the delivery of 1,507 property titles in Azua; oil barrel closes at US$115.68 due to the war in Europe; fuel prices rise between 4 and 6 pesos by order of the Ministry of Industry and Commerce; government will absorb the oil price increase; the Dominican Republic would stop receiving more than 50,000 Russian tourists monthly; women in commerce have received the majority of loans granted by the government during the pandemic; price increases continue in markets and supermarkets; FAO: global food prices increased 3.9% in February; meteorology forecasts a rainy weekend due to a trough; on Monday, coercion will be heard against 38 defendants in Operation Discovery; the measures the government will adopt with Ukrainians stranded in the country; more than 1.2 million Ukrainian refugees due to the Russian invasion; the first humanitarian flight takes off with Ukrainians stranded in the country.
President leads the delivery of 1,507 property titles in Azua
At a large event in this province, President Luis Abinader presided over the distribution of 1,507 property titles, benefiting the same number of families. These titles, for plots of land, lots, and homes, will benefit 6,028 people in Project 2-C and Puerto Viejo Los Negros, representing a savings of 120,560,000 pesos.
barrelcloses at US$115.68 due to the war in Europe
The price of West Texas Intermediate (WTI) crude oil closed Friday with a 7.4% increase, reaching $115.68 per barrel, pressured by escalating tensions in the war in Ukraine. According to data at the close of trading on the New York Mercantile Exchange (Nymex), WTI for April delivery rose $8.01 compared to the previous close.
Fuel prices rise between 4 and 6 pesos by order of Industry and Commerce
The Dominican government announced yesterday afternoon fuel price increases for the week of March 5-11. The announcement revealed that premium gasoline will increase by 6 pesos per gallon, and regular gasoline by approximately 4 pesos per gallon.
The government will absorb the oil price increase
President Luis Abinader announced yesterday that the government will not pass on fuel price increases to the public, at a time when West Texas Intermediate (WTI) crude oil, the benchmark for the Dominican Republic, surpassed $115 per barrel. The president also announced that next week he will present a plan or proposal to address the rising fuel costs.
The Dominican Republic would stop receiving more than 50,000 Russian tourists per month
The Dominican Republic is facing a nearly 10% drop in tourist arrivals due to tensions between Russia and Ukraine that have led to armed clashes. According to Rafael Blanco Tejera, president of the National Association of Hotels and Tourism (Asonahores), Russia provided approximately 50,000 tourists per month.
Women in commerce have received the majority of government-backed loans during the pandemic
Women and the retail sector received more than 60% of the loans granted by the Government through the Promotion and Support Program for Micro, Small and Medium Enterprises (Promipyme) in 2021. This information is contained in the entity's institutional report for last year
Prices continue to rise in markets and supermarkets; FAO: global food prices increased by 3.9% in February
Rising food prices have been a hot topic in recent months. This situation isn't just a problem for consumers, but also for business owners and vendors. It's a process: vendors buy at a certain price and mark it up slightly to make a profit. But many believe that the price increases have negatively impacted both their finances and their customer base. The Food and Agriculture Organization of the United Nations (FAO) Global Food Price Index reached a new record high in February, averaging 140.7 points, a 3.9% increase compared to January and a 24.1% increase compared to a year ago.
Meteorology forecasts a rainy weekend due to a trough
The National Meteorological Office (Onamet) forecasts that, due to a trough located over the eastern portion of the country, heavy rains are expected this weekend. The rainfall will be moderate to heavy in some areas, with thunderstorms and gusty winds in the northern, northeastern, and southeastern regions, including Greater Santo Domingo and the Central Mountain Range.
On Monday, a hearing will be held regarding coercion against 38 defendants in Operation Discovery
The pretrial detention measures against the 38 individuals implicated in Operation Discovery will be announced next Monday . The Permanent Attention Services Office of the Santiago judicial district has scheduled a hearing for 9:00 a.m., at which the Public Prosecutor's Office will request 18 months of pretrial detention for the defendants and that the case be declared complex.
The measures the government will take regarding Ukrainians stranded in the country
The Dominican government announced a series of measures guaranteeing lodging, food, local and international transportation, and telecommunications for Ukrainians stranded in the country due to the armed conflict in their nation. During a meeting held yesterday, Friday, the Tourism Cabinet established concrete, short-term actions to manage the situation of Ukrainian residents who were traveling to the Dominican Republic as tourists when the armed conflict began in their country.
More than 1.2 million Ukrainian refugees due to the Russian invasion
More than 1.2 million people have fled Ukraine since the start of the Russian invasion on February 24, according to the latest UN figures released Friday. Ukraine borders seven countries: Russia to the north and east, Belarus to the north, Poland and Slovakia to the west, and Romania, Hungary, and Moldova to the southwest.
The first humanitarian flight takes off with Ukrainians stranded in the country
The first humanitarian flight carrying Ukrainian tourists stranded in the country following the war in Ukraine caused by the Russian invasion took off Friday night. According to preliminary reports, the flight departed from Punta Cana International Airport; the number of Ukrainians on board is currently unknown.
