NewsWhore
09-27-2006, 06:40 PM
The Dominican Republic has become slightly more competitive, according to the "Global Competitiveness Report 2006-2007" published by the World Economic Forum. The nation progressed from the 91st spot to the 83rd position. Unfortunately for the Dominican Republic, three members of the proposed DR-CAFTA agreement are far ahead in the rankings. Costa Rica is listed in 53rd place, El Salvador is in the 61st spot and Guatemala, previously below the DR in the 95th spot, improved its ranking by twenty points and is currently in the 55th spot. Only Honduras (93) and Nicaragua (95) are ranked lower among the DR-CAFTA nations. This information comes at a time when the national media has been reporting a number of difficulties in doing business in the DR. Previous reports of fast-tracking the registry of commercial entities was torpedoed last week when Diario Libre published a report by Maria Isabel Soldevila that established the requirements needed to set up a business one by one, with time and costs. The conclusion was that it takes more than a month and over US$3,000 to set up a small business in the DR.
See http://dr1.com/news/2006/092706_WEF.pdf
More... (http://www.dr1.com/index.html#1)
See http://dr1.com/news/2006/092706_WEF.pdf
More... (http://www.dr1.com/index.html#1)