Dominican Rep. Vandalism Affects Investment Climate

The recent attacks disguised as "legal" occupations that have been reported in private companies undermine the country's image and economic growth.

Wednesday, April 22, 2015

The Coca-Cola bottling company in the Dominican Republic, Bepensa, is the latest company to report an attack which resulted in property damage and losses in production. This type of vandalism "... is making private companies uneasy via occupations and executions of eviction without legal protection."

The president of the Association of Industrial Enterprises in Herrera and Santo Domingo Province (AEIH), Antonio Guzman Taveras told Eldia.com.do that "... These types of acts, that are carried out frequently against private property, especially in the eastern region of the country where the hotel industry has been a frequent victim, threaten all legal values, citizen security and foreign investment, encouraging gangsterism and vandalism. "

"... In a country that seeks to be competitive, conquer markets and attract capital for sustainable growth of the economy, these events caused by unscrupulous mobs are very harmful and pose a high reputational risk to the Dominican Republic as a society and market. "



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Another Tax to Pay: Extortion

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In El Salvador, where the cost of insecurity is equivalent to 12% of GDP, extortion is the main obstacle to economic development.

Crime affecting the country stops economic development and investment, according to the technical secretary of the Presidency, Alex Segovia.

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