Santo Domingo.– Lisandro Macarrulla, president of the National Business Council (CONEP), warned that government initiatives aimed at attracting investments are being undermined by some ministries.

According to Macarrulla, when a company decides to create a residential community, it takes two or three years to get the permits needed to start the project.

"CONEP receives several complaints from our associates who are worried because certain state agencies are real obstacles to development," the business leader said.

He also criticized the fact that while the government makes efforts to attract international investment capital, local as well as foreign investors are affected by bureaucratic stumbling blocks which stall the start-up of new projects.