Business & Economy

Windows XP Refuses to Go in Cuba

Though Microsoft has been announcing for months that it will cease to offer technical support for its Windows XP Operating System (OS) on April 8, Cuban computers continue to regard the announcements of the multi-million software company incredulously.

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Cuba: Why a Foreign Investment Law and not an Investment Law?

Because of the style of parliamentary debate in Cuba, it is impossible to know if any of the more than 600 deputies present at the National Assembly asked: “Why a Foreign Investment Law and not an Investment Law?” It is difficult to understand why, in the midst of a process of change that has vindicated entrepreneurial economic activity on the island.

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Ecuador Reopens Door to Cubans

A year after establishing strict regulations applicable to Cubans wishing to travel to Ecuador, Rafael Correa’s government has decided to eliminate the letter of invitation hitherto required of visitors from the island. The move could drastically increase arrivals.

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Cuba and Vietnam Expand Relations

The presidents of Cuba and Vietnam agreed in Havana to several actions to strengthen partnerships between the two countries , following the visit of a high-level Vietnamese delegation to the island from 26 to 28 March, reported Granma daily.

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Cuba Has Its New Foreign Investment Law

Cuba’s parliament unanimously approved the new law to attract more foreign investment to the Caribbean island. The legislation will open the economy to foreign capital in nearly “all sectors” and takes effect in 90 days.

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Cuba Opens Wide to Foreign Investment

A briefing to journalists by Cuban government officials on the proposed changes to the Foreign Investment Law was held Tuesday at the National Assembly building, where the bill will be brought up for approval on Saturday (March 29).

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Cuba: Foreign Capital to the Rescue

An extraordinary assembly of the Cuban parliament aimed at discussing a new foreign investment law has been officially announced for the close of this month. The better part of the legislation sustaining Cuba’s reform process is made up of presidential decrees.

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Venezuela Devaluates its Currency

The Venezuelan government put in practice today a new currency exchange rate that represents significant de-facto devaluation; the largest in history, analysts told dpa news. The rate was pegged at 51.86 Bolivars to the US dollar.

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