Business & Economy

Panama to Auction Seized Cuban Sugar

The Public Ministry of Panama plans to auction off ten thousand tons of Cuban sugar under which an undeclared Cuban arsenal carried by a North Korean ship was seized last July trying to pass through the Panama Canal.

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EU Seeks Better Relations with Cuba

The European Union (EU) will look to strengthen relations with Cuba, said a senior official referring to the document expected to be approved next week by the foreign ministers in Brussels, reported dpa news.

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The Future of Cuban Oil Prospecting

Cuba has just announced it will drill the deepest oil well of its prospecting history. The planned 8,200-meter-deep well planned west of Matanzas speaks to the extensive technical capacity of current prospecting efforts on the island.

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British Co. Invests in Cuban Coffee Market

A former British MP and Treasury Minister has made a deal to invest in Cuban coffee farming, reports the Telegraph on Thursday. Businessman Phillip Oppenheim will invest some US $4 million over five years in a coffee growing community in southeastern Cuba.

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