Business & Economy Archives - Page 113 of 221

Steam Fracking in Cuba?

Not long ago, I wrote an article on the alarming possibility that someone in Cuba could decide to implement fracking techniques in Cuba. At the time, I had no idea how quickly these concerns would become more real.

US MasterCard Gets OK for Use in Cuba as of March 1st

Starting on March 1, MasterCard credit and debit cards issued in the United States may be used in Cuba, ending one aspect of the blockade on financial transactions imposed by the US Treasury Department.

Gasoline Prices Drop in Cuba

Cuba lowered the price of gasoline and diesel to consumers this week for the first time since the tailspin of oil prices on the world market in recent months. The regular gasoline price dropped from 1.20 CUC to 1.10 CUC a liter.

The Fading Power of the Embargo and Other Demons

Everything seems to indicate that the US embargo on Cuba has lost its footing. The efforts of those who believed that an improvement in relations with the United States would bring about a better Cuba have proven victorious.

Obama Policy Change on Cuba Proving Popular

Sixty-three percent of the US population supports the decision by President Barack Obama to restore diplomatic relations with Cuba, after half a century of rupture. Sixty-six perccent also favor the lifting of the trade embargo on the island.

Cuba Issues New Bills in Preparation for Monetary Unification

This Cuban government announced Wednesday that it would issue 200, 500 and 1,000-peso (CUP) notes and that these would be put into circulation on February 1 this year in preparation for the country’s imminent monetary unification process.

US Gov. Answers Questions on Cuba Travel and Doing Business

The US Treasury Department has just published a list of questions and answers to help US citizens and Cubans understand the changes in policy towards the island announced today that loosens travel restrictions and softens aspects of the embargo.

USA Relaxes Travel Ban on Cuba and Aspects of the Embargo

The Obama administration announced Thursday that it will open up travel for individual US citizens to Cuba and relax aspects of the embargo on the island nation including the lifting of some restrictions on trade and investment,

Santiago de Cuba Port Expansion Begins

Work on a new multipurpose terminal at the Guillermón Moncada Port in Santiago de Cuba began Tuesday (Jan. 13), when Chinese and Cuban construction specialists surveyed 10 hectares west of the site.

Cuban Professionals to Benefit from New Canadian Skilled Worker Program

This past January 1, a special program offering “express entry” to qualified individuals wishing to become permanent residents of Canada came into effect, affording new opportunities to Cuban professionals interested in options outside the island.