Business & Economy Archives - Page 116 of 213

Cuba: From Capitalism’s Planned Obsolescence to Socialism’s “Contrived Obstacle”

The “contrived obstacle” is a category of the communist project undertaken by socialism, Here, I will attempt to analyze this aberrant practice.

Cuba Immigration and Customs Policy Changes under Consideration

The Cuban government is considering lowering to three years the period of prohibition of entry to the country after an act of illegal immigration and plans to expand the amount of currency that travelers can carry upon entry without formally declaring it.

Cuba and Sherritt of Canada Sign Deal to Increase Oil Production

The Canadian company Sherritt announced Monday the signing of a new contract with Cuban authorities for joint venture drilling and gas production for 10 years, extendable to 2028. The company’s executives have suffered reprisals from Washington for its economic relationship with Cuba, including being denied entry to the USA.

Cuba’s Phone Co. Sings the Blues

The socialist state telephone company, ETECSA, complains about the competition from individuals “using the Internet as an alternative route” to supplant “the role that corresponds to the company” and “International Telephone Companies” bringing “heavy financial losses.”

US Business Lobby Calls for Trade with Cuba

“Cuba is changing some of its economic policies and the private sector is evidently growing,” said US Chamber of Commerce President, Thomas Donahue, during his speech at the University of Havana, in which he condemned the economic embargo Washington has been imposing on Havana for more than fifty years.

Cuban Customs Warns Tourists and Nationals on Gifts and Packages

The Cuban Customs office issued a statement today warning travelers to the island of a crackdown on the carrying of packages for third parties. The measure especially affects Cuban-Americans who routinely carry parcels from friends and neighbors when traveling to the island.

US Executives Tour Cuban Auto Repair Co-op

Thomas J. Donohue, president of the U.S. Chamber of Commerce, on Wednesday visited an automotive repair cooperative in Havana, where he maintained a “fluid” chat with the workers. “Donohue was interested in the ‘before and after’ of this enterprise […] about how workers are hired and protected,” said Marcelo González, manager of the Vehicle Reconstruction Cooperative in the Cerro municipality of Havana.

Cuba Hosts High Level Delegation of US Business Execs

A delegation from the U.S. Chamber of Commerce arrived Tuesday afternoon in Havana, led by its chief executive officer, Thomas J. Donohue; Steve Van Andel, chairman of the Chamber’s board of directors and president of the Amway corporation; and Marcel Smits, executive vice president and financial director of the Cargill corporation.

Cuba Eyes South Korea for Investment

Cuba’s deputy trade minister was set to arrive in Seoul on Monday (May 26), becoming the highest ranking official from the island to visit South Korea since the countries’ diplomatic ties were severed in 1959.

Russian Oil Giant to Train Cubans

The Russian oil giant Rosneft and the Cuban oil company CUPET on Saturday signed a memorandum of cooperation that will enable Cuban oil technicians to study in Russia. President Vladimir Putín praised the plan.