Business & Economy

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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Cuba: self-employment rules modified

A new law governing self-employment has been published in Cuba’s Official Gazette, the daily Granma reported today (Jan. 15). Law No. 315 spells out the punishments to be handed out to individuals who do not observe the regulations set for “non-state activities.”

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