Business & Economy

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.

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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.

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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.

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Cuba Offers One-Year Visas to Foreigners who Buy or Lease Real Estate

At a time when Cuba is promoting projects that will boost tourism, the government on Wednesday (May 21) established a “temporary residence” visa for foreigners who buy or lease real estate on the island. During their stay in Cuba, these foreigners “may carry out activities related to tourism and business duly authorized by the existing legislation.”

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Cuba’s Cooperatives “Without Papers”

While hundreds of new non-agricultural cooperatives struggle to get started or sustain themselves, a growing group of private workers are partnering on a voluntary basis and operating as de-facto cooperatives ‘without papers.’

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Passport Service in Cuba Reestablished

Starting today Cubans can once again apply for passports and identity cards as the system failure has been repaired, informed the Ministry of Interior. It was a week that the service was unavailable. The good news comes as many travelers prepare for trips during the upcoming summer season.

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Cuba Suspends Issuance of Passports Due to System Overload

If you are in a hurry to renew your passport or identity card in Cuba take a deep breath. The Cuban government unexpectedly announced Wednesday the temporary suspension of the issuance of identity cards and passports claiming “technological difficulties” because of “electrical problems” according to the Ministry of Interior’s ID and Immigration office.

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Havana Marathon 2014: More US Citizens Expected

The highly popular Havana Marathon is still six months away but a larger than ever US presence is expected this year with the issuing of an amateur sports license by the Obama administration to the New York based Insight Cuba travel group to sell tickets for participation in the event.

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