Business & Economy

Cuba Privatizes State Taxi Services

This year the Cuban government hopes to convert the drivers of twenty state taxi agencies into self-employed taxi drivers, reports dpa news on Wednesday. The measure will be implemented “gradually” throughout 2014.

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Mexican President to Visit Cuba in January

Mexican President Enrique Peña Nieto will make an official visit to Cuba in late January in his effort towards improved relations with the island and also to attend a summit of the Community of Latin American and Caribbean States (CELAC), reported dpa news.

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Cuba New Car Price List

New car sales begin today in Cuba after a half century of restrictions on the internal market. The CIMEX corporation automotive division posted some initial prices, Cubans with wealthy family members abroad or other alternative income sources are candidates for purchases.

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Rules for New Car Sales in Cuba Take Effect this Friday

The Cuban government said today that the recently announced decision allowing for the open market sale of new cars will take effect as of this Friday, reported dpa news. The new provisions repealing the old restrictions on “the purchase of motor vehicles” was published on Wednesday in the Official Gazette of Cuba.

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Chinese Firm to Assemble Cars in Cuba

A leading Chinese automobile manufacturer will start assembling its vehicles in Cuba. The Hangzhou-based Geely International Corporation is now preparing to launch its project “in a local place” in Cuba, the Global Times reported.

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Varadero Adjusts to Rising Seas

Varadero, Cuba’s leading tourist destination for sun and beaches, loses between 70 centimeters and one meter of coastline each year due to rising sea level, reported the Cuban News Agency.

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