Business & Economy Archives - Page 121 of 206

Cuba Open for Foreign Investment at Mariel

Cuba will open to foreign investment starting Friday at the newly created special economic zone around the port of Mariel, a mega project to try to boost capital inflows to the island.

Cuba’s Joint Venture Companies: Pressing Questions & Needs

In recent months, Venezuela’s political and economic crisis, coupled with the absence of investment capital in Cuba, have given rise to desperate attempts at returning to the days of financial success that characterized the boom of joint venture companies on the island.

Cuba Wins Vote at the UN but…

For the twenty-second consecutive year, the UN General Assembly urged the United States today to lift its more than half century embargo against Cuba. However, the resolution has no mechanism for enforcement or sanctions on the United States if it ignores the call. The vote rejecting the embargo was approved by 188 votes in favor and only two against – United States and Israel, and with the abstention of Micronesia, Palau and the Marshall Islands.

Cuba Visited by UN Investigators on Weapons Found on North Korean Ship

UN Security Council sanctions committee experts were in Havana last week to meet with senior government officials. It is expected that the report on the case of the controversial cargo of 240 tons of Cuban military equipment will be issued in the coming days and sent to the Security Council to assess possible sanctions against Cuba.

Cuba Tests a Cholera Vaccine

Cuban researchers are working to develop a cholera vaccine that is being tested in Cuba and Mozambique. There are two variants to combat the disease developed at the Finlay Institute in Havana. One of them, a “live vaccine strain” is in the testing phase with “good results” in Mozambique and on the island.

Cuba: Beginning of the End of Dual Currency

The Cuban government announced Tuesday its long-awaited reform to abolish the dual currency prevailing in the island since the 90s, but did not set specific dates for concluding the process.

Forum to Discuss Cuban Labor Code Bill

The Cuban Chapter of the Regional Network of Afrodescendants in Latin America and the Caribbean (ARAAC) , and the Critical Observatory Network, will hold a public forum on Friday October 11, to discuss the proposed Labor Code bill.

Cuba Accuses Obama of Tightening the Embargo

Cuba reiterated its accusations that the United States has intensified the economic embargo against the island under President Barack Obama, despite the relaxations in some restrictions he approved since coming to power.

Renting Rooms: One Option for Cubans

When Mauricio Alonso was a nuclear engineer in the 1980s his future seemed bright as Cuba embarked on building its first nuclear power plant with assistance from the Soviet Union. All that changed in the early 90’s with the dissapearance of the Socialist Camp and Alonso came up with another option to resolve his families needs.

Paris-Villa Clara, Cuba Flights Resume

Cubana Airlines will resume starting in November direct weekly flights between Paris and the central Cuban province of Villa Clara, it was announced at the Top Resa Tourism industry event in the French capital. This route started last year and will resume between November 21 and April 27.