Business & Economy Archives - Page 121 of 195

‘Washed-up’ Drugs Impounded by Cuba

Cuban authorities succeeded in confiscating more than three tons of drugs in 2012, mostly marijuana that washed ashore, according to figures released today in the official Granma newspaper, reported DPA news.

Cuba and Finland Resume Cooperation

Representatives of the governments of Cuba and Finland signed an agreement in Havana on Tuesday to resume bilateral cooperation. Finland suspended cooperation with Cuba in 2003 to comply with the sanctions imposed on the island by the European Union following the imprisonment of 75 dissidents.

Preparations Underway for Trade Expo in Varadero

According to the organizers, the event will promote Cuban exports and identify opportunities for local and regional joint ventures, highlighting those sectors involved in food, textiles, construction, technology and services.

Trial over Cancellation of Cuban Music Festival Begins

The festival was scheduled for April 9, 2011 at the Homestead Speedway racetrack, but it was canceled by the facility’s owners, who claimed that information was withheld from them. The organizers denied their arguments and have filed for damages of a million dollars.

Raul Castro Inspects Areas Hit by Hurricane Sandy

Cuban President Raul Castro on Saturday inspected the ongoing hurricane recovery efforts in the eastern province of Santiago de Cuba, according to a national television newscast. That area suffered severe damage from Hurricane Sandy this past October.

Cuba Gov. Purges 632 Co-op Leaders

In most countries farm cooperatives are owned by their members who elect a board of directors and/or administrators. In Cuba it’s very different; the state-run coops have little autonomy, an example of which was the decision this week to remove 632 presidents of farm co-ops in one fell swoop.