The Canadian company Sherritt announced Monday the signing of a new contract with Cuban authorities for joint venture drilling and gas production for 10 years, extendable to 2028. The company’s executives have suffered reprisals from Washington for its economic relationship with Cuba, including being denied entry to the USA.
Read MoreThe socialist state telephone company, ETECSA, complains about the competition from individuals “using the Internet as an alternative route” to supplant “the role that corresponds to the company” and “International Telephone Companies” bringing “heavy financial losses.”
Read More“Cuba is changing some of its economic policies and the private sector is evidently growing,” said US Chamber of Commerce President, Thomas Donahue, during his speech at the University of Havana, in which he condemned the economic embargo Washington has been imposing on Havana for more than fifty years.
Read MoreThe Cuban Customs office issued a statement today warning travelers to the island of a crackdown on the carrying of packages for third parties. The measure especially affects Cuban-Americans who routinely carry parcels from friends and neighbors when traveling to the island.
Read MoreThomas J. Donohue, president of the U.S. Chamber of Commerce, on Wednesday visited an automotive repair cooperative in Havana, where he maintained a “fluid” chat with the workers. “Donohue was interested in the ‘before and after’ of this enterprise […] about how workers are hired and protected,” said Marcelo González, manager of the Vehicle Reconstruction Cooperative in the Cerro municipality of Havana.
Read MoreA 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.
Read MoreCuba’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.
Read MoreThe 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.
Read MoreAt 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.”
Read MoreWhile 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.’
Read More
