Because of the style of parliamentary debate in Cuba, it is impossible to know if any of the more than 600 deputies present at the National Assembly asked: “Why a Foreign Investment Law and not an Investment Law?” It is difficult to understand why, in the midst of a process of change that has vindicated entrepreneurial economic activity on the island.
Read MoreA year after establishing strict regulations applicable to Cubans wishing to travel to Ecuador, Rafael Correa’s government has decided to eliminate the letter of invitation hitherto required of visitors from the island. The move could drastically increase arrivals.
Read MoreA government mission from the Brazilian state of Rio Grande Del Sur, and their Cuban hosts, confirmed their decision to advance in bilateral cooperation in areas such as agriculture and agribusiness, reported Prensa Latina.
Read MoreThe presidents of Cuba and Vietnam agreed in Havana to several actions to strengthen partnerships between the two countries , following the visit of a high-level Vietnamese delegation to the island from 26 to 28 March, reported Granma daily.
Read MoreCuba’s parliament unanimously approved the new law to attract more foreign investment to the Caribbean island. The legislation will open the economy to foreign capital in nearly “all sectors” and takes effect in 90 days.
Read MoreA briefing to journalists by Cuban government officials on the proposed changes to the Foreign Investment Law was held Tuesday at the National Assembly building, where the bill will be brought up for approval on Saturday (March 29).
Read MoreAn extraordinary assembly of the Cuban parliament aimed at discussing a new foreign investment law has been officially announced for the close of this month. The better part of the legislation sustaining Cuba’s reform process is made up of presidential decrees.
Read MoreThe Venezuelan government put in practice today a new currency exchange rate that represents significant de-facto devaluation; the largest in history, analysts told dpa news. The rate was pegged at 51.86 Bolivars to the US dollar.
Read MoreA new weekly direct flight between the eastern Caribbean island of Martinique and Cuba was opened on Thursday, which will be “an excellent opportunity” to develop multi-destination travel within the Caribbean, said a statement from the Ministry of Tourism.
Read MoreThe government of Raul Castro adopted a wage hike for doctors working in Cuba that increases the income of the most qualified by more than 150 percent, according to information released today in the official media.
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