Business & Economy

Cuba Opens Wide to Foreign Investment

A 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).

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Cuba: Foreign Capital to the Rescue

An 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.

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Venezuela Devaluates its Currency

The 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.

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New Cuba – Martinique Air Route

A 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.

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Cuba’s New Foreign Investment Bill under Discussion at Regional Assemblies

A preview of the upcoming Bill on Foreign Investment was given this week by the chairman of the Cuban National Assembly’s Commission on Constitutional and Judicial Affairs, José Luis Toledo Santander. He states that the document “aims to reinforce the guarantees to investors and establishes the priority of foreign investment in almost all sectors of the economy, especially in those related to production.”

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Cuba Denies It Will Allow Home Internet

Cuba’s state monopoly telephone company, Etecsa, today denied reports that the island will offer Internet access for home users in the coming months, reported dpa news. The news came as a bucket of cold water for those expectant of the service.

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Agro-Industry Fair in Boyeros, Havana

The Agro-Food Fair (FIAGROP 2014) officially opened Monday at the Boyeros fairgrounds in Havana. Each year this event facilitates the introduction of foreign, mixed and national firms for trade in agroindustry in all its aspects. (38 photos)

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