Business & Economy

Cuba Extends Expensive Internet Access

The Cuban government announced today that it will expand the supply of public Internet access on the island. The authorities said they will open 118 cybercafes across the country starting on June 4, reported dpa news on Tuesday.

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Cuba: Foreign Investment Reform

In July 2012, the government announced that it was working to update the current Law on Foreign Investments. We have waited with a mixture of patience and impatience, because this is a “hot” topic, a pressing issue. However, we’re ending the first half of 2013 and may have to continue to wait.

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Cuba Lifts Ban on Appliance Imports

The Cuban government authorized on Monday the entry to the island of high consumption electrical equipment such as air conditioners, microwave ovens and cookers, after placing a ban on such appliances back in 2005.

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Brazilian Doctors Oppose Hiring Cubans

Brazilian doctors objected Wednesday to the recent announcement that their government plans to hire 6000 Cuban doctors to meet the shortfall of health professionals in interior regions of the nation, reports AP.

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Cuba Has Farm Products Wholesale Market

Cuban Vice President Marino Murillo told an expanded meeting of the Council of Ministers on Friday that a wholesale market has been established for farm products in the Havana municipality of Boyeros and that both private and and state company buyers will have access.

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Cuba’s Real Estate Market: Booming Speculation

When after more than 50 years of restrictions, the Cuban gov. opened the Pandora’s box of Cuba’s real estate market, many experts predicted that the country would experience a boom in home sales and purchases. Rather than a mad spiral of sales, however, this incipient and atypical market has given rise to a speculative phenomenon.

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Brazil to Modernize Cuban Airports

Cuba and Brazil signed on Tuesday a Memorandum of Understanding for the financing of a project to expand and modernize airport infrastructure of the island, reported the official Granma newspaper.

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Does Cuba Have a Future in Oil?

Energy affairs researcher Jorge Piñón, a Cuban-American who left the island during Operation Peter Pan and these many years later continues to talk in first-person-singular when referring to Cuba. Piñón has worked in the oil industry and was president for Latin America of AMOCO Oil Co.

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Crackdown on Private Businesses around Havana

As part of a clampdown on violations of “city planning legislation”, Raul Castro’s government is applying severe control measures on privately-run business around the capital, many of which have been shut down by authorities in recent months.

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