Mexico will condone 70 percent of Cuba’s debt of more than US $487 million in the framework of the new relationship agreed by their governments, news reports highlighted on Friday at the end of a two-day visit from Cuban Foreign Minister Bruno Rodriguez.
Read MoreCuba will open to foreign investment starting Friday at the newly created special economic zone around the port of Mariel, a mega project to try to boost capital inflows to the island.
Read MoreIn recent months, Venezuela’s political and economic crisis, coupled with the absence of investment capital in Cuba, have given rise to desperate attempts at returning to the days of financial success that characterized the boom of joint venture companies on the island.
Read MoreFor the twenty-second consecutive year, the UN General Assembly urged the United States today to lift its more than half century embargo against Cuba. However, the resolution has no mechanism for enforcement or sanctions on the United States if it ignores the call. The vote rejecting the embargo was approved by 188 votes in favor and only two against – United States and Israel, and with the abstention of Micronesia, Palau and the Marshall Islands.
Read MoreUN Security Council sanctions committee experts were in Havana last week to meet with senior government officials. It is expected that the report on the case of the controversial cargo of 240 tons of Cuban military equipment will be issued in the coming days and sent to the Security Council to assess possible sanctions against Cuba.
Read MoreCuban researchers are working to develop a cholera vaccine that is being tested in Cuba and Mozambique. There are two variants to combat the disease developed at the Finlay Institute in Havana. One of them, a “live vaccine strain” is in the testing phase with “good results” in Mozambique and on the island.
Read MoreThe Cuban government announced Tuesday its long-awaited reform to abolish the dual currency prevailing in the island since the 90s, but did not set specific dates for concluding the process.
Read MoreThe Cuban Chapter of the Regional Network of Afrodescendants in Latin America and the Caribbean (ARAAC) , and the Critical Observatory Network, will hold a public forum on Friday October 11, to discuss the proposed Labor Code bill.
Read MoreCuba reiterated its accusations that the United States has intensified the economic embargo against the island under President Barack Obama, despite the relaxations in some restrictions he approved since coming to power.
Read MoreWhen Mauricio Alonso was a nuclear engineer in the 1980s his future seemed bright as Cuba embarked on building its first nuclear power plant with assistance from the Soviet Union. All that changed in the early 90’s with the dissapearance of the Socialist Camp and Alonso came up with another option to resolve his families needs.
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