Workers employed at Cuba’s Mariel Special Development Zone (ZEDM) will be paid 80 percent of the salaries agreed to under their contracts between the Cuban government’s employment agencies and the investors. The payments are to be made in Cuban pesos (CUP), under an extraordinary exchange rate of 10 CUP to 1 Cuban Convertible Peso (or CUC).
Read MoreFrench Foreign Minister Laurent Fabius said in Havana on Saturday that his country supports negotiations to revive relations between Cuba and the European Union (EU ), but also expects further progress in political rights on the island, reported dpa news.
Read MoreSales of food products from US companies to Cuba continued to plummet in 2013 declining to $348.7 million dollars, but there was a significant increase in US exports of medicines and medical equipment to the island.
Read MoreThough Microsoft has been announcing for months that it will cease to offer technical support for its Windows XP Operating System (OS) on April 8, Cuban computers continue to regard the announcements of the multi-million software company incredulously.
Read MoreFrance hopes to establish with Cuba “constructive relations in all domains,” Romain Nadal, a spokesman for the Ministry of Foreign Affairs told Prensa Latina. On Saturday French Foreign Minister, Laurent Fabius, is due to arrive in Havana.
Read MoreBecause 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.
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