Business & Economy

While the complete magnitude of the damage from Hurricane Sandy is still being compiled preliminary government reports show widespread devastation in Santiago de Cuba and Holguin. Electricity is still out in most of Santiago and several other areas of the region.

Bolivia’s government entered into contract on Tuesday with the Cuban company DATYS to set up a modern system for immigration control in that south American nation’s main airports and at fifteen key points along it borders.

The Cuban executive order concerning the transfer of user rights to campesinos for the working of state-owned lands has increased the amount of property that each farmer can work to 166 acres,.

The government officials from Mexico and Cuba met in Havana this week for their first negotiating session for broadening and deepening commercial relations.

The Bolivian government signed a contract on Sunday with the Cuban company Tecnosime to set up a fruit juice processing plant in that South American nation’s Sacta Valley.

Belarusian President Alexander Lukashenko on Thursday received Cuban “reform czar” Marino Murillo, who is on a working visit to the European nation.

Cuba and China are making progress on the development of a medium-term economic agenda, said the island’s first deputy minister of Foreign Trade and Foreign Investment, Orlando Hernandez today in Beijing.

Renowned Italian fashion firms are exploring the potential for entering the Cuban market, even with lines specifically created for this country and its commercial characteristics.

Cuban Vice President Marino Murillo is on an official visit to Vietnam, where he met Thursday with Secretary General of the Communist Party of that country, Nguyen Phu Trong.