Business & Economy

Trial over Cancellation of Cuban Music Festival Begins

The festival was scheduled for April 9, 2011 at the Homestead Speedway racetrack, but it was canceled by the facility’s owners, who claimed that information was withheld from them. The organizers denied their arguments and have filed for damages of a million dollars.

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Raul Castro Inspects Areas Hit by Hurricane Sandy

Cuban President Raul Castro on Saturday inspected the ongoing hurricane recovery efforts in the eastern province of Santiago de Cuba, according to a national television newscast. That area suffered severe damage from Hurricane Sandy this past October.

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Cuba Gov. Purges 632 Co-op Leaders

In most countries farm cooperatives are owned by their members who elect a board of directors and/or administrators. In Cuba it’s very different; the state-run coops have little autonomy, an example of which was the decision this week to remove 632 presidents of farm co-ops in one fell swoop.

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Heineken Cocktail Championship in Cuba

The first “National Cocktail Championship with Heineken Beer,” will be held in Havana in March to highlight the quality of service in local bars and to boost tourism on the island, reported the Prensa Latina news agency.

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EU Maintains Stance against Cuba Embargo

The European Union (EU) reiterated its disapproval of the US blockade against Cuba and said that in the coming EU-CELAC summit it will call for the elimination of the barriers to free trade, reported the Prensa Latina.

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Cuba Mobile Phone Prices Drop

The Cuban telephone company (ETECSA) will lower the rates on its cellphone service starting tomorrow (Wednesday January 16), according to an EFE report. Daytime cellphone service will drop to 0.35 CUC per minute from the current 0.45. (1.00 CUC = 1.15 USD)

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