A leading Chinese automobile manufacturer will start assembling its vehicles in Cuba. The Hangzhou-based Geely International Corporation is now preparing to launch its project “in a local place” in Cuba, the Global Times reported.
Read MoreThe workday of the brigade making repairs to Terminal 3 of the capital’s Jose Marti Airport, was extended to 14 hours a day , reported Trabajadores weekly .
Read MoreVaradero, Cuba’s leading tourist destination for sun and beaches, loses between 70 centimeters and one meter of coastline each year due to rising sea level, reported the Cuban News Agency.
Read MoreA much-announced wage increase will reach the pockets of Cuban health professionals this coming January, sources that prefer to remain anonymous told HT. There had been talk of this for about a year.
Read MoreCuba will begin to issue sovereign bonds to pay for the debt generated by the budget deficit, Finance Minister Lina Pedraza told the Cuban parliament on Saturday. The nation will in this way finance up to 70 percent of the deficit, which in 2014 is expected to reach 4.7 percent of the GNP.
Read MoreThe point man of the Cuban economy, VP Marino Murillo, confirmed Friday that the Cuban Convertible Peso (CUC) will be eliminated in the process to reestablish a one-currency system on the island. No date or timeline was given for its disappearance.
Read MoreThe latest album of Cuban pianist Roberto Fonseca, “Yo” (I) , is among the 10 best musical productions of 2013 in the U.S., according to a survey by The Washington Post. The musician announced on its Web site several tours during March and April next year, in Australia , New Zealand , Hong Kong , France and the UK.
Read MoreAfter days of rumors about the possible defection of Cuban Vice President and economic reforms chief, Marino Murillo Jorge, the official was reported present during a session this week of the Council of Ministers in the Cuban capital.
Read MoreThe Cuban government has set an ambitious construction project in motion. Headed by the Ministry of the Revolutionary Armed Forces (FAR), the project is aimed at building thousands of homes for military officers and civilian employees in urban areas.
Read MoreThe Council of Ministers of Cuba decided at its current meeting to open up the retail sale of new and used motorcycles, cars, vans and minibuses. Cubans with well-off relatives in the United States and other countries will be a considerable percentage of those able to take advantage of the relaxing of restrictions.
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