With little hoopla, Brazil has become Cuba’s second trade partner in Latin America. The trend is rising, according to basic data: In 2011, the bilateral trade exchange rose by 45 percent, compared with 2010, when it totaled US$501.4 million. This year, it is expected to close at $1 billion.
Read MoreThe Critical Observatory Network (OC) of Cuba, announced that the organization will begin collecting humanitarian aid for the victims of Hurricane Sandy in the east of the island.
Read MoreCuban purchases of US goods have decreased, according to an analysis by John Kavulich, a senior policy adviser to the New York-based US-Cuba Trade and Economic Council.
Read MoreThe 30th Havana International Fair (FIHAV 2012) came to a close over the weekend with the organizers optimistic about the results. Business representatives from 57 countries took part and contracts were signed over a week for more than US $300 million. HT was on hand to give our readers a glimpse of the event. (25 photos)
Read MoreThe AZCUBA sugar industry business group and the British firm Havana Energy Ltd, have created a company to build the first 30 megawatt electric generating plant in Cuba running off of biomass. This information emerged last week during the Havana International Trade Fair.
Read MoreThe Russian government is seeking to create a new Russian-Cuban airline based at Havana’s Jose Marti International Airport, said the Russian Deputy Transportation Minister Sergey Aristov in a report by Russia Today.
Read MoreThe European Commission on Thursday announced an aid package of six million euros to support the victims of Hurricane Sandy in Cuba and Haiti, the two nations most affected in the Caribbean region.
Read MoreAfter having reserved it to the national public sector since 1959, the Cuban government is opening its struggling sugar industry to foreign investment, reported Reuters. Today a contract will be signed with the Brazilian giant Odebrecht to manage a sugar mill on the island.
Read MoreThe Cuban government will charge fifty percent of the cost of building materials purchased by families affected by Hurricane Sandy, as of next Monday with previous purchases receiving a retroactive credit.
Read MoreThe governments of Cuba and Russia on Monday signed ten agreements for economic cooperation, trade and scientific technology at the closing of the Tenth Session of the Intergovernmental Commission, held in Havana.
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