Business & Economy

Cuban Gov. Activates New Cooperatives

Starting Monday 124 “experimental” cooperatives began operating in Cuba, in sectors such as construction, transportation, waste disposal and agricultural markets. This type of management has been designed by the government for activities that “are not transcendental” for the country’s economy.

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Cuba: Tearing Down Schools, Putting Up Hotels

For many years, the Manazana de Gomez building, which takes up an entire block, housed a number of schools, theatres, editorial offices and other cultural establishments, such as the Latin American Culture Institute, chaired by renowned intellectual Fernando Ortiz.

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Petrocaribe Summit Approves Special Economic Zone

The heads of state and government of the member countries of Petrocaribe approved on Saturday a work plan that includes five points defining a “Special Economic Zone” between member countries based mainly on the exchange of food products for oil.

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Public Internet Facilities Highly Visited During First Month

After a month in operation, around 11,000 people have flocked to the new government facilities with Internet connectivity. The one tenth of one percent of the Cuban population that was able to pay for the expensive new service is mostly comprised of those who receive family remittances from abroad.

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Cuba Has Over 400,000 Self-employed

A total of 429,458 Cubans are registered as self-employed in the 181 activities authorized by the government of Raul Castro since late 2010, according to official statistics. The figure of persons working in the private sector in Cuba was issued at the end of May, which marks an increase of more than 30,000 over last year.

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Cuba Frees Brits Accused of Corruption

Cuban authorities released two British businessmen detained since 2011 on charges of corruption, confirmed the British Embassy in Havana on Friday .Amado Fakhre and Stephen Purvis, former directors of the British company Coral Capital Group, were released this week

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Cuban Vice President to Go on Asia Tour

Cuban First Vice President, Miguel Diaz-Canel, will tour the Asia, during which he will make official visits to China, Vietnam and Laos, according to information released this Sunday on national television. The exact dates of the trip were not released.

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