Business & Economy

The governments of Cuba and China will gradually eliminate tariffs on their products, from what was learned at the recently concluded 25th Intergovernmental Commission for Trade and Economic Relations, held in Havana.

The Emergency Ministry of the Ukraine on Wednesday donated 15,700 tons of nitrogen fertilizer and urea for agricultural purposes in Cuba.

The 25th Meeting of the Cuba-China Intergovernmental Commission on Economic and Trade Relations took place yesterday in Havana, where both countries expressed their willingness to deepen ties.

The Spanish airline Iberia and Air Europa will both reduce the frequency of their flights to Havana in the coming months, reports preferente.com, an online newspaper for tourism professionals.

Cuba’s Council of Ministers approved a new regulation which gives “legal autonomy to Basic Units of Cooperative Production (UBPC), They will now be able to make direct purchases, by check or cash, of certain unsubsidized products such as salt, sugar, vinegar and packaging and building materials.

Cuba needs to make millions of dollars in improvements as part of the restructuring of its sugar industry, reported authorities on Wednesday at the opening of the 50th Congress of the Association of Sugar Technicians of Cuba, being held at the Havana Convention Center.

The Venezuelan state oil company PDVSA is poised to see if three can be the charm as it begins to drill an offshore well off the coast of far western Cuba. Previous attempts by Spanish and Malaysian companies came up dry.

The Japanese Embassy in Cuba on Tuesday donated four fire engines to the Cuban Fire Department. The vehicles will be added to those of the Commando No.1 Fire Brigade in Old Havana, a densely populated community of old buildings and narrow streets.

Eight Brazilian companies in the textile and footwear industries met with their Cuban counterpart on Friday in Havana for a round of business negotiations aimed at increasing trade between the two countries.

The National Statistics Office of Cuba (ONE) reports that the country is producing less food than five years ago, while food prices rose 20 percent in 2011 alone.