Business & Economy

The milling of sugar cane in Cuba has been hampered by the damage to refineries, transportation problems and low crop yields resulting from Hurricane Sandy, which stuck the east of the island this past October.

The rescheduling Cuba’s debts to Russia has caused concern among other creditor countries belonging to the “Paris Club,” said Western diplomats to Reuters, though they didn’t want to identify themselves.

Thirty-five biogas plants, mostly in swine facilities belonging to private producers, will be built in the eastern province of Holguin this year, reports the Granma newspaper.

A total of 91 deaths by accidents were recorded in Cuba in 2012, reported the Trabajadores weekly.

Most young people in Cuba prefer to work in the public sector, according to a study released on Thursday at the International Congress of Research on Youth, reported the Prensa Latina.

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has fined the Eagle Global Logistics Corporation $140,000 for doing business with the government of Cuba, reported Prensa Latina.

Cubans consumed fewer eggs last year, said Moraima Cespedes Morales, the vice minister of Economy within the Ministry of Agriculture, speaking to the Granma newspaper.

Humidors with prized Cuban cigars brought in revenues of over $ 1.1 million in the auction held on the final day of the annual Habanos Festival, reported dpa news. Among the guests were the famous former German tennis player Boris Becker and US actor Danny Glover.

NBA player Gary Payton will participate in the 15th Habano Festival, to be held this week at Havana’s Convention Center. In addition to Payton, one of the best point guards in the NBA in the ‘90s and 2000s, attendance has been announced by German tennis player Boris Becker and Italian tenor Dario Balzanelli, considered the heir to Luciano Pavarotti.