Business & Economy

An agency within the US Treasury Department has threatened to suspend the licenses of operators that advertise trips to Cuba with suggestions of tours.

The Central Bank of Cuba changed the rules governing the import and export of hard currency in whatever monetary units, as well as Cuban pesos (CUPs) and Cuban Convertible Pesos (CUCs).

Lobbyists in the United States are pressing Congress to pass a law that will levy a 10 per cent “user fee” on agricultural and telephone companies, remittances and travel transactions involving Cuba.

Delays by the Cuban government in assessing international collaboration projects are leaving foreign aid workers in complete limbo, according to a report released this week by Havana correspondents of the IPS news agency.

Cuba is promoting itself as a tourist destination in the Caribbean at the World Tourism Exhibition, which is taking place in Paris at the Port de Versailles Exhibition Park.

The Cuban Customs Office will soon begin enforcing a new law aimed at streamlining the paperwork involved in the exploration and exploitation of oil in Cuba’s Gulf of Mexico Economic Zone.

The 2012 International Biotechnology Conference concludes today at the Havana Convention Center with a presentation devoted to hepatitis B infections and cancer biology and treatment.

A delegation from the “Movement of French Enterprises” (MEDEF), attended a business forum with Cuban officials and island entrepreneurs on Tuesday at the Hotel Parque Central in the capital.

The organizers of the 14th Habanos Festival reported last Friday that over $ 960,000 was raised from the annual auction of Cuban cigars at the closing of the event in the Cuban capital. All of the funds will be donated to the Cuban health system.

After nearly a week of activities, the 14th annual Habanos Festival concludes today at the capital city’s PabExpo fairgrounds with an auction of humidors and other items related to tobacco agribusiness.