Business & Economy

Cuba’s Political Elite Meets Saturday

A National Conference of the Communist Party of Cuba will begin Saturday morning and run through Sunday at the Havana Convention Center with the participation of 811 delegates. The delegates will focus discussion on the reorganization of the party in the wake of the approval of the “Guidelines” for economic “updating” at the 6th Party Congress last April.

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Cuba Approves 530 Bank Loans

Some 530 bank loan applications have been approved just one month after the authorization of this operation, reported officials on the “Mesa Redonda” television news/commentary program.

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Cuba Plans to Drill as Oil Rig Arrives

A Chinese-built offshore oil drilling platform has arrived in Cuban waters and can be seen from the Havana seawall. It comes along with the Spanish company Repsol, which will be the first, but not only firm, doing exploratory drilling to confirm the accuracy of previous assessments.

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Cuba Invests in Increased Rice Production

Cuba will be making substantial investments to increase rice production, having already purchased more than 70 new tractors and 120 harvesters. Cuba currently imports more than half of all its domestically consumed rice.

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