Business & Economy

UK Firm to Invest $50 Million on Bio-generator in Cuba

The AZCUBA sugar industry business group and the British firm Havana Energy Ltd, have created a company to build the first 30 megawatt electric generating plant in Cuba running off of biomass. This information emerged last week during the Havana International Trade Fair.

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Cuba Opens Sugar Industry to Foreign Investment

After having reserved it to the national public sector since 1959, the Cuban government is opening its struggling sugar industry to foreign investment, reported Reuters. Today a contract will be signed with the Brazilian giant Odebrecht to manage a sugar mill on the island.

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Cuba and Russia Sign Ten Agreements

The governments of Cuba and Russia on Monday signed ten agreements for economic cooperation, trade and scientific technology at the closing of the Tenth Session of the Intergovernmental Commission, held in Havana.

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UN Donates Food for Eastern Cuba

The World Food Programme (WFP) announced today that it will give immediate assistance to half a million people in Cuba after Hurricane Sandy caused major devastation to the east of the island.

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