Business & Economy

Cuba’s Council of Ministers Discuss Census

An expanded meeting was held in Havana of the Council of Ministers last week, Discussions were held on preparations for the population and housing census to be conducted in September 2012. The results will allow the Cuban government to have more precise information about the economic and social situation of the island’s population.

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Poor Cuban Shrimp Harvest

The minister of the food industry reported that the failures in post-larvae production and catches resulted in lower-than-expected income from the seafood exports, whose costs exceeded plans by nearly 1,000 CUCs per ton.

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Cuba-Repsol Oil Operation Threatened

The possibility of Cuba becoming an oil-producing country is worrying politicians in the US. They have therefore begun putting pressure on those firms operating in Cuban waters, particularly the Spanish corporation Repsol, which will be the first to start drilling.

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New Cuba Loan Policy Takes Effect

Starting tomorrow, December 20, new regulations will come into force pertaining to Cuban credit policy and other banking services. Those prioritized will be self-employed workers, farmers and those people seeking to build or repair their homes by their own means.

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Varadero Hotels Record 2011 Losses

Nearly a dozen hotels at the Varadero beach resort recorded economic losses in 2011. This information was made known yesterday in a meeting of the tourism workers’ union in the province of Matanzas.

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