Business & Economy

The government of Evo Morales approved on Wednesday the sending of 120 tons of humanitarian assistance to Cuba to help address the destruction caused by the Hurricane Sandy, reported Bolivian Minister of Defense Ruben Saavedra.

Cuba, along with other eleven countries, will be taken out of the 2014 European System of Tariff Advantages (SGP) after having been classified in recent years as being a medium-high income economy as determined by the World Bank, reported the executive office of the European Union on Tuesday.

The office of the National Comptroller, currently buried in the struggle against corruption, announced on Monday that it will dedicate its efforts in the provinces of Santiago de Cuba and Guantanamo to controlling resources directed toward reconstruction activities in the wake of the disaster caused by Hurricane Sandy.

While the complete magnitude of the damage from Hurricane Sandy is still being compiled preliminary government reports show widespread devastation in Santiago de Cuba and Holguin. Electricity is still out in most of Santiago and several other areas of the region.

Bolivia’s government entered into contract on Tuesday with the Cuban company DATYS to set up a modern system for immigration control in that south American nation’s main airports and at fifteen key points along it borders.

The Cuban executive order concerning the transfer of user rights to campesinos for the working of state-owned lands has increased the amount of property that each farmer can work to 166 acres,.

The government officials from Mexico and Cuba met in Havana this week for their first negotiating session for broadening and deepening commercial relations.

The Bolivian government signed a contract on Sunday with the Cuban company Tecnosime to set up a fruit juice processing plant in that South American nation’s Sacta Valley.

Belarusian President Alexander Lukashenko on Thursday received Cuban “reform czar” Marino Murillo, who is on a working visit to the European nation.