Business & Economy

The Provincial Popular Tribunal of Holguin sanctioned 12 officers and of the Ministry of Basic Industry and officials of the CubaNiquel Corporation for corruption. Those sentenced included three vice ministers.

Honduran president Porfirio Lobo Sosa announced yesterday on the occasion of the first meeting on immigration of the Latin America and the Caribbean Community, held in the city of Comayagua, the signing today of a maritime boundary treaty between that Central America country and Cuba.

Cuba and China signed agreements on Saturday in Havana to conduct joint research on therapeutic antibodies for treating cancer and to facilitate the rehabilitation of motor functions of the brain.

The Spanish hotel chain in Cuba, Melia Hotels International, has developed a marketing campaign to attract Cuban tourists, inviting them to visit their 25 facilities on the island.

The Central Bank of Cuba is revising the requirements of its new credit policy for private sector workers, according to a report broadcast on state-run television.

This year Cuba will have its first solar photovoltaic power plant, said Mario Alberto Arrastia, a specialist with the Cubaenergia company. In an attempt to break with the traditional fossil fuels based approach, the plant will produce 1,500 megawatts (MW) of energy.

Around 59,000 students and 10,000 teachers are set to participate in a training for enumerators and supervisors next month for the eighteenth “Population and Housing Census” in Cuba that will take place next March.

A shipment of 66,000 pounds of goods from Miami arrived in Havana on Friday on board the Ana Cecilia, the boat owned by the International Port Corp (CPI) for sending freight to Cuba.

Bad economic news on Monday for the Cuban government as the second deep water oil well drilled in the gulf of Mexico has come up virtually dry and will not be of commercial use.

Tropical Storm Ernesto was born on Thursday afternoon under 300 miles east of St. Lucia in the southeastern Caribbean Islands. The weather system packs 50 mph winds and is moving swiftly west at 21 mph.