Business & Economy

Huge Oil Rig Approaching Cuba

The massive “Scarabeo 9” oil rig arrived in the Caribbean island country of Trinidad and Tobago on December 24, where it is undergoing an inspection before leaving for Cuba this coming weekend. The rig was built in Shanghai at a cost of US 750 million.

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Cuba to Provide Home Improvement Subsidies

The Cuban government will begin providing subsidies to low-income families for home improvements. The initiative will mainly benefit those families affected by catastrophes or natural disasters like hurricanes, as well as those people who live in at-risk conditions due to poverty.

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Cuba’s Vegetable Rage

In Cuba, the trend toward vegetarian diets is becoming more popular. Though it has been fueled by the mass media and health food advocates, it still hasn’t been easy to motivate most people in this regard. Cuban dining culture has historically been sustained by the consumption of meat, fish and carbohydrates (with this latter having been the basis of the diet since the advent of the Special Period crisis starting the early 1990s).

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Modern Drilling Simulator in Cuba

Cuban and foreign experts set up a new oil drilling simulator for the training of technicians in Matanzas Province. The new equipment offers broader and more thorough preparation of students seeking certification to work in the hydrocarbon industry.

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Cuba Customs Sets New Rules

On December 30, Cuba’s customs office will put into effect two resolutions related to the import of non-commercial products by individuals, announced a special edition of the Gaceta Oficial.

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New China-Cuba Economic Agenda

During a session of the China-Cuba intergovernmental commission, held yesterday in Beijing, the two countries agreed to work on the development of a mid-term bilateral economic agenda. Between 2012-2016 cooperation will expand in such areas as health, biotechnology and agriculture.

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