Business & Economy

The controversy around a canceled Cuban music festival in Miami in April 2011 will be brought before a court in a trial that will begin on August 13. The plaintiffs are asking for $1 million in compensation for losses incurred due to the cancelation of the event.

Nuclear physicist Noriel Pavon Hernandez, a Cuban resident in Spain, in Valencia on Tuesday received the “Entrepreneur Prize” as part of the 2012 King Jaime I Awards.

Brazil’s Odebrecht construction company formally challenged a Florida law that prohibits governments from contracting with companies that have business ties with the Cuban government.

New changes that will favor the private sector on the island will be made to the Labor Code of Cuba, which is currently under review. To date, conflicts and complaints by workers in the private sector “have not been significant.”

The Cuban government will reinstitute the collection of taxes on food imported by all travelers entering the country, according to a statement from the Customs office.

The Cuba’s emerging private sector will be represented at “CietCuba-2012” Second International Convention of Tourism Studies, scheduled to take place from June 18 to 22 at the Havana Convention Center.

The discouraging news has not been reported in any official Cuban media which usually focuses on good economic news while avoiding the bad, leaving such reporting to the foreign press.

A delegation of the Cuban government led by Noel Vazquez Perez, the head of the Ministry of Foreign Trade and Foreign Investment. This is an unprecedented event ever since the Asian country severed ties with the island after the island’s revolutionary victory in 1959.

The 32nd international tourism fair — “FITCuba 2012” — opened on Tuesday on the Santa Maria Key beach resort located in the center-north of the island.

The PetroVietnam state oil company is considering drilling in its concessions off the coast of Cuba next year, an executive of the company told Reuters on Friday.