Business & Economy Archives - Page 170 of 224

Official Says Cuba to Substantially Increase Oil Production

Oil and gas production in the island’s Exclusive Economic Zone in the Gulf of Mexico is likely to increase substantially, said a specialist from the Ministry of Mines and Energy Cuba, speaking on Tuesday at the Havana Convention Center.

Self-employment Increases in Cuba

As of February, the number of self-employed workers in Cuba reached 371,200 workers, according to statistics from the Ministry of Labor and Social Security. The most common are those engaged in food preparation and food sales, which represent a sixth of the total number of small business operations.

The Cuba Blockade is Firm, Says US Goverment

Turning a deaf ear to the call of Pope Benedict XVI for the US to end its blockade against Cuba, the US government reiterated yesterday that it does not intend to change its policy that has been in place for more than half a century.

El Salvador Plans More Trade with Cuba

An agreement aimed at facilitating trade between El Salvador and Cuba was approved Thursday by the legislature of that Central American nation. The accord involves reducing tarrifs on 433 Salvadoran products and 618 Cuban ones.

Cuba Explains Its Economic Reforms at UN

Under the theme of “The Economic and Social Panorama of Latin America and the Caribbean and Prospects for 2012,” Cuba’s representative to the UN, Pedro Nunez, spoke Wednesday at that organization’s headquarters in New York.

Cuba’s Economic Czar Says Forget Political Reforms

Marino Murillo, a vice president of Cuba’s Council of Ministers and charged with overseeing the implementation of President Raul Castro’s economic reforms, told the local and foreign press not to expect any political reforms from the government.

Internet Down for Some Cubans

The Cubarte network, one of the governmental institutions charged with providing access to the Intranet, Internet and email on the island, reported today that its users are experiencing difficulties with Internet browsing that will continue throughout the visit of Pope Benedict XVI (March 26-28).