Cuba Opens Car Sales to Individuals
As of this Saturday, buying a used car in Cuba is no big deal, as long as you have the money to do so. Selling a car had been previously limited to pre 1959 revolution vehicles.
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Business & Economy
Self-Employment in Cuba Expanding, But Not Enough
This month, the Cuban government eased up on taxes and other legal aspects involved in self-employment. But experts warn that there are serious limitations standing in the way of growth of private enterprise, which is supposed to absorb hundreds of thousands of employees slashed from the public workforce..
Read MoreMonied Cubans Flock to Varadero Hotels
Privileged Cubans are flocking in record numbers this summer to Varadero Hotels reported the Ministry of Tourism on Thursday.
Read MoreUS Crackdown on French Firm over Cuba
The US blockade on Cuba continues strong with the latest casualty being the French shipping and transport giant CMA CGM. The firm was fined US $374,400 for doing business with Washington’s eternal Cold War enemy in Havana as well as Iran and Sudan.
Read MoreCuba Phone Co. Corruption Scandal Leaks
A new large-scale corruption scandal involving yet another Cuban government ministry, Informatics and Telecommunictions, is unfolding today in Havana.
Read MoreInternet Drags in Cuba Despite Cable
For the moment, the public’s expectations are yet to be fulfilled. Will Cubans be able to contract for Internet services in their homes? Will the price for the service be reduced at tourist centers? Will speed improve for everyone? Will they reduce the charges for telephone services? The answer remains: Who knows?
Read MoreCuba Aviation & Biotech Execs Off to Prison
A host of executives in Cuba’s government controlled airline and pharmaceutical industries were sentenced to 3 to 13 prison terms for corruption, announced official sources on Friday.
Read MoreCuba Hits 1.5 Million Tourist Mark for 2011
Cuba received more than 1.5 million tourists during the first half of 2011. The goal for the industry is to reach 2.7 million by the end of the year.
Read MoreCuba Caravan Crosses US-Mexico Border
A large caravan of humanitarian aid for Cuba crosses over the US-Mexico border at Reynosa on Wednesday en route to the Gulf Port City of Tampico and a boat loading for destination Havana.
Read MoreCuba Money Laundering Case Verdicts
A Havana court has found a French businessman guilty of money laundering, trafficking of foreign exchange and tax evasion, and eight Cuban accomplices of falsifying documents and bribery, reports the official Cuban press on Wednesday.
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