Business & Economy Archives - Page 172 of 213

Cuba Has New Pivotal Minister

Tomas Benitez Hernandez, 66, is Cuba’s new minister of Basic Industry, a key government post that includes the state controlled oil, gas and mining industries and the electric company.

Rep. Flake Holds OFAC Accountable

Long time advocate for restoring the rights of all US Americans to travel to Cuba, Rep. Jeff Flake (R-Arizona) successfully added an amendment to the Fiscal Year 2012 Appropriations bill that would require the Office of Foreign Assets Control, the regulatory body that enforces the Cuba travel ban, to: provide a report on pending license applications related to education exchanges.

Raul Castro Chats with China’s Xi Jinging

Cuban President Raul Castro met on Sunday afternoon with visiting Chinese Vice President Xi Jinging. “A total of 13 agreements in areas of mutual interest were signed at the conclusion of the official talks,” noted Granma newspaper without giving any details.

What Can You Take to Cuba?

The following is an updated answer to the question in our Cuba Travel section, where a reader asked: Is there a website that explains what a person can bring and not bring in to Cuba?

Cuba’s Private Sector Gets Tax Relief

ne of the complaints levied about the rules for starting a small business in Cuba has been the immediate license fee and tax burden on the entrepreneur. Now the Council of Ministers has announced short term relief for small businesses.

A Sugar Boost for the Cuban Economy

Cuba hopes to revive its sugar industry as part of the recently announced economic changes and take advantage of good international prices for what was once the Caribbean island’s main export.

Cuba’s Property, Travel Rules Changing

Although the document does not provide details about how the reforms are to be implemented, it says Cubans will be allowed to buy and sell vehicles and homes – two widely hoped-for changes.

Craft Fair with Art for Mom

The Seventh National Craft Fair with Art for Mom took place from April 22 to May 7 in Havana at the Pabexpo exhibition center with the participation of numerous visual artists and artisans. Like every year, the activity was dedicated to Mother’s Day (celebrated on the second Sunday in May in Cuba) where it constitutes an opportunity for exchanges between creators as well as sales to the public of diverse utilitarian articles. (27 photos)

Cottage Industries, Baracoa (Part 4)

Local Industries constitute an entity that is very important economically for local development because it can take advantage of everything in the territorial that can be transformed it into beautiful and useful items.

Cuba Reforms Text to Hit Newsstands

The final draft of the economic reforms approved by the VI Congress of the Communist Party of Cuba will hit the newsstands in tabloid form as of Monday. Another document to be sold includes the reasoning behind the changes made in the initial “guidelines” document presented to the 1,000 delegate congress and the population in general.