Business & Economy

Cuba’s coffee harvest for the 2010-2011 cycle should be between 20 and 25 percent higher than the poor showing last year. Last season was the worst coffee harvest in over a half century and combined with the worst sugar harvest in over a century in the struggling Cuban agriculture.

Cuba will build residential complexes annexed to 16 new golf courses, whose dwellings can be purchased by persons from other countries, affirmed Minister of Tourism Manuel Marrero. The official said that the measure should come into force before the end of the year, after the legal regulations have concluded regarding aspects such as the sales contracts and the immigration status of the owners.

The governments of China and Cuba ratified this Saturday the mutual interest in strengthening “economic and commercial cooperation” as well as “high-level” exchanges between both countries, after a meeting of foreign ministers held in Havana.

The foreign ministers of China and Cuba, Yang Jichei and Bruno Rodríguez, respectively, presided over the signing of an economic, technical and commercial cooperation agreement.

There are 13 Cuba-China joint ventures, seven of them in communications, agricultural production and tourism, reported IPS.

Cuba maintains a close watch on the oil spill in the Gulf of Mexico and is foreseeing the measures in case of an impact by the spill, affirmed Cuban Minister of Basic Industry Yadira García to MPs from the energy and environment commission of the National Assembly of People’s Power. García said it is necessary to remain alert in face of this risk, for which a working group was created made up by the Civil Defense and high-level specialists.

Cuba has 220 science and technology centers, an institutional foundation that has allowed it to achieve transcendental results such as the Va-Mengoc-BC vaccine, the first and only effective one in the world against group B meningococcus, winner of the Gold Medal of the World Intellectual Property Organization. Fernando González, first deputy minister of science, technology and the environment, said that the fundamental pillar of national scientific policy is the cooperation and integration of all the institutions, which includes the application and generalization of the achievements in the country.

Cuban President Raúl Castro headed this Monday the summit meeting of his country and Venezuela, held at a beach resort in the central province of Villa Clara, to boost bilateral relations with a view to the Economic Union. The meeting ended with more than 100 signed projects that will allow for the expansion of bilateral cooperation and commercial exchange. Venezuela is Cuba’s leading trade partner.

Cuba received during the first half of this year 13,519 more tourists than the same period in 2009, which confirms the upward tendency of one of the principal sources of financial resources of this Caribbean country. According to data of the National Office of Statistics (ONE), up to the close of June a total of 1,389,712 visitors arrived, for a one per cent growth.

The experimental cultivation of sponges has increased from two to 12 hectares in the area of Carahatas, on the northern coast of the province of Villa Clara, barely two years after the start of a project as part of the Program of Small Donations of the UN Environment Fund.

Cuban specialists obtained a new formulation of the Heberpenta pentavalent vaccine, used to immunize children against diphtheria, tetanus, whooping cough, hepatitis B and Haemophilus influenza type B, announced Luis Herrera, director of the Genetic Engineering and Biotechnology Centre (CIGB). From now on all the medicine’s components will come in one bottle, which reduces storage costs and manipulation.