Business & Economy Archives - Page 95 of 213

Considerably More Cubans Are Traveling

The number of trips abroad by Cubans increased by 23.7 percent in 2014 over the previous year, and 66.7% since January 2013, when immigration reform that eliminated the exit permit took effect.

Cuba to Begin Exporting ‘Unlimited’ Amounts of Shellfish to Russia

Russia has authorized the importation of Cuban shellfish — initially shrimp and lobster — and will start receiving it “without limitation,” the Russian Ministry of Agriculture announced Monday (Aug. 10) in Moscow.

Russian Car Maker Weighs Assembling Some Models in Cuba

The Russian vehicle manufacturer GAZ “is considering” assembling some of its products in Cuba or Venezuela for distribution in Latin America, a spokesman for the company said this past weekend.

Toxic Algae in the Bay of Cienfuegos, Cuba

A rare dermatitis caused by contact with microorganisms found in the sea has prompted fears in Cuba’s habitually quiet city of Cienfuegos. Several people – mostly children – have arrived in hospitals with rashes and skin lesions over the past two weeks.

Cuba’s Emerging Individual Entrepreneur

The individual entrepreneur, the proprietor and founder of the small and midsize businesses that have been organized throughout the country lacks official recognition as such and is still considered a “cuentapropista” (self-employed), as if there was no difference.

US and Cuba Banks Agree to Relationship

Stonegate Bank, which earlier this year became the Cuban government’s bank for its diplomatic mission in the United States, has set up a correspondent banking relationship with a Cuban banking institution.

Cuban Lung Cancer Vaccine Offered in Local Hospitals

“The vaccine against lung cancer is unique in the world and is very new,” Arlhee Díaz, pharmacist and marketer for the research center, explains to the public. It doesn’t eliminate the tumor but the vaccine’s manufacturer claims it slows its growth, allowing patients to live longer and with a better quality of life.