News

Cuba-Repsol Oil Operation Threatened

The possibility of Cuba becoming an oil-producing country is worrying politicians in the US. They have therefore begun putting pressure on those firms operating in Cuban waters, particularly the Spanish corporation Repsol, which will be the first to start drilling.

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New Cuba Loan Policy Takes Effect

Starting tomorrow, December 20, new regulations will come into force pertaining to Cuban credit policy and other banking services. Those prioritized will be self-employed workers, farmers and those people seeking to build or repair their homes by their own means.

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Varadero Hotels Record 2011 Losses

Nearly a dozen hotels at the Varadero beach resort recorded economic losses in 2011. This information was made known yesterday in a meeting of the tourism workers’ union in the province of Matanzas.

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Jazz Plaza 2011 in Full Swing

The International Jazz Plaza Festival began as a free event in the 80’s. The only thing anyone needed to get in to the Plaza Casa de la Cultura (cultural center) was good energy and desire to listen to jazz. Later they started asking an admission price, which has been rising gradually to where it is 25 pesos for nationals ($1 USD) and 25 CUC’s (pushing $30 for foreigners).(7 photos)

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