Business & Economy

Understanding the New US Policy on Cuba

June 18, 2017 | 34 comments

The executive order signed by President Donald Trump this Friday in Miami to change US policy towards Cuba contains, in essence, new restrictions on travel and commercial activities, but does not affect family visits or remittances from the Cuban-American community.

Two Private Restaurants Closed in Havana

June 13, 2017 | 14 comments

Cuban authorities have launched a campaign to prevent economic the opening on the island being ripe for money laundering from abroad. The owner of two successful restaurants on the Havana seafront has been the first arrested.

Trump Asked to Prioritize Compensations in his Cuba Policy

June 7, 2017 | 34 comments

Republican senator Marco Rubio and Democrat senator Bill Nelson have asked the Trump administration to give priority to compensation to US citizens who lost assets when Fidel Castro nationalized these at the onset of the Revolution.

Cuba Housing Construction: 10 Years in Decline

June 1, 2017 | 9 comments

Housing construction in Cuba has fallen for the tenth consecutive year in a row, adding to the further decline in a country with great housing shortages. This despite the opening of the housing market for buying and selling and some government subsidies.

Murillo Reappears Presiding a Parliamentary Session with Raul Castro

June 1, 2017 | 6 comments

The so-called tsar of economic reforms in Cuba, Marino Murillo, reappeared on Thursday on the political stage during an special session of the National Assembly, along with president Raul Castro. He had been absent from the public for over a year.

Cuba National Assembly Special Session Called for Thursday

May 29, 2017 | 4 comments

The Cuban government has called for a special session of the National Assembly of the People’s Power to be held on Thursday June 1st, to officially approve documents which will govern the national political and economic strategy in the coming years.

Pro & Contra US-Cuba Exchange Offensive

May 25, 2017 | 29 comments

There are two very distinct approaches trying to influence the Trump administration’s awaited Cuba policy. An initial look at the US president’s plans for the relationship with the neighboring country is expected in the not too far off future.

Trump Proposes Eliminating Grants to Cuban Dissidents

May 24, 2017 | 10 comments

President Donald Trump’s first budget request, which was submitted on Tuesday, eliminates funds directed to issues linked to civil society and human rights in Cuba [something which the Cuban government has been demanding for years].

Super Luxury Hotel Opens in Havana, Cuba

May 23, 2017 | 21 comments

The Gran Hotel Manzana, the first five-star plus hotel in Cuba, opened its doors Monday in Havana operated by the Swiss company Kempinski, which considers the facility its “point” of entry to the Americas. The hotel is owned by the Cuban Armed Forces.

Venezuela: Maduro Under Fire in the Odebrecht Corruption Scandal

May 12, 2017 | 3 comments

Testimony before the Brazilian courts has implicated Venezuelan president, Nicolas Maduro, in the Odebrecht construction company scandal in Latin America, according to details published today in the Brazilian media.