Business & Economy

Cuba Says It’s Ready for US Tourists

December 20, 2014 | 2 comments

The head of the Havana Historian’s Office, Eusebio Leal, in charge of the restoration of the city, said today that the Cuban capital is ready to welcome more United States visitors after the historic rapprochement between Cuba and the United States.

Cuban Gov. to Keep 92% of Worker Salaries

December 16, 2014 | 7 comments

Cubans working for firms with foreign capital on the island received a bucket of cold water on Monday when a new resolution announced fixes their salaries at only 8% of what the joint venture or foreign companies must pay the government in hard currency.

Naming Havana a “Wonder City” Is an Insult

December 16, 2014 | 4 comments

Though it is true that there is no shortage of marvelous places in our capital (about to turn 500), Havana’s urban architecture threatens to disappear altogether owing to the almost ceaseless collapse of buildings.

Cuba-Venezuela Sign 62 Accords for 2015

December 14, 2014 | 3 comments

The governments of Cuba and Venezuela just signed 62 joint projects for social and economic development in 2015, reported dpa on Sunday. Venezuelan President Nicolas Maduro arrived at Havana airport on Saturday night.

Cuba Vacations for Russian Oil Co. Employees

December 14, 2014 | 2 comments

Talk about good labor-management relations! The Russian oil giant Rosneft has budgeted 157 million rubles this year to send 1,800 of its employees on an all-paid winter vacation to Cuba, Dec. 20-Jan. 15, the Russian media report.

A Look at the Havana Crafts Fair

December 13, 2014 | No Comments »

The annual Havana International Crafts Fair (FIART) is taking place at the Pabexpo facility on the west side of the capital through December 21st. The fair is open to the public daily from 11 a.m. to 7 p.m. (27 photos)

Cuba to Renew Expired Passports in US through March

December 10, 2014 | No Comments »

The Cuban Interests Section in Washington announced today that it will renew until the end of March the expired passports of Cubans living in the United States who plan to travel in the coming months to the island.

Australian Firm Joins Oil Exploration in Cuba

December 5, 2014 | 4 comments

The company MEO Australia Limited will join the onshore oil exploration effort in Cuba after signing a production sharing contract with the Cuban state oil company Cupet.

Cuba to Clamp Down on Private Sector Tax Evasion

December 1, 2014 | 2 comments

Cuban authorities plan to reinforce controls in 2015 against tax evasion in the private sector, reported dpa news after a meeting of the Council of Ministers.

Cuba Says Economy to Rebound in 2015

December 1, 2014 | 6 comments

The Cuban government expects its economy to grow by over four percent in 2015, says Economy Minister Marino Murillo, reported dpa on Monday.