Even though little came out from the first round of talks in Havana between Cuba and the United States, on the other side of the Straits of Florida a movement is developing to land in the Cuban market as soon as possible.
Business & Economy
Starting on March 1, MasterCard credit and debit cards issued in the United States may be used in Cuba, ending one aspect of the blockade on financial transactions imposed by the US Treasury Department.
Cuba lowered the price of gasoline and diesel to consumers this week for the first time since the tailspin of oil prices on the world market in recent months. The regular gasoline price dropped from 1.20 CUC to 1.10 CUC a liter.
Everything seems to indicate that the US embargo on Cuba has lost its footing. The efforts of those who believed that an improvement in relations with the United States would bring about a better Cuba have proven victorious.
Sixty-three percent of the US population supports the decision by President Barack Obama to restore diplomatic relations with Cuba, after half a century of rupture. Sixty-six perccent also favor the lifting of the trade embargo on the island.
This Cuban government announced Wednesday that it would issue 200, 500 and 1,000-peso (CUP) notes and that these would be put into circulation on February 1 this year in preparation for the country’s imminent monetary unification process.
The US Treasury Department has just published a list of questions and answers to help US citizens and Cubans understand the changes in policy towards the island announced today that loosens travel restrictions and softens aspects of the embargo.
The Obama administration announced Thursday that it will open up travel for individual US citizens to Cuba and relax aspects of the embargo on the island nation including the lifting of some restrictions on trade and investment,
Work on a new multipurpose terminal at the Guillermón Moncada Port in Santiago de Cuba began Tuesday (Jan. 13), when Chinese and Cuban construction specialists surveyed 10 hectares west of the site.
This past January 1, a special program offering “express entry” to qualified individuals wishing to become permanent residents of Canada came into effect, affording new opportunities to Cuban professionals interested in options outside the island.