Business & Economy

Cuba: Hygiene Product Shortages Continue

August 28, 2014 | 8 comments

Periodic shortages in Cuba of home and personal hygiene products marketed in stores selling in both regular pesos and hard currency will remain for the remainder of 2014, reported the official press on Thursday.

Cuba to Prevent Entry of Dirty Money

August 28, 2014 | No Comments »

The Central Bank of Cuba (BCC) announced measures this week to minimize the entry of illicit capital through transactions resulting from the opening of the island to foreign capital under the recently adopted Foreign Investment Law.

New Mall Opens in Havana

August 27, 2014 | 8 comments

On Saturday August 30th the Puentes Grandes Shopping Plaza opens its doors in the Cuban capital. The government administered stores are located in a restored building in the municipality of Cerro and will charge in both Cuban currencies.

Bank of Ireland Freezes Cuba Transfers

August 26, 2014 | 6 comments

The Bank of Ireland began to prevent all financial transfers to Cuba in recent weeks because of a business relationship with a US bank, reported the Irish Times newspaper.

Cuba’s Rusney Castillo Signs with Red Sox for $72 Million

August 22, 2014 | 1 Comment »

Cuban outfielder Rusney Castillo became the latest multi-millionaire from the island by signing a $72 million contract on Friday with the Boston Red Sox, the highest amount awarded thus far to a player from the island.

Cuba Gets OK to Download Google Chrome

August 20, 2014 | 18 comments

Internet giant Google announced Wednesday that its Chrome browser can now be downloaded in Cuba. The change comes as part of an easing of some US sanctions against the island, although the half century embargo remains in place.

Cuban Film “Conducta” Wins Award Lima Festival

August 19, 2014 | No Comments »

The Cuban film “Conducta” by filmmaker Ernesto Daranas won the Audience Award Saturday at the close of the 18th Film Festival in Lima, reported Prensa Latina.

Cuba to Issue New Banknotes

August 19, 2014 | 5 comments

The Central Bank of Cuba plans to issue in the near future new banknotes for regular Cuban pesos (CUP) with new security measures, according to official sources.

Brazil Prepares Cuban MDs in Havana

August 15, 2014 | 8 comments

The Brazilian Ministry of Health launched this month in Havana a training program for a group of Cuban doctors on call to serve under contract in the South American country.

Court in Cuba Sentences Three Baseball Players for Human Trafficking

August 13, 2014 | 5 comments

A Cuban court has imposed 5-year prison sentences on three young men implicated in a plot to smuggle renowned baseball players out of the country through a human trafficking operation allegedly run from the United States by Major League star Yaisel Puig.