US Commerce Secretary Penny Pritzger said today in Havana that the impact had by the United States’ measures to weaken the embargo, “will be dependent on the Cuban government also taking certain steps to update its regulatory system and reform the economy in ways that support the continued development of a Cuban private sector.”
Business & Economy
US Secretary of Commerce, Penny Pritzker, begins a two-day visit to Cuba on Tuesday. The US Secretary of Commerce is scheduled to visit today the port of Mariel.
The United States Embassy in Havana recently purchased a solar power system for $55,120.66, records show. The system should be installed by Oct. 15.
Wang Jing, owner of the Chinese consortium that is to build and operate the Nicaragua canal, has suffered considerable financial losses, Ivan Olivares reported today on the website Confidencial.com.ni.
Private jet charter service from 19 United States cities to Cuba begins operations today. Victor, a British based company, will offer direct flights from Chicago, Los Angeles, New York and other cities. Prices for a group of eight travelers flying to Havana for a four-night program begin at US $40,000.
With home Internet service unavailable to Cubans and public WiFi hot spots prohibitive in cost for the average worker/professional, the State monopoly Telecommunications Company of Cuba (ETECSA) announces that it will now allow people in other countries to pay for Cubans’ Internet use.
Vietnamese firms and banks signed six agreements with Cuba in Havana as a result of the 1st Bilateral Business Forum.
The issue of housing in Cuba still needs to be seriously addressed and the real estate market is still in diapers. That said, like everything else in Cuba, there are different ways to materialize one’s dream of having a home, be it through legal mechanisms or “under the table.”
US Secretary of Commerce, Penny Pritzker, will be in Cuba on October 6-7, becoming the second cabinet member of the Obama administration to visit the island since the restoration of bilateral relations in July between Washington and Havana.
The U.S. Chamber of Commerce on Friday (Sept. 25) launched the U.S.-Cuba Business Council (USCBC), “a formal commitment by the American business community to build a strong and strategic commercial relationship between Cuba and the United States.”