Business & Economy

Cuba Justifies Hiring Construction Workers from India

October 18, 2016 | 7 comments

After an extended silence, the Cuban government has finally come out to explain the controversial contracting of hundreds of workers from India to build a modern hotel in Havana.

Key Cuba Embargo Provision Lifted by Obama

October 14, 2016 | 8 comments

One of the most significant actions taken today was to rescind the ban on receiving cargo ships in US ports for six months after having docked in Cuba. This provision could make much more viable the deep water port that the Castro government built with Brazilian funding at Mariel west of Havana.

The Sticky Issue in Cuba of Government and Foreign Funding

September 29, 2016 | 3 comments

While the Cuban government and Communist Party finance, control and monitor all media and any legal organizations in the country, the US government funds several organizations, some based inside Cuba and some abroad, trying to effect policy or regime change on the island.

Cuba Denies Reported Oil Discovery

September 16, 2016 | 2 comments

The state company CubaPetróleo (Cupet) reduced the level of expectations created by the alleged discovery of a major oil field in the center of the island and said the news was a “misinterpretation”.

US-Cuba Race Against the Clock

September 14, 2016 | 22 comments

The United States and Cuba took an important step along the road towards the normalization of relations between the countries with the inauguration of the Bilateral Economic Dialogue in Washington D.C., a forum for discussing topics of mutual interest with an eye towards the future.

Raul Castro Asks Russia To Supply Cuba with Oil

September 5, 2016 | 6 comments

Cuban President Raul Castro has asked Russia to once begin supplying Cuba with oil. Before the Soviet Union’s disintegration in 1991, it was Cuba’s main supplier under favorable trade terms.

Jet Blue Lands in Santa Clara, Cuba

August 31, 2016 | No Comments »

The first direct commercial flight between the US and Cuba landed today in the city of Santa Clara, in the center of the island, after more than half a century of restrictions.

US Transportation Secretary Heads for Cuba on Maiden Flight

August 29, 2016 | 3 comments

The US Secretary of Transportation, Anthony Foxx, will travel to Cuba on Wednesday on the first commercial flight between the two countries after more than 50 years of suspension.

AT&T and Cuba Agree to Direct Interconnection with US

August 23, 2016 | 3 comments

Cuba’s monopoly telecommunications company, Etecsa, announced on Monday an agreement for direct interconnection with the US giant AT&T for the exchange of international voice traffic between the two countries.

Nicaragua’s Army Chief Says the 50 Russian Tanks Are a Donation

August 18, 2016 | 4 comments

Gen. Julio Cesar Aviles, head of the Nicaraguan army, assured the public that the acquisition of 50 Russian T72 model tanks does not represent a US $80 million debt for Nicaragua, as the Moscow press asserted last April on the Sputnik news agency’s website.