Business & Economy


Cuba-USA Finally Agree on Details to Reopen Embassies

June 30, 2015 | 6 comments

The United States and Cuba announced Wednesday they have reached an agreement to reopen embassies in Washington and Havana after apparently working out the pending details, reports dpa news.




Cuba’s State Telephone Monopoly Denies Home ADSL

June 27, 2015 | 5 comments

Cuba’s telecommunications company hastened this week to plug a leak that said that the state-run company, ETECSA (Empresa de Telecomunicaciones de Cuba, S.A.), would “offer broad-band Internet access packages to Cuban homes through ADSL technology and at varying connection speeds.”




US State Department to Send 15 Cubans to Graduate School

June 25, 2015 | 3 comments

The US State Department wants to send at least 15 Cubans to graduate school in the United States so they can “more effectively establish, lead, manage, and grow independent organizations in Cuba.”




Cuba and China to Sign Joint Venture for Golf Resort/Villa

June 24, 2015 | 42 comments

Cuba and China will sign an agreement today on a joint venture involving the construction of a large building complex to accompany an 18-hole golf course east of Havana, the goverment’s ACN news reported.




“Che” Monument in Santa Clara, Cuba Welcomes Visitor # 4 Million

June 19, 2015 | 35 comments

Elaina Faulner, an English tourist visiting Cuba, was the 4-millionth visitor to the Che memorial. Minutes after being informed of this, she told the press she was surprised and overjoyed at the news.




Cuba-US Thaw Attracts Spain’s Economics Minister

June 18, 2015 | No Comments »

Spain’s minister of the Economy and Competitiveness, Luis de Guindos Jurado (shown in photo above), will travel to Cuba in the second week of July to meet with high-ranking government officials, the EFE news agency reported.




Cuba Drops Genetically Modified Crops

June 17, 2015 | 43 comments

Cuban authorities said today that the island has no plans to open up to the controversial use of transgenic seeds, despite the possibilities offered by them to increase agricultural production, reported dpa news.




New Lobby Group TV Ad Calls for End to Cuba Travel & Trade Ban

June 17, 2015 | 2 comments

To mark its official launch, Engage Cuba began airing a new television ad highlighting the outdated restrictions on Americans that deny them the right to travel to and conduct business in Cuba.




Cuban Homes for the Elderly Maintained by Foreign Donations

June 16, 2015 | 1 Comment »

A total of 18 homes for the elderly in Cuba are operated by religious institutions and fraternal organizations, both of which are maintained by private donations and tax-payer’s money, in addition to the 12 million Cuban pesos (US $600,000) they receive from the State budget every year.




How Venezuela’s PDVSA Exports Crude Oil to Cuba

June 15, 2015 | 2 comments

Recent press and financial institutions reports indicate that Venezuela has substantially cut back petroleum deliveries to Cuba under the terms and conditions of the October 2000 Convenio Integral de Cooperación Venezuela-Cuba CIC barter agreement.