Business & Economy


Cuba Finally Finds a Bank to Handle Its Accounts in the USA

May 19, 2015 | 4 comments

The Cuban Interests Section in Washington has finally found a bank, overcoming another obstacle to the resumption of bilateral relations with the United States, according to sources with the State Department, reported dpa.




France and Cuba Sign New Agreements

May 14, 2015 | 6 comments

The French-Cuban cooperation agreements encompass areas in the economy, sciences and the arts By Pilar Montes HAVANA TIMES — The French president accompanied by five ministers and the highest executives of his country’s leading companies could not end his visit to Cuba empty-handed. In less than 48 hours, the said president managed to meet with […]




Less Cubans Going to Cinemas/Theaters

May 8, 2015 | 1 Comment »

Cubans appear less and less interested in going to the movies, visiting museums, going to libraries or seeing stage plays – activities that are no longer among families’ entertainment or educational priorities. However, visits to art shows and attendance at dance music performances is up.




US State Dept. Requests More Cuba Funds

May 8, 2015 | No Comments »

The US State Department is asking for more than $6 million to convert its Interests Section in Havana to an embassy and $528,000 for a new program called “Cuba Outreach Initiative,” budget documents show.




USA Opens Up Boat Travel to Cuba

May 5, 2015 | 27 comments

Several Florida based companies will be racing to be the first Ferry line to travel to Havana after the US Treasury Dept. approved such trips on Tuesday. The first trips could come in a matter of weeks. Industry experts say travel by boat will be less expensive that flights and also provide the passenger with the ability to bring greater baggage weight.




Honey ‘Made in Cuba’ for Export

May 5, 2015 | 5 comments

Buyers in Europe pay as much as 3,000 euros for a single ton of ecological honey, free from chemical residues, processed and sold at a plant in the city of Sancti Spiritus in central Cuba.




Japan Offers Credit and Donates Medical Equipment to Cuba

May 4, 2015 | No Comments »

Japanese Foreign Minister Fumio Kishida’s visit to Cuba came to an end today with benefits for the two countries: the issuing of credit lines and donation of medical equipment to State companies on the island and the opening of its market to Japanese investors and companies.




Japan Says it Can Talk Future with Cuba

May 3, 2015 | 2 comments

The President of the Cuba-Japan Economic Conference, Tomoyoshi Kondo said in Havana that once the issue of the Cuban debt is solved, the two countries will be able to “discuss and talk about the future.”




British Firms to Invest $400 million in Cuba, with Priority on New Golf Club

April 30, 2015 | 10 comments

“It was a very successful mission,” said Lord Hutton of Furness, co-chairman of the Cuba Initiative, after signing direct investment agreements between British and Cuban companies for 400 million dollars. The legislator headed a trade mission that brought executives from 32 UK companies on an exploratory business visit that led to agreements to invest in the sectors of energy, agriculture and tourism infrastructure, including the construction “of a new golf course” at one of the country’s resort areas.




Two Dead and Dozens of Buildings Collapse from Heavy Rains in Havana

April 30, 2015 | 7 comments

Two persons are dead and nearly 30 homes collapsed, three total, after heavy rains and flooding Wednesday afternoon in Havana, reported dpa news.