News and Facts about Cuba

debt

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Cuba Offers Up Opportunities and Headaches for American Entrepreneurs

Cuba Offers Up Opportunities and Headaches for American Entrepreneurs
by David DeVoss AUGUST 3, 2016, 11:52 AM EDT

Regulations are loosening in the Communist country, but the business
climate remains uncertain.

Zach Smith built his $15 million travel business by offering customized
tours of exotic locations in Latin America. But in order to stay ahead
of the competition, the 35-year… Continue reading

Cuba and Venezuela: Stormy Weather

Cuba and Venezuela: Stormy Weather / Iván García

Iván García, 1 August 2016 — Whatever serious prophecy is offered,
Venezuelan President, Nicolás Maduro, has very few options. It’s an
uncomfortable liability even for the followers of chavismo [the politics
of Hugo Chávez, who preceded Maduro].

No one knows the interior of the Palace of Miraflores better than the
Havana Regime.… Continue reading

France to fund development projects in Cuba

France to fund development projects in Cuba
Indo Asian News Service 30 July 2016

Havana, July 30 (IANS) France will finance various priority development
areas in Cuba through long-term preferential loans, sources said.

Cuban Foreign Trade and Investment Minister Rodrigo Malmierca and French
Ambassador Jean-Marie Bruno signed an agreement on Friday for the
opening of a French Development Agency in… Continue reading

Randy, the situation is worse than in the 90s

Randy, the situation is worse than in the 90s
DIMAS CASTELLANOS | La Habana | 29 de Julio de 2016 – 12:26 CEST.

The newspaper Granma recently published an article by Randy Alonso that
commenced by dismissing “media vultures” who “revel in painting a dark
picture, according to which Cuba will return to the direst days of the
Special Period.”… Continue reading

Cuba’s Raul Castro marks decade in power

Cuba’s Raul Castro marks decade in power
2016-07-29 11:37
By Carlos BATISTA

Havana (AFP) — Cuban President Raul Castro succeeded his brother Fidel
10 years ago Sunday, a decade marked by once-unthinkable reforms on the
communist island and a historic rapprochement with the United States.

Castro emerged from the towering shadow of his big brother on July 31,
2006, when… Continue reading

Economists debate how hard Venezuelan economic storm will hit Cuba

Economists debate how hard Venezuelan economic storm will hit Cuba
BY MIMI WHITEFIELD

Another country stole attention at the opening session of the
Association for the Study of the Cuban Economy conference in Miami as
the impact on Cuba of the potential end of Venezuelan oil largesse
became a prime topic for debate.

Faced with mounting energy problems, Cuban… Continue reading

The Cuban economy goes into a tailspin

The Cuban economy goes into a tailspin
DIMAS CASTELLANOS | La Habana | 27 de Julio de 2016 – 20:54 CEST.

On 29 December, 2015 the Cuban president announced before the National
Assembly of the People’s Power that “despite the impact of the
international economic crisis, exacerbated in our case by the effects of
the US blockade, maintained unchanged, and… Continue reading

Cuba – the Looming Crisis

Cuba: the Looming Crisis
July 21, 2016
By Fernando Ravsberg

HAVANA TIMES – Since Raul Castro announced at a session of the National
Assembly that there will be economic problems, speculation hasn’t
stopped about a new crisis like the one experienced in the 90s. However,
the situation today is very different from that Cuba.

The country will participate in a… Continue reading

Will Cuba Ever Pay for the Property It Stole?

Will Cuba Ever Pay for the Property It Stole?
JASON POBLETE
July 22, 2016, 1:20 am

Obama’s reach-out will be put to the test next week.
Communist Cuba owes U.S. taxpayers nearly $8 billion for stolen
property. Cuba also owes a few billion more for looted art and
antiquities as well as scores of human rights abuses for which there… Continue reading

Cuba – Where is the Money?

Cuba: Where is the Money? / Iván García

Iván García, 18 July 2016 — Two retirees, a strolling detergent vendor
and a vacationing doctor, kill time in a park in south Havana, debating
the surprising Portuguese victory of Cristiano Ronaldo in the European
Cup. They also comment on the Regime’s new austerity measures, which
presage another season of “skinny cows”… Continue reading

Economic hardships in Cuba spark rumors of a new “Special Period”

Economic hardships in Cuba spark rumors of a new “Special Period”

Without Venezuelan aid, Cuba’s economy grew only 1 percent and could get
worse in 2017 as the government confirms power blackouts and suspension
of debt payments.
NORA GÁMEZ TORRES

Cuban ruler Raúl Castro may have ruled out a return to the “Special
Period” — the devastating economic crisis… Continue reading

Mariano Murillo, the Marked Card Up Raul Castro’s Sleeve

Mariano Murillo, the Marked Card Up Raul Castro’s Sleeve/ 14ymedio
Reinaldo Escobar

14ymedio, Reinaldo Escobar, Havana, 15 July 2016 — The ouster of Marino
Murillo as head of the Ministry of Economy and Planning (MEP) raises the
question of whether it was a fall into disgrace or an act of protection.
An official statement said that Murillo would dedicate himself… Continue reading

Periodo Especial Forever In Cuba?

Periodo Especial Forever In Cuba?
07/14/2016 12:47 pm 12:47:43
Miriam Leiva

For the first time the Castros do not have a patron. 57 years they
exerted power backed by the economic support of the Soviet Union
(1959-1989) and Venezuela (1999-2016). But celebrations this July 26th
are gloomy. Raul Castro acknowledged economic difficulties, and he
encouraged everyone to trust and have… Continue reading

Marino Murillo Leaves His Ministry To Devote Himself To The Management Of Cuba’s Economic Crisis

Marino Murillo Leaves His Ministry To Devote Himself To The Management
Of Cuba’s Economic Crisis / EFE, 14ymedio

EFE/14ymedio, Havana, 14 July 2016 – Cuba’s Council of State, at the
request of president Raul Castro, has named Ricardo Cabrisas minister of
the economy, replacing Marino Murillo, who remains a vice president and
will chair a commission in charge of reforms… Continue reading

Cuba sacks, replaces minister of economy amid fears of Venezuela fallout

Cuba sacks, replaces minister of economy amid fears of Venezuela fallout
By Andrew V. Pestano | July 14, 2016 at 2:12 PM

HAVANA, July 14 (UPI) — Cuba’s minister for the economy, Marino
Murillo, was removed from his post Wednesday and reassigned as the
island country fears consequences from the economic crisis in Venezuela,
its close ally.

The Cuban economy… Continue reading

Cuban Economy Minister Marino Murillo is sacked

Cuban Economy Minister Marino Murillo is sacked
From the section Latin America & Caribbean

The Cuban economy minister has been removed from his post following
President Raul Castro’s warning last week that people would have to
tighten their belts amid the continuing economic crisis in Venezuela.
The government says Marino Murillo will now have responsibility for
spearheading market reforms.
Cuba’s… Continue reading

Mitsubishi Corp says scouting for Cuba infrastructure projects

Mitsubishi Corp says scouting for Cuba infrastructure projects
HAVANA | BY SARAH MARSH

Japanese trading house Mitsubishi Corp (8058.T) is scouting for business
opportunities in Cuba including infrastructure projects at its Mariel
special development zone, a top executive said on Friday.

Companies from Cuba’s long-term trading partners such as Japan have
stepped up interest in the Communist-ruled island since its… Continue reading

Habaneros Comment on “The Wonder” of Their City

Habaneros Comment on “The Wonder” of Their City / Iván García

Ivan Garcia, 6 June 2016 — From Miraflores, south of Havana, Sergio
comes twice a week with his wheelbarrow to the dump on Calle 100 in
Marianao to pick up old junk that he later sells for a few pesos in a
traveling fair in the slums of La… Continue reading

Legal Framework for the Enemy

Legal Framework for the Enemy / Cubanet, Miriam Celaya

Cubanet, Miriam Celaya, Havana, 2 June 2016 — The phrase uttered by
Castro I a few years ago, when he confessed that no one knew how to
build socialism, remains in the minds of many Cubans. Most of us,
stunned and unbelieving, wondered back then what they had been doing for… Continue reading

Rich nations use Cuba debt in hopes of opening opportunities

Rich nations use Cuba debt in hopes of opening opportunities

France, Italy, Japan, Spain and Russia are among the countries seeking
to convince Cuba to sign contracts with their companies for projects to
update the Communist-led nation’s creaking infrastructure, in return for
writing off debt.
MARC FRANK
Reuters

HAVANA
Cuba’s long-term trading partners are using debt forgiveness, swaps and
new… Continue reading

Liberal Republic – Socialist Revolution

Liberal Republic / Socialist Revolution
MIGUEL SALES | Málaga | 1 Jun 2016 – 9:43 am.

May 20 will mark 114 years since the founding of the Republic of Cuba.
The date, which went unnoticed by almost everyone, is important in
itself, because it marks the moment when Spain’s last holding in the
Americas broke away from the Crown and… Continue reading

Spain is Cuba’s second-largest trading partner, Spanish official says

Spain is Cuba’s second-largest trading partner, Spanish official says
Published May 19, 2016 EFE

Spanish Secretary of State for Trade Jaime Garcia-Legaz on Thursday said
relations with Cuba are “very positive,” adding that his country is
already the island’s second-biggest trading partner.

“Spain has already become Cuba’s second-largest trading partner,
displacing Venezuela, and therefore very close to China, which is… Continue reading

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