News and Facts about Cuba

investment

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Cuban entrepreneurs gird for ban on import sales

Posted on Friday, 10.18.13

Cuban entrepreneurs gird for ban on import sales
BY ANNE-MARIE GARCIA
ASSOCIATED PRESS

HAVANA — You can find just about anything at El Curita marketplace in
gritty central Havana.

Hundreds of entrepreneurs hawk all manner of goods at this bustling
bazaar, from watches, shampoos and facial creams to neon-colored tube
tops and the striped FC Barcelona… Continue reading

Cuba Is Not Privatizing its Economy

Cuba Is Not Privatizing its Economy
October 15, 2013 | Print |
By Progreso Weekly

HAVANA TIMES – Cuba is not turning its state-owned-and-managed property
into private property, says economics czar Marino Murillo.

Addressing Cuba’s National Assembly of Popular Power, the head of the
Commission on Implementation and Development of the Guidelines made
several important points about the reforms in… Continue reading

UMass MBA student travels to Cuba for summer study

UMass MBA student travels to Cuba for summer study
By SIMÓN RIOS

October 13, 2013 12:00 AM

Trai Dang didn’t have a thesis and he didn’t speak the language — but he
had work to do. He booked a flight to Havana and set off for a summer
research project to learn what investing was like in the socialist… Continue reading

No Remedies, Political Changes

No Remedies, Political Changes / Martha Beatriz Roque Cabello
Posted on October 12, 2013

HAVANA, Cuba, October, www.cubanet.org — Raul Castro has repeated
constantly that errors are the greatest enemy of the Revolution, those
that have been committed and new ones that may be committed.
Nevertheless, he does not speak of the political changes necessary for
correcting those errors, since… Continue reading

Cuba Goes Old-School on the Millennium Goals, What’s Next?

Cuba Goes Old-School on the Millennium Goals, What’s Next?
October 10, 2013
Graham Sowa

HAVANA TIMES – I swear everything is slower in the Caribbean. However,
my Cubana Airlines wall calendar affirms that time continues its steady
countdown to the 2015 due-date of the Millennium Development Goals (MDGs).

Cuba will be one of the few countries not asking for extensions… Continue reading

Cleveland group going to communist Cuba to learn about capitalism

Cleveland group going to communist Cuba to learn about capitalism
Print By Robert L. Smith, The Plain Dealer
on October 10, 2013 at 4:00 PM, updated October 10, 2013 at 4:03 PM

Entrepreneurs in America tell of enduring an odyssey of challenges: long
hours, self-doubt, fruitless quests for financing. To that, their new
peers in Havana might say, “Tell me… Continue reading

Panama businessman jailed in Cuba

Posted on Tuesday, 10.08.13

Panama businessman jailed in Cuba
BY JUAN O. TAMAYO

An elderly Panamanian businessman has been jailed in Cuba for more than
a year in what is variously described as a case of corruption or Havana
attempts to renege on its debts or switch more of its trade to
businessmen from politically sympathetic countries.

Nessin Abadi,… Continue reading

Entrepreneurs Fear Losing Investments

Entrepreneurs Fear Losing Investments / Victor Ariel Gonzalez
Posted on October 5, 2013

HAVANA, Cuba, October 4, 2013, Victor Ariel Gonzalez / www.cubanet.org.-
In the heat of what appears to be a crusade against clothing and shoe
retailers, this reporter interviewed vendors in the capital who
expressed their worries about recently enacted measures and warnings
issued by the Ministry of… Continue reading

Cuba’s new port offers a small opening to the global economy

October 3, 2013 6:00 pm

Cuba’s new port offers a small opening to the global economy
By Marc Frank in Havana

Mariel container terminal is part of a larger scheme that will take over
all the facilities at Havana’s ageing port
When Havana hosts its annual international trade jamboree next month,
officials will be sure to tout Cuba’s new container… Continue reading

Cuba’s Spies Still Punch Above Their Weight

Cuba’s Spies Still Punch Above Their Weight
William Rosenau [2], Ralph Espach [3]
September 29, 2013

Despite a withered economic base, few exports of any value, and a
repressive state bureaucracy, Cuba and the Castro regime have an
outsized international presence. Recently, Havana appeared to be the
international diplomatic broker for former U.S. intelligence analyst
Edward Snowden’s asylum applications to… Continue reading

Cuba OKs rules on commercial zone at Mariel Port

Posted on Tuesday, 09.24.13

Cuba OKs rules on commercial zone at Mariel Port
BY ANDREA RODRIGUEZ
ASSOCIATED PRESS

HAVANA — Cuba has approved tax exemption rules for a special commercial
zone at a massive port under construction west of Havana, in hopes of
luring more foreign investment as the country tries to lift its economy
with a series of reforms.… Continue reading

Cuba bids to lure foreign investment with new port and trade zone

Cuba bids to lure foreign investment with new port and trade zone
By Marc Frank

HAVANA (Reuters) – Cuba published rules and regulations on Monday
governing its first special development zone, touting new port
facilities in Mariel Bay in a bid to attract investors and take
advantage of a renovated Panama Canal.

The decree establishing the zone and related rules… Continue reading

Rise in Havana Bus Fares in the Wind

Rise in Havana Bus Fares in the Wind
September 21, 2013
By Rogelio Manuel Díaz Moreno

HAVANA TIMES – I have the impression that it won’t be long before
there’s a new rise in the price of public transportation in Havana.

The formal price of a ticket on the urban buses is 40 cents (of a peso),
in the so-called… Continue reading

Special Development Region Coming to Cuba

Special Development Region Coming to Cuba
Desperation for Trade and Employment Drives the Measure
Posted by Fergus Hodgson on September 20, 2013 at 5:38 pm

The Cuban Council of State has announced a “special development zone”
(una zona especial de desarrollo) for Mariel Harbor of Artemisa
Province. As reported by Radio Angulo, once implemented, the officials
may well replicate this… Continue reading

Canadian golf project in Cuba hits a snag

Posted on Sunday, 09.15.13

Canadian golf project in Cuba hits a snag
BY JUAN O. TAMAYO

A Canadian real estate company planning a golf resort in Cuba has filed
a $25.5million suit against the PGA of America in Palm Beach County,
alleging that the group blocked its right to use the valuable brand on
the island.

The firm, 360… Continue reading

Havana sees new life for seedy industrial port

Havana sees new life for seedy industrial port
Sep. 14, 2013
by USA TODAY

HAVANA (AP) – Havana’s harbor has long been an unsightly jumble of piers
left to crumble into piles of rusty, twisted rebar. Its dominant feature
is a refinery smokestack across the bay that belches smoke and flame 24
hours a day.

But lately demolition crews and… Continue reading

Democracy in Cuba “Only for my Kind of People”

Democracy in Cuba “Only for my Kind of People”
September 11, 2013
No book holds the answer to the Cuban question…
Haroldo Dilla Alfonso*

HAVANA TIMES — In my last post, dealing with a private daycare center in
Havana, I argued that Cuban society ought to be aware of the extent to
which the current re-structuring process entails the privatization… Continue reading

Cuba Streamlines Public Health System

Cuba Streamlines Public Health System
By Patricia Grogg

HAVANA, Sep 7 2013 (IPS) – One challenge faced by the Cuban government,
and a high priority for citizens, is improving the efficiency and
sustainability of public health services, a constitutional right that
the state is supposed to ensure for all.

The quality of healthcare services was a target of criticism during… Continue reading

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