Articles of Commerce

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Cuba ready to celebrate Havana International Fair 2022

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To date, some 60 countries will be present at the 38th edition of the Havana International Fair (Fihav), the head of Foreign Trade and Foreign Investment of Cuba, Rodrigo Malmierca, highlighted today. Malmierca highlighted that the event, to be held from November 14 to 18 at the Expocuba fairgrounds, will be attended by top-level delegations chaired by ministers and high-ranking government officials. Similarly, the headline highlighted the presence of representatives of some 30 chambers of commerce of nations with which Cuba.

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Cola.CU (I): A bet against hoarders and resellers

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Since September 1, 2020, the Cola.CU application has been operating in the capital, aimed at strengthening order in the stores of the Caribe and Cimex chains. The automated system records purchase history and makes it possible to identify the frequency with which people visit these facilities, as well as the products they purchase. The idea -which arose in the midst of covid-19- was promoted by the Union of Informatics of Cuba and developed by the Eureka Scientific Group of the “José Antonio Echeverría” Technological University of Havana (Cujae), led by Professor Joaquín Pina Amargos.

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How do price distortions affect domestic commerce today?

venta cerdo cuba

How many times have we questioned why the same product has different prices in the market? An example would suffice to illustrate this. For this reason, unification, although definitely no magic wand in appearance or behavior, should contribute to homogenizing current methods of price formation and eliminating distortions that affect both internal and external commerce, and the enterprise system.

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US adds popular Cuban debit card to restricted list

Cuba tiendas mlc

U.S. Secretary of State Mike Pompeo said in a statement Monday that Cuba’s military controls American International Services and uses parent company FINCIMEX and other entities to “charge fees and manipulate the remittance and foreign currency market…The profits earned from these operations disproportionately benefit the Cuban military, furthering repression of the Cuban people and funding Cuba’s meddling in Venezuela.

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Non-state sector: Banco Metropolitano reports on facilities to open accounts in MLC

Banco

Banco Metropolitano reported today on the offer of a service to open current accounts in freely convertible currency (MLC) for non-state forms of management. Through a press release, the institution explained about the implementation of the necessary mechanisms to guarantee the process of opening current accounts in MLC for Cuban natural and legal persons who carry out foreign trade activity.

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Cuban President acknowledges confidence of those attending Fihav, despite the blockade

Canel feria

The President of the Republic of Cuba, Miguel Díaz-Canel Bermúdez, on Wednesday afternoon, at the Palace of the Revolution, held a meeting with ministers, heads of delegations, Cuban enterprise leaders, and businesspeople from abroad participating in the 18th edition of the Havana International Fair.

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Fihav to welcome businesses from more than 50 countries betting on Cuba

Feria Habana

“WE are celebrating this 27th edition at a special moment. The blockade persists, intensified in recent times with absurd measures, but in any event, the Fair is not only going to be held, but will consolidate its status as one of the most important such events in Latin America and the Caribbean,” said Minister of Foreign Trade and Investment Rodrigo Malmierca Díaz, during a press conference.

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International investors recognize Cuba’s guarantees, despite pressure from Washington

Canel inversiones

“We must develop an export vocation in all entities. We need to substitute imports, because the less we spend, the more we have to re-circulate within our own productive processes,” said Miguel Diaz-Canel, President of Cuba’s Councils of State and Ministers, during a meeting of the National Assembly’s Public Services Committee, in which deputies received updated information on Law No.118 that governs foreign investment in the country.

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One-stop service system to facilitate foreign investemnt

Inversiones Cuba

Beginning 2020 with a one-stop service system for foreign trade in Cuba is essential to attracting more business and increasing investment.

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ViMariel S.A. – economic relations between Cuba and Vietnam advance

Mariel

As is to be expected of an area planned for growth, over the past two years, the Mariel Special Development Zone Office has begun to identify and invite international companies with experience and ability to participate in construction of infrastructure in some areas of its Sector A.