Articles of Economy

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Cuba’s 2017 energy strategy

Petroleo

Aware that the energy sector is one of the 12 areas prioritized for foreign investment, Granma International takes a look at the strategic lines the country has charted for the oil industry this the current year.

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ECLAC forecasts a complex period for Latin American economies

barcena

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) outlined a complex period for the region’s economies in 2017, although she welcomed a return to modest, but positive, growth. Responding to questions from Prensa Latina, Alicia Bárcena explained that an increase in U.S. Federal Reserve interest rates and rising commodity prices are expected for 2017.

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Cuba sees over one billion dollars in tourist revenue in first half of 2016

turismo Cuba

On November 10, Cuba’s National Office for Statistics and Information (ONEI) reported tourist revenue amounting to over 1.2 billion dollars in the first half of 2016, a 15% increase as compared to the same period last year. According to the ONEI the figure only includes revenue from institutions affiliated with the Ministry of tourism, that is to say, excluding private businesses.

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FIHAV ends, business begins

Feria habana negocios

Presenting Cuba’s Foreign Investment Portfolio, consolidating existing commercial ties, and diversifying international economic relations, with a focus on priority projects for the country’s development, are among the key aims of the 34th edition of the Havana International Trade Fair (Fihav 2016), which ends today, November 4, leaving Cuba’s business sector to solidify alliances and new projects.

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More and better trade partners

feria de la habana 2016

During the inauguration of the 34th Havana International Trade Fair (Fihav 2016), Minister of Foreign Trade and Investment Rodrigo Malmierca emphasized the need for Cuba to find more serious, capable and committed economic partners.

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The U.S. blockade harms Cuban agriculture

cuba-fao

The report by the Cuban Ministry of Agriculture (Minag) on damages caused by the economic, commercial and financial blockade imposed by the United Sates on the island, was presented during a press conference by the Ministry for national and international journalists.

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The world against the blockade

ONU pizarra votaciom

The United Nations General Assembly voted today, October 26, to approve the Cuban resolution expressing the need to put an end to the over 50-year economic commercial and financial blockade imposed by the United States on the island.

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FIHAV 2016: The biggest yet

Feria de La Habana

With 75 countries confirmed to attend, the 34th edition of the Havana International Trade Fair (FIHAV 2016) is set to be the biggest to date, a reflection of the confidence of the island’s trading partners in the Cuban market and their rejection of the U.S. blockade, stated Ro­drigo Malmierca Díaz, minister of Foreign Trade and Investment, during a press conference held on October 19.

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Southwest Airlines announces its arrival to Cuba

SOutwest-1

Starting next November, Southwest Airlines will begin flying to Cuba from Fort Lauderdale-Hollywood and Tampa, the President of the Board, executive director and president of the firm, Gary Kelly, said.

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U.S. state of Louisiana and Cuba explore trade opportunities

US Lousiana

A delegation of 40 business people from the southern U.S. state of Louisiana, led by Governor John Bel Edwards, and representatives from Cuban state enterprises and ministries met yesterday, October 4, in Havana, to identify possible opportunities for trade and investment.