Articles of Economy

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The best way to help Cuba is to lift the blockade

Obama empresarios bloqueo

One of the ways to help Cubans is for Congress to lift the “embargo” (blockade) once and for all, stated the President of the United States of America Barack Obama, speaking to U.S. business representatives and members of the Cuban sate and private sector participating in a Business Forum held in Old Havana’s Antiguo Almacén de la Madera y el Tabaco, March 21.

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Raúl and Obama make statements to the press

Raul y Obama discursos

President Raúl Castro commented that in the 15 months which have transpired since plans to reestablish diplomatic relations were announced, concrete results have been achieved, and that he was pleased to welcome President Obama, 88 years since the last U.S. head of state visited the island.

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Statement to the press by President Obama

Obama y cempresarios

PRESIDENT OBAMA: Buenas tardes. President Castro, to you, the Cuban government and the Cuban people, thank you for the welcome that you have extended to me, to my family, and to my delegation. For more than half a century, the sight of a U.S. President here in Havana would have been unimaginable. But this is a new day — es un nuevo día — between our two countries.

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The road to collaboration

colaboracion agricultura eeuu Cuba

As part of President Obama’s historic visit, a memorandum of understanding on agricultural cooperation was signed today, March 21, by Thomas Vilsack, U.S. Secretary of Agriculture and Gustavo Rodríguez, Cuban minister for the sector.

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Potential for scientific exchange between Cuba and the United States highlighted in Havana

Agustin Lage

The Director of the Center of Molecular Immunology in Cuba, Dr, Agustín Lage, noted the potential for scientific exchange between Cuba and the United States, while announcing further steps to strengthen links in this sector.
Dr. Lage announced during a press conference this Sunday morning in Havana, that Cuban biotechnology products could begin to be used by U.S. patients, as more than 30 Cuban patents have been approved by the United States Patent and Trademark Office.

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Secretary of Commerce Pritzker and U.S. Entrepreneurs to Accompany Obama to Cuba

Penny-Pritzker_Commerce-Department (1)

U.S. Secretary of Commerce Penny Pritzker will travel to Cuba with business persons from her country, as part of the delegation accompanying President Barack Obama during his visit to the island on March 20-22. A communique issued by the Ministry of Commerce of the United States confirmed that Pritzker will come to Cuba with a group of business persons, like Arne Sorenson, executive president of the Marriott International hotel chain, as well as Ursula Burns, executive president of Xerox.

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January, a good month for tourism

Cruceroi Turismo

According to figures released by the National Office of Information and Statistics (ONEI), 2016 has begun with positive results for the tourist sector. A report published on the ONEI website reveals that January saw the arrival of 417,764 tourists to Cuba, a 12.7% increase as compared to the same period last year, when 370,830 visited the island.

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Billion peso investment in Cuban energy and mines

Cuba planta Niquel

Speaking to the press, the official from the Ministry of Energy and Mines noted that investments in 2015 amounted to around one billion pesos, representing 94.9% fulfillment of the scheduled plan. He described 2015 as a good year for activities in the sector, which saw key industries achieve high levels of production.

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U.S. blockade sees British Cuba Solidarity Campaign bank accounts close

Banco Bloqueo

THERE are many examples of the extraterritorial character of the economic, commercial and financial blockade imposed by the United States against Cuba for over half a century. The cases range from multi-million dollar fines against banks or companies for doing business with Cuba, to the refusal to provide services to persons or entities that have some link with the island.

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Raúl receives Federal President of Austria

Raul y Pdet Austria Palacio

During the friendly encounter, the two leaders discussed the positive state of bilateral relations, celebrating their 70th anniversary this year, and their desire to gradually strengthen trade, economic and cooperation ties. They also addressed topics of mutual interest on the international agenda.