Articles of Economy

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Cuba and Austria sign bilateral agreement on Cuban debt

Austria, comercio cuba

Ricardo Cabrisas Ruiz, a Council of Ministers vice president, held a working meeting in the afternoon of Wednesday, March 2, with Rudolf Scholten, director general of the Austrian Control Bank. The two undertook a comprehensive analysis of the current situation and the outlook for economic, commercial and financial relations between the two countries, considering the results of the Cuba-Austria Business Forum, held earlier that the day.

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A week of celebrations for the Habano

Tabaco festival

A haze of smoke still hangs in the air following the celebrations of the 18th Habano Festival, the largest international event for enthusiasts of the best tobacco in the world. The festival brought more than 2,000 participants from over 60 countries to the Cuban capital, from February 29 to March 4.

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US Delegation Concludes Visit to Cuba

cuba-usa

A US delegation presided over by Ambassador Daniel A. Sepulveda, Deputy Assistant Secretary of State and US Coordinator for International Communications and Information Policy in the State Department ‘ s Bureau of Economic and Business Affairs (EB), concluded a visit to Cuba on Saturday.

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Cuba regains control of Havana Club rum brand in US

havanaclub-

The US Patent and Trademark Office (USPTO) granted the brand to Cuba export earlier in the week in a case that was contested by Bacardi, Xinhua reported.
While Bacardi was born in Cuba, it has been based in Bermuda since abandoning the island in 1959. With most Cuban products banned from being sold in the US, Bacardi has marketed a Puerto Rico-made rum under the Havana Club name.

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Díaz-Canel meets German Deputy Foreign Minister

aleman canciller y diaz

First Vice President of Cuba’s Councils of State and Ministers, Miguel Díaz-Canel Bermúdez, yesterday January 7, meet with the honorable Sigmar Gabriel, Germany’s deputy foreign minister and minister of Economy and Energy, who is making an official visit to the country.

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Cuba and Germany strengthen economic ties

aleman canciller malmierca

Cuba is changing and new opportunities to expand and strengthen bilateral relations in the economic sphere, as well as renew ties at a political level, are opening up for Germany, stated Sigmar Gabriel, German deputy foreign minister and minister of Economy and Energy.

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Working smart

Machado Campechuela

The need to work with intelligence, take full advantage of the sugar cane available, and increase efficiency during this year’s sugar harvest, were the basic ideas emphasized by José Ramón Machado Ventura, a Council of Ministers vice president and Party second secretary, during a visit yesterday, January 6, to the Enidio Díaz mill.

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Díaz-Canel visits central province

Diaz Cannel Cabaiguán

The importance of linking agricultural production with proper distribution as a means to counter the current high prices in the sector, was highlighted yesterday by Miguel Díaz-Canel Bermúdez, a member of the Political Bureau of the Party Central Committee and first vice president of the Councils of State and Ministers.

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Air France-KLM consolidates operations in Cuba

air france

The airline Air France-KLM projects ending the year with a 15% increase in passenger transportation, consolidating its position as the principal carrier between Cuba and Europe, Africa and Asia, reported Antoine Cros, general manager for Cuba and the Dominican Republic. During 2014, he told the press, “More than 400,000 passengers were transported, a figure which confirms our participation in the increase seen in tourism to the island, and demonstrates the positive state of relations between the company and Cuban authorities in the leisure industry and the aeronautical sector.”

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Hotel Iberostar Varadero expands options for winter season

Iberoestar Varadero

The Iberostar Varadero Hotel, located on the Hicacos Peninsula in the province of Matanzas, is offering tourists more attractions this winter season, with improvements which include expansion of the spa and new services for vacationing families. Among the new options is a “bar” specifically for children located near the water park which young visitors always enjoy, added to please clients of all ages, as is expected of a five-star hotel.