Articles of Economy

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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.

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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.