Articles of Economy

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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.

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First eight companies in Mariel Special Development Zone introduced

Mariel reunion

Luis Alberto González, President de Richmeat, is a Mexican meat processing company with a 15-year history in Cuba, explained that their factory in Mariel will process 1,000 tons a month and will hire 25-45 Cuban workers. The plant will begin operations with meat imported from Mexico, but the plan is to move toward acquiring it from Cuban ranchers.

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Brutal blockade against Cuba must end, Venezuela tells UN

bloqueo NO

The brutal U.S. blockade against Cuba must come to an end, Venezuela’s Ambassador to the UN, Rafael Ramírez, stated this Monday, adding that the international community will undoubtedly support this cause yet again this year. Speaking to Prensa Latina regarding the upcoming vote in the UN General Assembly on Cuba’s resolution seeking an end to the blockade, scheduled for October 27, the diplomat noted both his country’s and the world’s condemnation of the economic, commercial and financial sanctions imposed for over half a century on the island.

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Production of crude oil reaches 1 million tons in western Cuba

Cuba petroleo

Cuba’s Western Oil Drilling and Extraction Enterprise reached 1 million tons of crude oil thus far this year, a result of investments undertaken and the use of new technology. The goal is now to reach the remaining 30,000 ton target by the end of December, as outlined in the company’s technical economic plan. Meeting this objective will see the company celebrate 16 consecutive years producing over 1 million metric tons of crude oil.