News and Facts about Cuba

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Should U.S. Companies Hit ‘Pause’ on Doing Business in Cuba?

Should U.S. Companies Hit ‘Pause’ on Doing Business in Cuba?
Apr 20, 2017

President Trump’s government has yet to reveal its hand on the issue of
reconciliation with Cuba. There had been a lot of progress towards
greater ties following President’s Obama’s overtures in December 2014:
Some cooperation agreements were signed – particularly in aviation and
communications — and Google… Continue reading

What the Future Holds for U.S.-Cuba Relations

What the Future Holds for U.S.-Cuba Relations
Apr 11, 2017 Latin America North America

When the Obama administration reestablished U.S. diplomatic relations
with Cuba in December 2014, many experts predicted that it would bring a
flood of new money to the island, transforming its economy and political
culture for the better. Almost two-and-a-half years later, U.S. trade
with Cuba continues… Continue reading

GAESA Traps the ‘Wonder City’ in its Tentacles

GAESA Traps the ‘Wonder City’ in its Tentacles
PABLO PASCUAL MÉNDEZ PIÑA | La Habana | 24 de Marzo de 2017 – 10:51 CET.

Parodying Eusebio Leal Spengler’s TV show, I resolve to “walk Havana” to
verify that at the intersection of the streets Zulueta and Teniente Rey
workers of the Unión de Construcciones Militares (UCM) and the French
construction… Continue reading

Cuba official – Mich. could be trade partner, investor

Cuba official: Mich. could be trade partner, investor
Charles E. Ramirez, The Detroit News 3:17 p.m. ET March 21, 2017

Detroit — Michigan and Cuba could be great business partners, Cuba’s
ambassador to the U.S. said Tuesday.

“I think (like Cuba,) your main asset here is the people,” José Ramón
Cabañas Rodríguez said after his keynote address to the Detroit… Continue reading

A Year After Obama’s Visit, Cubans Feel Disillusioned With His Legacy

A Year After Obama’s Visit, Cubans Feel Disillusioned With His Legacy /
14ymedio, Luz Escobar

14ymedio, Luz Escobar, 19 March 2017 – It rained when the presidential
plane touched down on the tarmac at Havana’s Airport. On 20 March 2016,
Barack Obama began a historic visit to the island that awakened hopes
and sparked questions. One year after that visit,… Continue reading

Meet the Entrepreneurs Breaking Into This Long-Forbidden Market

Meet the Entrepreneurs Breaking Into This Long-Forbidden Market
Less than 100 miles south of Key West sits a socialist country forbidden
from doing business with the U.S. for 57 years. Now it’s on the brink of
being opened to American entrepreneurs. Meet the ones hoping to cash in
first.
By David Whitford

The Friday before Halloween, Josh Weinstein was set… Continue reading

Is Cuba Heading Towards Virtual Annexation to the US?

Is Cuba Heading Towards Virtual Annexation to the US? / 14ymedio, Pedro
Campos

14ymedio, Pedro Campos, Miami, 28 January 2017 — Guided by the current
political-military leadership, the Cuban economy could be heading
“without pause, but without haste*” towards virtual annexation to the
United States.

There would be no Platt Amendment, nor Marines landing on any Cuban
beach, no any… Continue reading

Cuban American lost his business bid after obtaining permanent residence in Cuba

Cuban American lost his business bid after obtaining permanent residence
in Cuba
rkoltun@miamiherald.com
BY NORA GÁMEZ TORRES
ngameztorres@elnuevoherald.com

Saul Berenthal was to become the first Cuban American investor on the
island with a plan to assemble tractors to help small farmers. But his
full embrace of his Cuban roots backfired.

The tale of Cleber LLC, a U.S. company that wants… Continue reading

4 workers killed in Cuba bridge collapse

4 workers killed in Cuba bridge collapse
The victims, employees of the Moa Joint Venture, were repairing a
municipal bridge near Sherritt’s Moa nickel mine
Andrew Topf

Tragedy struck Canadian company Sherritt (TSX:S) on Tuesday, with news
that a bridge collapsed, killing four workers.

The employees were repairing a bridge that crosses a shallow river and
links the port of… Continue reading

Cuba is reaching out to the world for foreign investors

Cuba is reaching out to the world for foreign investors
BY MIMI WHITEFIELD
mwhitefield@miamiherald.com

For $2.5 million, a foreign investor can help create an international
equestrian club in the Province of Havana or plunk down $10 million to
create a network of eco-lodges across the island with a Cuban partner.

For an estimated investment of more than $15 million, the… Continue reading

Cuban-focused oil company MEO Australia reinvents itself as MelbanaEnergy

Cuban-focused oil company MEO Australia reinvents itself as Melbana Energy
As of Tuesday, MEO Australia will start doing business as Melbana Energy
Ltd.
By Daniel J. Graeber | Nov. 7, 2016 at 6:03 AM

MELBOURNE, Nov. 7 (UPI) — A company formerly known as MEO Australia
said it would start trading under a name that better reflects its focus
on… Continue reading

Cuba, Unilever start work on joint soap and toothpaste factory

Cuba, Unilever start work on joint soap and toothpaste factory
By Sarah Marsh | HAVANA

Communist-ruled Cuba and global consumer products company Unilever Plc
(ULVR.L) on Friday started work on their new $35 million soap and
toothpaste factory, a joint venture in the Mariel special development
zone west of Havana.

The factory, due to begin production in 2018, reflects a… Continue reading

Cuban oil explorer lifted by easing U.S. sanctions

Cuban oil explorer lifted by easing U.S. sanctions
MEO Australia is one of the few foreign companies working in the Cuban
energy sector.
By Daniel J. Graeber | Oct. 18, 2016 at 5:40 AM

MELBOURNE, Oct. 18 (UPI) — One of the few foreign energy companies
working in Cuba said the momentum is moving in its favor as the U.S.… Continue reading

Cuba’s Hotel Challenges – A Guide to All the Projects in Process

Cuba’s Hotel Challenges: A Guide to All the Projects in Process
Claire Boobbyear, Skift – Sep 06, 2016 6:00 am

Although Cuba won’t say it, the country is ill-prepared for the influx
of new visitors and the necessary development.
— Jason Clampet
The surge in visitors to Cuba, brought on by the December 2014 detente
between the island and the… Continue reading

Foreign Construction Workers in Cuba

Foreign Construction Workers in Cuba
September 3, 2016
Why is the Cuban government importing skilled workers for jobs that
Cuban residents could do?
By Cubaencuentro

HAVANA TIMES — In an interview architect Alexander Machado Garcia,
director of Investments at the Cuban Ministry of Economy and Planning,
pointed out:

“Along with favoring the participation of independent workers and
non-agricultural cooperatives, which… Continue reading

Moscow Does Not Fit In A Suitcase

Moscow Does Not Fit In A Suitcase / 14ymedio, Luz Escobar

14ymedio, Luz Escobar, Havana, 25 August 2016 – For decades visiting
Moscow was the golden dream, but only the most trusted could enjoy a
stay in the Soviet Union. From these trips to the “godmother nation”
they returned with suitcases filled with products unavailable in Cuba.
Today, some take… Continue reading

Cuba seeks investors to boost clean, renewable energy

Cuba seeks investors to boost clean, renewable energy
Source: Xinhua 2016-08-21 05:57:31

HAVANA, Aug. 20 (Xinhua) — Cuba is set to hold its first Energy &
Infrastructure Summit in an effort to boost clean and renewable energy
sources and cut down on fossil fuels, local media reported on Saturday.

Conrado Moreno, a member of the organizing committee, told state-run
Radio… Continue reading

Cuban oil surveys progressing

Cuban oil surveys progressing
MEO Australia Ltd. views Cuba as a core component of its portfolio.
By Daniel J. Graeber | Aug. 15, 2016 at 6:47 AM

MELBOURNE, Aug. 15 (UPI) — A study assessing the resource potential for
parts of Cuba is progressing as planned and quickly becoming a key
portfolio component, MEO Australia said.

The Australian company said… Continue reading

In Cuba, seedlings of capitalism

In Cuba, seedlings of capitalism
Updated: AUGUST 11, 2016 — 12:53 PM EDT
by Michael Smerconish, Inquirer Columnist

Entrepreneurship might seem like an odd word to associate with Cuba, but
it seems increasingly apt, given the individuals I met during a week
traveling the island. From the tobacco fields three hours outside of
Havana to downtown restaurants that rival the… Continue reading

Controversy erupts over workers from India building Cuban hotel

Controversy erupts over workers from India building Cuban hotel
NORA GÁMEZ TORRES
ngameztorres@elnuevoherald.com

Cuba’s approval for a French company to import Indian workers to build a
Havana hotel has been met with disbelief, anger and complaints about a
policy that usually requires foreign companies to hire local workers
through state labor agencies

About 200 workers from India hired by the… Continue reading

Sherritt Announces Successful Start-Up of New Moa Joint Venture Acid Plant

Sherritt Announces Successful Start-Up of New Moa Joint Venture Acid Plant
July 19, 2016
TORONTO, ON–(Marketwired – July 19, 2016) –

Sherritt International Corporation (“Sherritt” or the “Corporation”)
(TSX:S.TO) announced today that the third acid plant at the Moa Joint
Venture (50% interest) in Cuba is in commissioning and has begun
producing sulphuric acid. The 2,000 tonne per day plant… Continue reading

Rose Petroleum updates on Cuba tendering round

Rose Petroleum updates on Cuba tendering round
By StockMarketWire | Mon, 4th July 2016 – 07:44

Rose Petroleum said Rose Gypsum has been selected from a number of
tendering companies to exclusively proceed into the detailed
negotiations phase of a gypsum transaction in Cuba.

Rose Gypsum has been selected on the grounds of its technical and
professional expertise, following its… Continue reading

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