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Cuba Business and Economy News

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Updated: 3 hours 32 min ago

Cuba´s Minister of Economy presents Guidelines for the 2018 Plan

Fri, 2017-04-28 20:26
Summary:  After a brief evaluation of the behavior of the Economy Plan during the first quarter of this year, Ricardo Cabrisas, Cuba´s Minister of Economy and Planning, presented the proposal of guidelines for the elaboration of the Plan of the Economy and the Budget of the State for 2018, in which it was considered to consolidate and guarantee the continuity and sustainability of what was approved in the 2017 Plan. Image: 

Cuba suffers Losses Due to Irregularities in Foreign Trade

Fri, 2017-04-28 20:24
Summary:  The issue of economic damages caused to the country by irregularities in foreign trade operations returned to the agenda of the meeting of the Council of Ministers, this time with problems reported or identified during 2016. Image: 

Cuban province exports 21 thousand tons of charcoal a year to Europe

Thu, 2017-04-20 22:47
Summary:  Some 210,000 tonnes of charcoal shipped Ciego de Ávila to Europe in just over a decade with the aim of improving the Cuban economy and increasing financial capacity for industrial plans and agriculture. Image: 

New sausage production plant opens in Havana

Thu, 2017-04-20 22:15
Summary:  The Food Production Company (PRODAL), in this capital, has opened a modern sausage production plant, which makes possible to substitute imports and deliver a larger volume of food to the population. Image: 

A new line of refined Cuban rum to be on the market in May

Mon, 2017-04-10 22:10
Summary:  Ciego de Ávila Liquors and Beverages Company (EMBER) put into production a new line of refined rum, gold and silver dry, with the brand name La Palma, that will hit the shelves throughout Cuba next May. Image: 

Investments to upgrade dairy industry in Cuba underway

Wed, 2017-04-05 17:10
Summary:  The Ciego de Ávila Dairy Industry undertakes an investment process in the Base Business Unit (UEB) located in Morón, the investment aims at replacing and fixing its worn out equipment. Image: 

Cuban and Chilean Business Executives Sign Contract on Nickel

Wed, 2017-04-05 16:37
Summary:  Cuban and Chilean business executives signed on Tuesday in Havana a contract of the International Economic Association to begin a feasible study on the extraction of iron and chromium in the area of Nicaro in the province of eastern Holguin. Image: 

Cuba to use Russian desalination plants to fight drought

Wed, 2017-03-22 18:40
Summary:  The installment of portable desalination units in coastal towns is a way for the Russian federation to help Cuba palliate the negative effects of the drought hitting the island-nation. Image: 

E-banking a priority in Cuba to fight long queues

Wed, 2017-03-22 18:36
Summary:  The Cuban Banco Metropolitano will boost e-banking and other initiatives in order to improve services to the population, affected by the insufficient number of facilities it has in Havana city. Image: 

Havana Club International expands aged rum distillery

Mon, 2017-03-20 19:49
Summary:  The Havana Club International company is investing in the expansion of its aged rum distillery located in the Cuban municipality of San Jose de las Lajas. Image: 

Cuba will attend world largest computer expo

Mon, 2017-03-20 19:29
Summary:  The Cuban company SOLINTEL (acronym for Comprehensive Solutions for Communications) will participate in the CeBIT, the largest and most internationally represented computer expo, in Hanover, Germany. Image: 

Havana´s first luxury hotel furniture made by Cuban enterprise

Mon, 2017-03-20 18:32
Summary:  LUDEMA Furniture enterprise took over the production of about 3,500 articles from 171 assortments destined for the Manzana Kempinski Havana Grand Hotel, Cuba's first five-star plus luxury tourist facility. Image: 

Cuba will be at the 28th Lisbon Tourism Fair

Thu, 2017-03-16 16:33
Summary:  Cuba will be present at the 28th Lisbon International Tourism Fair BTL 2017, to take place March 15-19, as Portugal continues to be an important market of Cuba tourism. Image: 

First luxury hotel in Cuba to open this month

Fri, 2017-03-10 18:45
Summary:  The first five-star luxury tourist facility in Cuba, the Gran Hotel Manzana Kempinski La Habana, located in the area with the highest patrimonial value of the capital, will open this month. Image: 

Canadian company Sherrit to keep working with Cuba

Mon, 2017-03-06 16:37
Summary:  Canadian company Sherritt International Corporation criticized the US economic, financial and trade blockade on Cuba, praised its large nickel reserves and ratified that it will keep its investments in the country. Image: 

Dunhill cigarettes already selling in Cuba

Wed, 2017-02-01 17:28
Summary:  The Cuban-Brazilian joint cigarette company Brascuba has introduced the popular British Dunhill cigarette brand in the Cuban market, in another initiative to keep increasing and diversifying its local offer. Image: 

Intl. Habano Cigar Festival to take place in Havana

Wed, 2017-02-01 17:19
Summary:  The 19th International Habano Cigar Festival will take place February 27 to March 3rd in Havana with a large program of activities combining the knowledge about Habano cigars and the enjoyment by participants of the latest and exquisite products. Image: 

Cuba and Uganda look for ways to cooperate

Mon, 2017-01-23 19:12
Summary:  Uganda’s Minister of Agriculture, Animal Industry and Fishing, Vincent Bamulangaki Ssempijja and Cuba’s ambassador to that African nation, Antonio Luis Pubillones analyzed on Tuesday the current state of bilateral relations in particular in agriculture. Image: 

Cuban tourism expected to grow 4 percent in 2017

Thu, 2017-01-19 16:52
Summary:  Sources from the Ministry of Tourism (MINTUR) said Cuba expects to receive 4.2 million tourists in 2017, a four percent growth compared to last year. Image: 

Cuban scientists work hard to rescue coffee production

Thu, 2017-01-12 18:35
Summary:  Rescuing in Cuba the cultivation of coffee on scientific bases distinguishes, for more than a decade, the experts of the Agroforestry Research Institute of Villa Clara province. Image: