Spain and Cuba signed an agreement earlier this month to restructure Cuban debt, according to the Spanish ministry of economy. The ministry noted that medium and long term debts owed by Cuba totals 2.44 billion euros (US$2.81 billion) by the end of last October, and none of these amounts have been repaid. The agreements between … Read more
It is no wonder why the US yachting community has fallen in love with Cuba. After all, Cuba’s coastline is 40% longer than Florida’s and is largely undeveloped and unspoiled. In response, Cuba is planning a major expansion of its marinas. In light of the expected increase in recreational arrivals to Cuba (in large part … Read more
By Jess Sarmiento, NEA Public Affairs Director A month after the historic visit by President Obama, the first ever U.S. government cultural mission to Cuba arrived in Havana. I was fortunate to be a part of the delegation along with our NEA chairman, Jane Chu. From the Cuban people we met, to the government officials … Read more
Hollywood legend Robert De Niro became the latest newsmaker to visit Cuba this week. The actor’s trip got a wave of publicity following a visit to the landmark Havana restaurant La Guarida, which posted photos of De Niro’s visit to its Facebook page. And it wasn’t the only visit by De Niro to the restaurant … Read more
It’s increasingly clear that Cuba is a destination that appeals to the luxury demographic in the United States. And now there’s another new way to take an authorized luxury trip to the island. Luxury operator Ker & Downey is now offering customizable private people-to-people journeys to Cuba. The tours include a private car and driver, … Read more
Cuba is planning a major expansion of its marinas. In light of the expected increase in recreational arrivals to Cuba (in large part from the United States), the business group Boating and Marinas Marlin SA is promoting foreign investment proposals aimed at creating new facilities and expanding those in existence. According to Business Director Ramiro … Read more
Cuba announced yesterday the next step in its economic transition by allowing private businesses to have legal status. Previously, the communist government permitted individuals to operate as self-employed workers under several hundred clearly-defined roles such as taxi driver. The latest announcement will likely take months to become law. “Private property in certain means of production … Read more
The ocean race started in 1961 and has continually run every other year since. One of the oldest offshore races on the calendar, The Pineapple Cup – Montego Bay Race will be the 33rd edition of the venerable 811 nautical mile race. Immediately after the start, racers cross the Gulf Stream for the Northwest Providence Channel. The … Read more
Fathom, the pioneer in social impact travel, today announced that Ashoka, the largest network of social entrepreneurs worldwide, has developed select onboard programming for sailings to the Dominican Republic and Cuba. Together, Fathom and Ashoka have created a replicable travel experience that enables travelers to practice changemaking, and discover their own potential to create positive … Read more
The first photovoltaic solar park in the province of Sancti Spiritus has begun operations. The 2.5-hectare park is located in the area known as La Sierpe Vieja, and contains 525 solar panel modules for peak Megawatt production. According to engineer Jorge Armando Cepero, the project aims to raise the efficiency of electricity generation and distribution … Read more
