Discovered by Christopher Columbus in the 15th century, Cuba and the Dominican Republic (DR) share a history unlike any other in the world – and the similarities extend into common economic characteristics that today make them the topic of much discussion about how the future will unfold as Cuba’s re-integration into the global economy gathers … Read more
T-Mobile today announced it has signed an interconnect and roaming agreement with Empresa De Telecomunicaciones De Cuba, S.A. (ETECSA), the Cuban telecommunications company. The new deal enables the “Un-carrier” to do its part to open communications between the U.S. and the island nation, delivering more affordable voice calling for customers who want to keep in … Read more
The Cuba Investment Forum – to be held in Ft. Lauderdale on May 12th – promises to be the most timely and informative Cuba investment conference of the year. US-Cuba relations have improved dramatically in the last 18 months, but the US embargo against Cuba remains in place. Most transactions between the US, or persons … Read more
By Simons Chase Argentina defaulted on more than $80 billion of debt in 2001, the largest sovereign default at the time. For three months in 2012, the three-masted Libertad, an Argentine naval ship and the flagship of her fleet, was detained in Ghana following legal action by US-based hedge fund, Elliot Capital Management, as it … Read more
Cuba has a number of non-tariff measures, institutional and infrastructural factors, and other barriers that affect the ability of foreign partners to trade with or invest in the country. Some of these factors are possible barriers because they are not yet faced by US firms, due to the limited involvement of US firms in the … Read more
In a sign of commitment to Cuba’s ongoing economic transformation, Denmark’s Maersk Line launched a direct Cork to Cuba container shipping service linking Northern Europe and Cuba. The service will call at the Special Economic Zone in Mariel port, about 25 miles from Havana along with a weekly feeder service to Santiago de Cuba. The first … Read more
Frank Del Rio visited Cuba last year for the first time in 54 years, he told an audience at Travel Weekly’s 2015 CruiseWorld. He is the only one of the major cruise company CEOs born in Cuba, having immigrated to the US in 1961 following the events surrounding the Bay of Pigs debacle. “There may … Read more
Citing improved relations between Cuba and the US, Meliá Hotels recently reported impressive 2015 financial performance from its Cuba revenue base of $435.4 million (management revenue included €19.5 million generated by third-party hotel management in Cuba). The Spanish hotel company was one of the first foreign hotel companies to begin operations in Cuba after the … Read more
In the event that U.S. restrictions on trade with Cuba are lifted, Cuban demand for construction and agricultural machinery is likely to provide U.S. producers of such machinery with significant export opportunities in the near term. Cuba is currently upgrading its infrastructure in most areas and is working to increase the country’s agricultural productivity. Cuban … Read more
Cuba’s National Plan for Economic and Social Development, featured at the 7th Congress of the ruling Communist Party, plans to create at least 108,000 new tourist lodgings in the next 15 years or so. According to official sources in Cuba, Tourism Minister Manuel Marrero announced that the project has already picked the possible locations for … Read more
