At the Economist Events’ first Cuba Summit in the US, Economist editors, business and policy leaders, and industry experts will analyze Cuba’s changing economic, social and political future. Foreign businesses operating in Cuba face many restrictions preventing them from responding quickly to emerging opportunities. The shift in U.S.-Cuban relations promises to give a further boost … Read more
Last week, first ever bilateral UAE-Cuba Investment Forum in Abu Dhabi highlighted the opportunities for investment in the Cuban economy. It was the culmination of a week-long program for a group of senior Cuban Government officials and businessmen led by Rodrigo Malmierca Diaz, Cuba’s Minister of Foreign Trade and Investment. The Cuba group also visited … Read more
According to a Reuters report, Cuba-Petroleo (Cupet) plans to contract with foreign firms to drill exploratory wells as deep as 7,000 meters (23,000 ft) in waters of up to 3,000 meters. “We will initiate a drilling campaign at the end of 2016 or the start of 2017,” Osvaldo Lopez, Cupet’s head of exploration, told Reuters … Read more
According to a report by Reuters, Cuba’s government is responded to a liquidity shortage by cutting imports and extending credit terms with trading partners. The effects of a severe drought and low commodity prices are the culprits in the latest challenge for the struggling island nation. Cuba is dependent on both exports of commodities and … Read more
By Alexander Britell HAVANA — It’s the most famous hotel in Havana: the Nacional, the one where Frank and Mickey and Ernest used to stay from time to time. Now, like much of Cuba’s hotel product, it’s a paean to another time, tour groups mingling with ghosts. And while the Hotel Nacional has some of … Read more
According the French publication Air Journal, Air China will begin flying to Havana from Beijing at end of December in a continuation of an existing flight to Montreal. Air China is the first Chinese airline to fly to Cuba. The Cuban capital will be its ninth destination in North America after New York-JFK, Los Angeles, … Read more
By the Cuba Journal staff United States Secretary of Commerce Penny Pritzker arrived in Cuba on Monday for a high-level visit. Pritzker is just the second US Cabinet official to visit Cuba in more than a half century, following US Secretary of State John Kerry’s recent visit. On Tuesday, Pritzker was set to co-chair a … Read more
By the Cuba Journal staff Air France is ramping up its service from Paris to Havana, the carrier announced this week. The expansion will mean up to three additional flights between Charles de Gaulle and Jose Marti airports beginning this summer. From late March to mid-May, Air France will operate 10 weekly flights between Paris … Read more
The path to investing in Cuba is as colorful as the island nation’s history. For Americans, in particular, one needs to sort through all the various US sanctions before evaluating Cuba’s own complex rules and restrictions. And for non-Americans, the US Helms-Burton Act provides for severe penalties for tripping up this law – in fact, … Read more
More flights to Cuba By the Cuba Journal staff JetBlue continues to add more charter flights to Cuba. The New York City-based carrier announced Monday that it had expanded its partnership with Cuba Travel Services, with plans to launch a second nonstop flight between New York and Havana. The expansion comes after the US further … Read more
