By the Cuba Journal staff Stephen Ross may be most famous of late for his ownership of the Miami Dolphins. But he remains one of the United States’ major real estate developers as the chairman of The Related Companies. And while Ross recently visited Cuba, he said he wouldn’t be rushing to pump money into … Read more
Above: Havana By the Cuba Journal staff Tourist arrivals to Cuba from this destination are growing faster than anywhere else. No, not the United States — at least not yet, although tourism from America is reportedly up by 36 percent. It’s Venezuela, which is sending 83.4 percent more visitors to Cuba this year than in the … Read more
Filling the vacuum left by the unmendable rift between Cuba’s iron ideology and its now tangible economic and political outcome is a group of dedicated US entrepreneurs with a mission to change the lives of millions of Cubans. Dabbling in the DNA of the island nation’s economy – and its culture – in its formative … Read more
Yesterday the State Department confirmed that the Cuba government is seeking to establishing a banking relationship with a US bank. Today, we have learned that bank is South Florida-based Stonegate Bank. “We hope this is the initial step to normalize banking ties between the two countries, which will benefit American companies wanting to do business … Read more
Above: Varadero Beach in Cuba By Cuba Journal Cuba’s tourism sector is surging so far in 2015, according to the newest data from the country’s National Statistical Office (ONE). The Caribbean island received 995,670 international tourists in the first quarter of 2015, up 14.2 percent from the same period in 2014. The biggest increases came … Read more
While President Obama has started the process to remove Cuba’s designation as a State Sponsor of Terrorism, other immediate changes to the US’s Cuba sanctions policy are already having an impact. On January 15, the US Treasury Department and US Commerce Department issued amendments to the Cuban Assets Control Regulations (CACR) and the Export Administration … Read more
