According to reports, the White House has stepped up efforts to secure deals for U.S. companies seeking to get established in Cuba. What’s at stake is a potential reversal of President Obama’s detente with Cuba in the wake of threats by President-elect Trump to reverse the policy of engagement with the island nation. General Electric, … Read more
Trade and commerce are the focus in Obama’s most recent relaxing of rules pertaining to doing business in Cuba. Bolstering trade and commercial opportunities and the growth of Cuba’s private sector are the main priorities of the Obama administration’s plan to make his changes “irreversible.” Export-related transactions the U.S Office of Foreign Asset Control (OFAC) … 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
by Cuba Journal staff “No one wants to miss the train,” said Herman Portocarero, the European Union’s ambassador to Cuba, as reported by Reuters. Last week Cuba hosted more than 75 Spanish companies including a delegation headed by Jose Manuel Soria, Spain’s minister of industry, energy and tourism; also attending were 140 Italian firms, joined … Read more
by Cuba Journal staff Don’t let the thrill of Cuba’a resurgence blind you to the risks of owning Cuban real estate because, if you are American, the options are narrow and risky. For starters, US citizens who buy property in Cuba would be violating the Trading With the Enemy Act passed by the U.S. Congress … Read more
By the Cuba Journal staff Philippe Pouletty had a proposal for a vaccine to treat chronic Hepatitis B. His idea was to work with the Cuban government to float a company on Euronext, with the government as shareholder, according to Reuters. But it’s a little too soon for these kind of “capitalist proposals,” as Pouletty … Read more
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
