Archivo de Economy and Business

Archivo Economy and Business

Photo: Courtesy of the hotel

Paseo 206 Boutique Hotel: An Embrace of Exclusiveness and Exquisiteness

There are places that shy away from classifications at a distance, which are an invitation to discover their exquisiteness based on personal experience. They encourage unique perceptions, they meet the most rigorous tastes. Havana has the Paseo 206 Boutique Hotel. … Continued

Por en Economy and Business

The Marina, Norwegian Cruise Line Holdings’ first ship to travel to Havana. Photo: Claudio Peláez Sordo.

Norwegian: “The trips to Havana have been a homerun”

Cuba has become a star destination for Norwegian Cruise Line Holdings. The U.S. company, one of the world’s most important in the cruise business, revealed its financial results in the second quarter of 2017, and the itineraries to the largest … Continued

Por en Economy and Business

Ricky W. Kunz, chief commercial officer of the Port of Houston Authority (left) and Captain José Joaquín Prado Falero, general director of Cuba’s Maritime Administration, signing the Memorandum of Understanding. Photo: Ernesto Mastrascusa / EFE.

Port Houston breaks ice with Cuba

The Port of Houston Authority last week signed in Havana a Memorandum of Friendship and Commercial Cooperation with the Cuban maritime authorities. It is the first bilateral agreement at this level since President Donald Trump’s announcements last June.

Por en Economy and Business

Photo: Alejandro Ernesto / EFE

Handing over of licenses for private work in Cuba suspended

The Cuban government temporarily suspended the handing over of licenses for a group of private work activities, officially called self-employment. The measure forms part of “a systematic process of checking and perfecting, geared at correcting deficiencies,” reported the island’s First … Continued

Por en Economy and Business

The Norwegian Sun will start sailing to Havana in 2018. Photo: Maritime Connector.

Norwegian betting strong on Cuba

Norwegian Cruise Line is seeking to consolidate itself in Cuba. Despite the new Trump administration policy toward the island, the U.S. cruise line announced the expansion of its Cuban itineraries with the incorporation of a new ship. The Norwegian Sun, … Continued

Por en Economy and Business

Vedado, Havana. Photo: Claudio Pelaez Sordo.

New OFAC clarifications on Trump’s Cuba policy

The U.S. Department of the Treasury has updated its list of clarifications about the new Cuba policy. What was announced by President Donald Trump last June jeopardizes the regulations of that government agency and the Department of Commerce. A list … Continued

Por en Economy and Business

Baracoa after Matthew. Photo: Denise Guerra.

Matthew’s damages in Cuba totaled 97.2 million dollars

Hurricane Matthew, which crossed Cuba’s eastern tip in October 2016, caused 97.2 million dollars’ worth of damages, turning it into the third most devastating cyclone that has hit the island in the last decade, only behind Ike (2008) and Sandy … Continued

Por en Economy and Business

Photo by Tom Kluyskens / pinterest.se

More than 880,000 homes needed in Cuba

Cuba registered a deficit of more than 880,000 homes at the end of 2016, according to what was reported to the National Assembly (Parliament) by Vivian Rodríguez, general director of housing of the Ministry of Construction. In her report, Rodríguez … Continued

Por en Economy and Business

Photo: Engage Cuba

Cuban private entrepreneurs present recommendations to Trump

Eight Cuban private entrepreneurs, gathered yesterday in Washington, sent recommendations to the Trump administration. In the context of the harshening of the administration’s policies toward Cuba, these representatives of the emerging Cuban private sector sent a letter to the Department … Continued

Por en Economy and Business

Raúl Castro addresses the first regular meeting of the National Assembly of People’s Power. Friday July 14, 2017, Havana. Photo: Marcelino Vázquez / EFE.

Raúl Castro: autonomous work will not back down or stop

Raúl Castro affirmed last Friday that “stigmas or prejudices” will not be allowed regarding self-employment on the island and asked the incipient private sector to respect the laws and comply with its tax-paying obligations. The Cuban president pointed out in … Continued

Por en Economy and Business

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