Archivo de Economy and Business

Archivo Economy and Business

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Cuba-U.S.: Insurance companies hold talks in Havana

The president of the U.S. Chamber of Commerce (USCC), Thomas Donohue, and Cuban Minister of Finances and Prices (MFP) Lina Pedraza this Friday held a working meeting  in Havana. Directors of Cuban insurance companies and the U.S. Starr Insurance Holdings, … Continued

Por en Economy and Business

Cuban charcoal maker. Photo: Alejandro Ernesto (EFE)

Marabú charcoal, first Cuban product to be exported to U.S.

It wasn’t cigars, or rum, or coffee. The first product that Cuban state-run entities will export to the United States in 50 years will be marabú charcoal, which is produced on the island in a artisanal way. An agreement signed … Continued

Por en Economy and Business

Foto: Paul J. Richards / GETTY.

OFAC removes sanctions on Cuba’s commercial intermediaries

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) removed the sanctions on 28 enterprises and persons that acted as commercial intermediaries of the Cuban government. The measure allows these entities and individuals to again do business on U.S. … Continued

Por en Economy and Business

Photo: Abel Padrón Padilla

Alaska Airlines starts commercial flights to Havana

This January 5 the U.S. Alaska Airlines company initiated its commercial flights to Havana, a destination that will have daily flights from the city of Los Angeles to José Martí International Airport. According to statements by Francisco Albiter, general director … Continued

Por en Economy and Business

Photo: Miguel Ángel Romero

Can the Cuban economy grow 2 percent in 2017?

President Raúl Castro said so himself on December 2015, and later during the second session of the National Assembly in June 2016: that the year that has just closed would be the worst of the last five years in terms … Continued

Por en Columns, Counterbalance, Economy and Business

Photo: Alain L. Gutiérrez Almeida

OnCuba Suggests

Of the many gastronomic and recreation spots coexisting in the city nowadays, OnCuba recommends two that stand out for their interesting and well-thought-out proposal to enjoy with friends and relatives, even better in this beautiful time of the year. Melen … Continued

Por en Economy and Business

Photo courtesy of Havana Club International.

Havana Club 7 years: a Cuban bottle

Havana Club 7 years (HC7) is a part of Cuba that can be taken anyplace. It conserves the flavor and the original traditions of rum making. A change in the image of this product that starts with the very bottle … Continued

Por en Economy and Business

Eric Schmidt, executive president of Google, and his ETECSA counterpart, Mayra Arevich Marín, after the signing of the agreement by both companies. Photo: Radio Rebelde.

Google and ETECSA sign agreement: enhancing access to Internet

Google and the Cuban Telecommunications Company (ETECSA) signed this Monday an agreement that will enhance the services of the information giant on the island. The agreement will allow Cuban netsurfers to decrease the time for access to the search contents, … Continued

Por en Economy and Business

Photo: Ismario Rodríguez Pérez

Brookings Institution takes close look at Cuban tourism sector

“Cuba would have to invest roughly $33 billion over 15 years to 2030 to achieve these targets of 10 million tourists,” the Brookings Institution, a U.S. think tank, estimated recently in a report that takes a careful look at the … Continued

Por en Economy and Business

From left to right, Carlos Cristóbal, owner of the paladar San Cristóbal; Niuris Higuera, from Atelier; and Enrique Núñez del Valle, from La Guarida, Cuban entrepreneurs who signed the letter to Trump. The photo was taken during the meeting between Cuban entrepreneurs and President Obama during his visit to Havana in March 2016. Photo: Alain L. Gutiérrez Almeida.

Cuban entrepreneurs urge Trump to maintain Obama’s policy

This Wednesday more than 100 Cuban entrepreneurs sent a letter to Donald Trump urging him to maintain the policy of the Obama administration to increase economic relations with the island. The letter, signed by these small Cuban entrepreneurs, argues that … Continued

Por en Economy and Business

Art OnCuba 13

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