CUBA BUSINESS SECTION - Havana Journal
Press Release
The Cuba Study Group today published a whitepaper in collaboration with the Americas Society/Council of the Americas and the Latin America Initiative at the Brookings Institution entitled “Empowering the Cuban People Through Technology: Recommendations for Private and Public Sector Leaders.”
The document outlines comprehensive U.S. policy recommendations aimed at facilitating greater access to technology and telecommunication devices in Cuba.
Over 50 IT and telecom executives and other experts contributed to the drafting of these recommendations as part of…
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Rob Sequin | Havana Journal
Cuba’s centrally controlled and secret economy is throwing off signs that it cannot sustain its economy for much longer.
As we have seen, many countries around the world have suffered crippling debt crises so Cuba, a country that chooses not to participate in the World Monetary Fund or World Bank, has no access to credit and limited foreign investment and exports. Of course the good Communists here at the Havana Journal will blame capitalism for the debt crisis and probably say that since Cuba is a Communist country that they don’t have a debt…
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Rob Sequin | Havana Journal
We covered FIHAV 2009.
Here is the translated text from the invitation to the International Fair of Havana.
Dear Businessman,
The Organizing Committee of the International Fair of Havana has the pleasure to invite you to participate in its 27th edition that will take place from November the 2nd through the 7th of 2009 at EXPOCUBA.
FIHAV has established itself as the most interesting exposition meeting for companies and business men from all over the world that in a way or the other are commercially linked with Cuba.…
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Rob Sequin | Havana Journal
We have compiled a list of Cuba business and trade related organizations in Cuba and in the United States.
Any business with plans for doing business in Cuba should get to know people in these organizations.
There are many obstacles to success on the US side and of course in Cuba as well.
Most businesses waste LOTS of time and money in Cuba and most businesses lose money on their Cuba related venture.
Cuba…
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Julian Aguila | Texas Tribune
Texas is poised to become the nation’s leading trade partner with communist Cuba after the Port of Houston Authority gained permission for its container vessels to sail to the island nation.
Trade experts are confident that Texas will be now able to carve out for itself a larger slice of the United States’ total trade with Cuba, which was estimated at $521 million in 2009, down from $710 million in 2008. Last year, $85 million dollars in goods was sent to Cuba from Texas, a distant second to Louisiana’s $241 million. Parr…
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By Marc Frank | Reuters
Communist Cuba is turning over hundreds of state-run barber shops and beauty salons to employees across the country in what appears to be the start of a long-expected revamping of state retail services by President Raul Castro.
The measure marks the first time state-run, retail-level establishments have been handed over to employees since they were nationalized in 1968.
Barbers and hair dressers in telephone interviews from a number of cities during the weekend said they would now rent the space where they work and pay taxes instead of receiving a monthly wage.
Those employees who…
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Rob Sequin | Havana Journal
Speculation has it that the Ministry of Sugar (MINAZ) will be closed in the near future and be replaced by a centrally controlled, state run corporation according to sources talking with Reuters.
The sugar industry was a big source of revenue for Cuba until 1992. This is the most severe reorganization since the industry was drastically downsized in 2002.
The Ministry of Sugar is the body responsible for directing, implementing and monitoring sugar cane cultivation and the processing of sugar cane and its derivatives.
Plans to create the new sugar corporation and revitalize the…
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By | Bloomberg
The U.S. House of Representatives may pass a bill next month that would cut restrictions on agricultural exports to Cuba and lift a ban on travel to the island, the measure’s sponsor said.
Congressman Collin Peterson, chairman of the House Agriculture Committee, said he needs backing from one more lawmaker to assure the panel will pass the legislation. He expects to secure that pledge after Congress’s Easter recess, and for the measure to get approval by the full House.
“Cuba used to be one of our big markets,” Peterson, a Minnesota Democrat, said…
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Rob Sequin | Havana Journal
State run newspaper Granma reported that Cuba will close at least one hundred “inefficient” government run farms and move approximately 40,000 government workers to other jobs.
Agriculture Minister Ulises Rosales made the announcement at a meeting of the National Association of Small Farmers in Santa Clara Villa Clara.
He claimed that the farms are unsustainable in the current economy.
Cuba imports about eighty percent of the food consumed by its eleven million people at an annual cost of several billion dollars.
The government run newspaper stated that the farms cannot be maintained due…
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John McAuliff | Fund for Reconciliation and Development
The US House of Representatives Agriculture Committee is having a hearing regarding US food sales to Cuba.
Thursday, March 11th - 1:00 p.m.
1300 Longworth House Office Building
Washington, DC
Full Committee on Agriculture - Public Hearing
RE: To review U.S. agricultural sales to Cuba
WITNESS LIST
Panel I:
Mr. Bob Stallman, President, American Farm Bureau Federation, Washington, D.C.
Mr. Roger Johnson, President, National Farmers Union, Washington, D.C.
Panel II:
Mr. Mike Wagner, Rice Producer and Owner/Operator…
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