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Port of Mariel information from Cuba Foreign Trade magazine

Posted in Cuba Business > Cuba-World Trade

Excerpted from Cuba Foreign Trade magazine, a publication of the Cuba Chamber of Commerce A Strategic Project for Cuban Foreign Trade The Special Development Zone Mariel (ZEDM), is expected to be the main port of entry and exit for Cuban foreign trade and a major development pole located in the center… Read More

Russia forgives WHOPPING $29 Billion of Cuban debt with commentary

Posted in Cuba Business > Cuba-World Trade

Reuters news article with commentary by Havana Journal publisher IN CAPS BELOW MERRY CHRISTMAS CUBA. Russia and Cuba have quietly signed an agreement to write off 90 percent of Cuba’s $32 billion debt to the defunct Soviet Union, a deal that ends a 20-year squabble and opens the way for more investment… Read More

Cuba goes live with website to promote Mariel Special Development Zone

Posted in Cuba Business > Cuba-World Trade

Rob Sequin | Havana Journal The Cuban government has recently been promoting the new “special development” business and trade zone at the port of Mariel, just west of Havana. The government has been going to countries such at Russia, China and Brazil to explain the opportunities offered by… Read More

Herzfeld Caribbean Basin CUBA Fund annual report with commentary on Cuba business

Posted in Cuba Business > Cuba-World Trade

Letter to Stockholders from Thomas J. Herzfeld Chairman, President and Portfolio Manager of the Herzfeld Caribbean Basin Fund dated July 31, 2013. Dear Fellow Stockholders: We are pleased to present our Annual Report for the period ended June 30, 2013. On that date, the net asset value of The Herzfeld… Read More

Association for the Study of the Cuban Economy conference program and papers

Posted in Cuba Business > Cuba-World Trade

The Association for the Study of the Cuban Economy (ASCE) has released the conference program and links to dozens of Cuba papers on specialized topics as seen later in this article. The event is held every August in Miami. The information below is from their August 2012 conference. The preface by President… Read More

Esencia’s Havana Energy begins Cuba biofuel joint venture project

Posted in Cuba Business > Cuba-World Trade

Rob Sequin | Havana Journal With no announcement by the Cuban government that I found, Havana Energy CEO Andrew Macdonald announces a $50million investment in a Ciro Redondo sugar mill. This is believed to be one of the largest foreign investment deals in Cuba in recent years. He is seen walking through… Read More

Foreign Direct Investment in Cuba seminar

Posted in Cuba Business > Cuba-World Trade

What Roles for Foreign Direct Investment in the New Cuban Economy? Today’s ailing Cuban economy is marked by high labor costs, low wages and small inflows of foreign investment. In 2011, under President Raúl Castro’s leadership, the government started instituting reforms to open the economy. Positive… Read More

China helping Cuba to upgrade and expand cargo and tanker fleet

Posted in Cuba Business > Cuba-World Trade

Rob Sequin | Havana Journal China is investing in the development of Cuba’s commercial shipping fleet by agreeing to build ten 45,000 ton ocean vessels over the next several years. Four have already been delivered to Cuba. Six more will be delivered to the soon-to-be-opened container terminal port… Read More

China to invest in (give) Cuba even more money

Posted in Cuba Business > Cuba-World Trade

AFP original title: China, Cuba to intensify trade as Havana meets debt payments Comments by Havana Journal publisher in bold Cuba will intensify its economic ties with China no interest loans, having met payments on its debt with Beijing paying pennies on the yuan, its second largest trade partner sugar… Read More

You STILL want to invest time and money in Cuba? You will loose both

Posted in Cuba Business > Cuba-World Trade

HJ Publisher comments… Original title: Foreign business in Cuba: Beware the dangerous embrace. People contact me on a regular basis saying they want to open a business in Cuba or invest in real estate there or try to export something etc etc. I hear it all the time. I have been fortunate to do… Read More

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