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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

List of 201 legal occupations for small business entrepreneurs in Cuba

Posted in Cuba Business > Business In Cuba

Comprehensive listing of legal small businesses in Cuba occupied by “non-state” entrepreneurs called cuentapropistas. As seen in the Annex of Richard Feinberg’s detailed report on entrepreneurs in Cuba. 1. Accountant/Tax Preparation 2. Animal Caretaker 3. Animal Groomer 4. Animal… Read More

Richard Feinberg writes detailed report on entrepreneurs aka cuentapropistas in Cuba

Posted in Cuba Business > Business In Cuba

Richard Feinberg | Brookings A dynamic, independent private sector is rapidly emerging in Cuba and it is quickly absorbing workers laid off from the government and enlarging a growing middle class. Cubans are now opening bed and breakfasts, paladares, small retail shops and offering services in newly… Read More

Part 2 of the Special Development Zone at the port of Mariel Cuba

Posted in Cuba Business > Business In Cuba

continued from part 1 - 100 Questions and Answers about the Mariel Special Development Zone in English About the Development Fund 90. What is the Development Fund of the Zone? The dealers and users established in the area contribute to the formation of a fund for the maintenance of the office and maintenance… Read More

100 Questions and Answers about the Mariel Special Development Zone in English

Posted in Cuba Business > Business In Cuba

by Jesus V. Bu Marcheco from the University of Havana Recently created, the Special Development Zone of Mariel, located at the Port of Mariel, east of Havana, is called to meet the objectives of promoting increased infrastructure and activities to increase the exports, import substitution, the realization… Read More

Congressman supports efforts to bring Cuban diabetes medicine Heberprot-B to US

Posted in Cuba Business > Business In Cuba

By Marc Caputo | Miami Herald Havana Journal publisher comments in bold below. In a significant break with Cuban exile leaders, Miami Congressman Joe Garcia is supporting the efforts of a Havana research institute that wants U.S. approval to test and market a diabetes treatment in this country. Good… Read More

Leisure Canada now a defunct Cuba real estate development brand

Posted in Cuba Business > Cuba-Canada Trade

Rob Sequin | Havana Journal Going back to the mid 1990s, Leisure Canada, proclaimed to be the “leading real estate developer” in Cuba boasting about the development of luxury resorts in Cuba, with multiple properties under development, including five-star hotels and championship golf courses.… 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

Cuba’s Industrial Future seminar at Casa Bacardi October 9

Posted in Cuba Business > Business In Cuba

This event will be taking place on Wednesday, October 9, 2013, with a reception at 6:00 pm, and panel session from 6:30 pm to 9:00 pm.  The event will be held at: Casa Bacardi, 1531 Brescia Avenue, Coral Gables, FL 33146. Cuba’s Industrial Future Purpose: The Association of Cuban Engineers… Read More

Stephen Purvis writes about hypocritical foreign investment business in Cuba

Posted in Cuba Business > Business In Cuba

Letter received from Stephen Purvis of Coral Capital and posted at Economist.com Dear Editor, I enjoyed reading about my misfortunes in the Economist, albeit many months after publication and in the company of fellow inmates in the Cuban high security prison, La Condesa. I would ask you to correct the… Read More

Six World Shipping offer freight service and gift parcels to Cuba

Posted in Cuba Business > Cuba-US Trade

Rob Sequin | Havana Journal Six World Shipping is an Indirect Air Courier certified freight forwarder that offers air freight and sea freight services from the United States into Cuba. The company assists humanitarian, religious, non-profit, and diplomatic entities transport specific categories of items… 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

US based On Cuba magazine to open office in Havana

Posted in Cuba Business > Cuba-US Trade

Reuters The American magazine “On Cuba” recently received authorization from the Cuban government to set up a bureau in Havana and prepares the output of another trade publication dedicated exclusively to the visual arts of the island, reported today its editors. “On Cuba” is… Read More

Fuego Enterprises completes acquisition of Americas Group’s Cuba Business Enterprise

Posted in Cuba Business > Cuba-US Trade

Press Release Hugo Cancio, President and Chief Executive Officer of Fuego Enterprises, Inc., (OTC Pink: FUGI) announced today that Fuego has completed its acquisition of 51% of The Americas Group Cuba Business Enterprise LLC (TAGCBE) in exchange for shares of Fuego Enterprises, Inc. which are traded… Read More

Ripper Oil and Gas agrees to buy Cuba real estate developer Havana Resorts

Posted in Cuba Business > Cuba-Canada Trade

Press Release RIPPER OIL AND GAS INC. (TSX VENTURE:RYP.H) (“Ripper” or the “Company”) is pleased to announce that it has entered into a letter of intent (the “LOI”) accepted February 18, 2013, pursuant to which the Company has agreed to acquire all of the issued and… Read More

Former Alimport Cuba purchaing director Pedro Alvarez gives interview from Tampa

Posted in Cuba Business > Cuba-US Trade

Rob Sequin | Havana Journal In December 2010, news headlines announced the defection of Pedro Alvarez, former head of the Alimport purchasing authority and very prominent Cuban official who escaped Cuba three years ago, has kept a low profile in Tampa Florida. His first public statements that testify… Read More

Cuba still not doing well with foreign investment - Cienfuegos oil refinery as example

Posted in Cuba Business > Business In Cuba

(original title: Amid uncertainties, Cuba seeks funding for refinery expansion) By Jeff Franks | Reuters Cuba is looking for someone to finance a $6 billion expansion of its largest refinery, in the city of Cienfuegos, amid uncertainties about China’s role in the project and the future of its close… Read More

Real estate group Point 2 Cuba lists homes for sale in Cuba

Posted in Cuba Business > Business In Cuba

Rob Sequin | Havana Journal Havana Journal is proud to post this exclusive interview with the co-founder of a new real estate group in Havana, Point 2 Cuba. Point 2 Cuba was created by a group of young entrepreneurs following the changes in real estate law in Cuba in November 2011 that legalized the… Read More

Golf course development projects dry up in Cuba

Posted in Cuba Business > Business In Cuba

Rob Sequin | Havana Journal Seems as though ALL golf course development projects in Cuba have come to a complete stand still. There is not even any hype of development let alone announcements of any development deals. Of course this means Cuba is FAR FAR away from breaking ground on any new golf courses… Read More

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