Tag: Cuba

Friday, March 28th 2014 - 08:01 UTC
Cuba ready to implement an ambitious foreign investment with generous tax breaks

Cuba's government has released further information on a proposed foreign investment law that will cut the profits tax in half and exempt investors from paying it for eight years in an attempt to attract capital into the communist economy.
Friday, March 21st 2014 - 01:20 UTC
Mujica confirms Uruguay will accept Guantanamo prisoners as 'refugees'

President Jose Mujica confirmed that Uruguay has agreed with the United States to accept some prisoners held in the much-criticized detention center at the US military base of Guantanamo Bay, but he also cautioned that “everything has a bill”.
Friday, February 28th 2014 - 02:55 UTC
Brazil and Cuba, for different reasons, trying to unravel Venezuela's political crisis

The visit this week of Brazil's former president Lula da Silva to Havana could help to unravel the current political crisis in Venezuela according to Argentine political analyst Rosendo Fraga, since both countries have much to lose if the conflicting situation continues.
Thursday, February 27th 2014 - 03:21 UTC
Russia with plans for military bases in Nicaragua, Cuba and Venezuela

Russia is planning to expand its permanent military presence outside its borders by placing military bases or seeking permission for navy ships to use ports in a number of foreign countries, Defense Minister Sergei Shoigu said on Wednesday. The list includes Vietnam, Cuba, Venezuela, Nicaragua, the Seychelles, Singapore and several other countries
Tuesday, January 28th 2014 - 22:38 UTC
Maduro wants Puerto Rico to join Celac, a territory 'free of colonies'

President Nicolás Maduro described the current CELAC summit in Havana as historic and revealed Venezuela has proposed that the group's territories be considered 'free of colonies' and thus invites Puerto Rico to formally join Celac (Community of Latin American and Caribbean state).
Monday, January 20th 2014 - 22:07 UTC
Cuba proposes declaring Latam and the Caribbean a Zone of Peace

Cuba that is hosting a major regional summit at the end of the month will propose that Latin America and the Caribbean be declared a Zone of Peace, according to reports from the Cuban Foreign ministry.
Friday, December 20th 2013 - 06:35 UTC
After fifty years Cubans can now buy and sell cars, but for most non affordable

Cubans will be able to buy new and second-hand cars from state-run retailers without a permit under new rules approved by President Raul Castro's government. The measure, announced Thursday by the official media, is another step in Castro's plan to “modernize” the island's socialist economy and lift decades-old market restrictions.
Tuesday, October 22nd 2013 - 22:50 UTC
Cuba to scrap two-currency system which helped creation of a two-tier class system

Cuba is to scrap its two-currency system in the latest financial reform rolled out by President Raul Castro, official media report. Since 1994 Cuba has had two currencies, one pegged to the US dollar and the other worth only a fraction of that. The more valuable convertible peso (CUC) was reserved for use in the tourism sector and foreign trade. Now its value will be gradually unified with the lower-value CUP, ending a system resented by ordinary Cubans.
Monday, October 21st 2013 - 07:01 UTC
Too many summits: Ibero-American countries decide to meet every other year

In a poorly attended Ibero-American summit held during two days in Panama, the heads of state and government from the Americas, plus Spain and Portugal, decided that instead of holding annual meetings they would get together every other year, starting after the 2014 summit in Veracruz, Mexico.
Thursday, October 10th 2013 - 01:11 UTC
New editors for leading Cuban newspapers: “too much triumphalism and too apologetic”

Cuba has appointed new editors for the country's two main newspapers - Granma and Juventud Rebelde. The shake up in the island's tightly controlled media was described by the Communist Party as a “renewal”.