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Invest in #Cuba: Mariel is consolidated as an attractive investment site – Via Granma

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Five years after its creation, the Mariel Special Development Zone (ZEDM) has 41 approved users, including one concessionaire, of which 17 are already operating, a sign of the progress in the Zone and the interest that Cuba arouses as an investment site.

As was reported during the Third Investment Forum at the Havana International Fair (FIHAV 2018), Sector A of the ZEDM continues developing as an industrial and logistical area, while work is ongoing on the management plan for Sector H, dedicated primarily to tourism. These will be followed by Sector B, almost an extension of A, and Sector G, linked to the construction materials industry.

It was also revealed that major industries such as biotechnology and pharmaceuticals, logistics, and advanced technology manufacturing, continue among the main areas of interest for the Zone, in order to contribute to the effective substitution of imports.

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Delta Expanding Service to Cuba from Miami

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Delta Air Lines announced Wednesday it will be adding a second nonstop flight from Miami to Havana, Cuba. Starting October 28, Delta will offer the new flight five times a week between Miami International Airport and Havana International Airport on Airbus A320 aircraft, which offer 16 First Class seats, 18 Delta Comfort+ seats and 123 Main Cabin seats.

Delta began serving Cuba again in 2016, connecting Havana with Miami, New York City and Atlanta. The carrier also became the first U.S. airline to open a City Ticket Office at the Havana sector of La Rampa, which was later expanded to accommodate increased customer demand.

CUBAN ECONOMY GROWS 1.1 PERCENT IN FIRST HALF OF 2018

9ce96f7be47d5c98c851aaca8ed0c6a6_lThe Cuban Gross Domestic Product had a discreet growth of 1.1 percent at the end of the first half, when the county faced shortages in hard currency, said Miguel Diaz-Canel, President of the Council of State and Ministers.

In his closing speech of the first ordinary session of the IX Legislature of the National Assembly of People’s Power (ANPP), the president said that the result “is encouraging in the midst of so many adverse factors. He argued that the tense situation in the external finances remains, due to the failure to meet planned revenues from exports, tourism and sugar production, as well as the harmful effects of recent weather events.

Continue reading “CUBAN ECONOMY GROWS 1.1 PERCENT IN FIRST HALF OF 2018”

Cuba’s Biopharmaceutical Industry Develops over 400 Projects

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Havana, Jul 18 (Prensa Latina) Several research projects are developed by the Cuban biopharmaceutical industry, including those aimed at preventing and treating neurodegenerative diseases, cardiovascular diseases and cancer, according to officials from the sector. Characterized by its closed cycle line, from invention and development to production and marketing, the entity works on 422 projects, 393 of them are product-oriented and 29 technological, all under the aegis of the Group of Biotechnological and Pharmaceutical Industries of Cuba (BioCubafarma).

In a meeting with the press, its director Eduardo Martinez explained that one of the entity´s megaprojects is the program of therapeutic molecules for neurodegenerative diseases such as Alzheimer’s, Parkinson’s, ataxia and multiple sclerosis. NeuroEpo is the name of this product developed by the Molecular Immunology Center, one of the 34 companies affiliated to BioCubafarma.
Continue reading “Cuba’s Biopharmaceutical Industry Develops over 400 Projects”

Cuba and TT Seek ‘New Opportunities’ to Boost Trade

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The vice-president of the Cuba Chamber of Commerce, Ruben Ramos, has led a 27-strong delegation of Cuban businesses displaying their products at the TT Manufacturers’ Association (TTMA) annual Trade and Investment Convention at the Centre of Excellence in Trinidad and Tobago.  The two Caribbean countries are exploring new ways to further boast trade opportunities between the two Caribbean countries.

“There is a commitment from Cuba to develop that relationship with the Caribbean as part of foreign policy for trade and integration in Caricom, (Caribbean Community) Ramos said. “We are working to try to facilitate trade, (whether it is) transportation and trade agreement to reduce tariffs, that will help trade activity between our countries.”  Continue reading “Cuba and TT Seek ‘New Opportunities’ to Boost Trade”

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