Search results for: Mariel Special Development Zone (ZEDM)

Cuban Government Hides the Origins of 20 Million in Foreign Investment Approved This Year

EFE/14ymedio, Havana, 21 July 2022 — In the first half of this year, Cuba approved nine businesses with foreign capital for an amount of some 20 million dollars, according to the Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, who spoke in a meeting with parliamentarians on Wednesday. Without giving details about the companies, … Continue reading “Cuban Government Hides the Origins of 20 Million in Foreign Investment Approved This Year”

Pesos Instead of Dollars: A Bad Deal for Cuban Employees of Foreign Firms

14ymedio, Havana, 22 December 2020 —  Beginning in January, Cuban workers employed by foreign companies will no longer receive part of their salary in dollars. After currency unification takes effect, they will be paid only in Cuban pesos. Rodrigo Malmierca, Minister of Foreign Trade and Foreign Investment, made the announcement on Monday during a broadcast … Continue reading “Pesos Instead of Dollars: A Bad Deal for Cuban Employees of Foreign Firms”

Individuals May Sell Their Surplus Renewable Energy to the Cuban State

14ymedio, Havana, 29 November 2019 — On the eve of the climate summit, which begins next Monday in Spain, the Cuban government has announced a small step in favor of the almost non-existent renewable energies, allowing the sale by private producers of electricity generated from this type of source. Decree Law 345, published this Thursday, does … Continue reading “Individuals May Sell Their Surplus Renewable Energy to the Cuban State”

Brazil Freezes Export Insurance to Cuba due to Default

14ymedio, Havana, 28 December 2018 — The Brazilian government froze providing credit insurance to new exports to Cuba due to default, after taking the same steps in connection with Mozambique and Venezuela, as published by the Brazilian newspaper Folha de São Paulo. The National Bank of Social and Economic Development (BNDES, by its Spanish acronym) has … Continue reading “Brazil Freezes Export Insurance to Cuba due to Default”

‘Raulismo’ in Ten Images

14ymedio, Havana, 18 April 2018 — Ten images from the regime of Raul Castro, which is slated to end tomorrow. Raúl Castro assumes the presidency of Cuba On February 24, 2008, Raúl Castro delivered his first speech as head of state when he formally assumed permanent power after the resignation of his brother, Fidel. By … Continue reading “‘Raulismo’ in Ten Images”

Vietnamese Leader Calls on Cuba to Develop Its Market Economy

14ymedio (with contributions from other news outlets), 28 March 2018 — The leader of the Communist Party of Vietnam (PCV) urged Cuba to follow the path of reform in order to develop its economy and “maintain socialism.” On a visit to the island, Nguyen Phu Trong explained during a lecture in the main auditorium of … Continue reading “Vietnamese Leader Calls on Cuba to Develop Its Market Economy”

Vietnamese Company Will Produce Sanitary Pads and Diapers in Cuba Starting in 2019

EFE via 14ymedio, Havana, 27 March 2018 — A Vietnamese company will start producing disposable diapers and sanitary pads starting in the first half of 2019 in the Mariel Special Development Zone (ZEDM), the largest project on the island dedicated to attracting foreign investors. The Director General of the Thai Binh Investment Trading Corporation, Vi … Continue reading “Vietnamese Company Will Produce Sanitary Pads and Diapers in Cuba Starting in 2019”

Diapers and Tractors Connect With Real Needs at the Havana Fair

14ymedio, Zunilda Mata, Havana, 3 November 2017 – Italian diapers and Caterpillar tractors have been the stars of the 2017 Havana International Fair (Fihav), which brings together more than 3,000 entrepreneurs from 63 countries, including the United States, this Friday. Both products will have a presence on the island if conditions agreed with the manufacturers … Continue reading “Diapers and Tractors Connect With Real Needs at the Havana Fair”

Cuban Christmas: Between Killjoys And Mourning / 14ymedio, Miriam Celaya

14ymedio, Havana, Miriam Celaya, 18 December 2016 — I’m clueless as to what they are called in other cultures, but for Cubans here and abroad, the word “sapo,” which literally means “toad,” is a term applied to the typical individual who always shows up in a situation where there is fun, optimism or joy, for … Continue reading “Cuban Christmas: Between Killjoys And Mourning / 14ymedio, Miriam Celaya”

The Portfolio Of The Arrogant Beggar / 14ymedio, Reinaldo Escobar

14ymedio, Reinaldo Escobar, Havana, 7 November 2016 – The appearance of unusual proposals such as ostrich farming, the production of quail eggs, or the tanning of exotic hides, along with the timid introduction of a banking sector, are some of the most significant novelties in the Portfolio of Opportunities for Foreign Investment launched during the … Continue reading “The Portfolio Of The Arrogant Beggar / 14ymedio, Reinaldo Escobar”

A Lot of Noise and Few Investments / 14ymedio, Reinaldo Escobar

14ymedio, Reinaldo Escobar, Havana, 3 November 2016 — Oggún is one of the orisha warriors of the Yoruba pantheon, but a tractor that bears his name is losing the battle for the Cuban market. The Cleber firm has failed to establish itself in Cuba, although a year ago it was heralded as the vanguard of US … Continue reading “A Lot of Noise and Few Investments / 14ymedio, Reinaldo Escobar”

Cuba’s State Monopoly on Hiring Slows Spanish Investment / 14ymedio

14ymedio, Madrid, 30 March 2016 – The expectations that the upcoming Communist Party Congress will put forward a reform in the Foreign Investment Law that permits greater guarantees is growing among Spanish businesspeople. 14ymedio has confirmed this with Spanish diplomatic sources, who say that the central demand is an elimination of the State monopoly over … Continue reading “Cuba’s State Monopoly on Hiring Slows Spanish Investment / 14ymedio”

Tractors In Cuba, From Ghosts To Orishas / 14ymedio, Reinaldo Escobar

“Do not put me in the dark to die like a tractor” (popular parody of a line from José Martí) 14ymedio, Reinaldo Escobar, Havana, 25 February 2016 – Two pieces of news have raised hopes among Cuban farmers. One is that the United States company Cleber LLC will install a tractor factory in the Mariel … Continue reading “Tractors In Cuba, From Ghosts To Orishas / 14ymedio, Reinaldo Escobar”

Cleber Tractors is First US Company Authorized in Cuba / 14ymedio

14ymedio, Havana, 15 February 2016 – The Cleber Tractor Company has become the first U.S. company to receive authorization from the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury to operate in Cuba, as reported Monday Associated Press (AP). Last November, the Alabama-based company won a license of the … Continue reading “Cleber Tractors is First US Company Authorized in Cuba / 14ymedio”

Brazilian Odebrecht Group Expands Its Presence In Cuba / 14ymedio

14ymedio, Havana, 3 February 2016 — The Brazilian Odebrecht Group will expand its presence in Cuba with two contracts in the sugar industry and in civil aviation, according a report from the Prensa Latina agency. On January 13, the company also received authorization to operate in the Mariel Special Development Zone (ZEDM) over the next 15 … Continue reading “Brazilian Odebrecht Group Expands Its Presence In Cuba / 14ymedio”