![The Central Bank of Cuba (BCC) has announced new options for sending remittances to Cuba. Transferring money to family has been next to impossible since the Trump administration shut down of Western Union offices, and the limitation of tourism during the pandemic. To send money to Cuba, the Bank transfers must include the SWIFT code of the Banco Metropolitano (BMNBCUHH), the recipient’s first and last name as they appear in their identity document, CI number or passport, the exact residential […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/05/banco-metropolitano.jpg)
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![Japan has donated 84 buses for public transportation in Havana. Katia Monzon, the Economic-Commercial Counselor of Cuba in Japan, and Takuma Momoi, of the Japan International Cooperation System (JICS), met to review the execution of the donation of non-refundable financial aid of the Japanese government to Cuba. The donated buses will improve public passenger transportation in Havana. The 84 vehicles being sent to the Island are manufactured in Colombia. The buses should arrive in Cuba between July and September of […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/05/japan-donates-buses.jpg)
![On Tuesday, Cuba presented its investment opportunities on the Madrid Platform, an event hosted live from the Palacio de Cibeles in Madrid. The Forum ends today, May 12. The Madrid Platform objective is to connect small and medium-size enterprises (SMEs) from European and Latin American nations. Twenty countries are participating in the three day event attended by 340 panelists and 90 businesses. Taking part in Cuba’s ProBusiness Session on the Platform are the ambassador to Spain, Gustavo Machín Gómez, and […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/05/Madrid-Platform.jpg)
![Cubanacán group and Muthu Hotels MGM are set to open the new five-star Gran Muthu Almirante Hotel in the Guardalavaca resort area on July 1. The new Gran Muthu Almirante Hotel boasts 514 rooms, 53 of them in the Royal Floor, an adults-only section and the first of its kind in Guardalavaca with an exclusive restaurant and butler service. Among its features is a restaurant specializing in Indian cuisine and and other Asian cuisine. The Gran Muthu Almirante also has […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/05/muthu-hotels.jpg)
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British MPs Sign Motion to Support Normalizing US-Cuba Relations
British MPs sign motion in parliament to support normalizing relations between Cuba and the U.S. and ending the blockade. Fifty-seven British members of parliament have signed a motion in the British Parliament which calls on... More »
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E-commerce on the Increase in Cuba
E-commerce is on the rise in Cuba. Electronic payments by warehouses and retail in Cuba’s domestic trade system have shown an increase in the number of transactions taking place. The Ministry of Domestic Trade (MINCIN) has be... More »
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Cuba’s Abdala Vaccine Trials Show Promise
Phase III clinical trials of Cuba’s Abdala vaccine came to a close on May 1. Tests show very positive results for safety and efficacy, said senior researcher, Dr. Sonia Resik, head of Virology at the Pedro Kourí Tropical Medi... More »
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Central Bank of Cuba Announces New Measures for Farm Loans
The Central Bank of Cuba (BCC) announced a new set of measures for credits and financing to farmers, to begin immediately. The measures come into force because of the problems that emerged and the government’s need to resolve... More »
Trade Relations
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Cuba and the UAE Chambers of Commerce Sign MoU to Strengthen Economic Ties
HAVANA, April 26. The Federation of Chambers of Commerce and Industry of the United Arab Emirates and the Chamber of Commerce of the Republic of Cuba, have signed today, virtually, a Memorandum of Understanding (MoU), to strengthen economic and trade relations... More »
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US Embargo Still Blocking Cuba Cruise Vacations
- Cuba Business Report Staff
“Cuba could be the next great cruise vacation destination,” the British newspaper The Telegraph reported a few days ago, stating Cuba cruise vacations are still blocked by U.S. government sanctions. Cruise fans are not impressed. The Telegraph article also men... More »
Foreign Trade for Non-State Sector Expands
- Cuba Business Report Staff
Over 1,900 contracts have been signed by non-state sector and state-owned import/export companies since the regulations supporting these activities came into force last summer. In August 2020, these regulations were approved to expand foreign trade opportuniti... More »
Cuba Defines Economic Priorities to 2026
- David Urra
At the conclusion of the 8th Congress of the Cuban Communist Party (PPC) (April 16 – 19), Cuba’s government defined the economic priorities for the next five years. The Update of the Economic and Social Policy Guidelines for 2021-2026 document outlines the dir... More »
Cuba to Begin Vaccination of 1.7 Million Havana Residents in May
- David Urra
Cuba will begin the vaccination of 1.7 million residents of Havana this May according to official sources. It is part of a study in which two of the five vaccines in the most advanced phase of trials, the Abdala and Soberana 02, will be used. By April 24, all ... More »