![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)
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![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)
![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 the British Government to promote international cooperation between the UK and Cuba and urge the Biden administration to normalize relations by removing Cuba from its ‘state sponsors of terrorism’ list and ending the US blockade. Early Day Motion 1550 on Cuba and the US blockade […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/05/british-mps-sign-motion-to-support-normalizing-us-cuba-relations.jpg)
![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 been working for the last two years on implementing the EnZona app e-commerce payment system, developed by the high tech firm Xetid. EnZona, used with a QR code, is transforming the way business and Cubans pay for goods and services. Miriam Pérez González, the […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/05/ecommerce-cuba.jpg)
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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 »
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US Embargo Still Blocking Cuba Cruise Vacations
“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 impres... More »
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Foreign Trade for Non-State Sector Expands
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 ... 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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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 »
PCC 8th Congress – the Economy is on the Agenda
- Cuba Business Report Staff
The Cuban Communist party (PCC) meets for its 8th congress, which starts today and runs until April 19. The economy and future is upfront on the agenda. The PCC Congress will include evaluating core issues for the present and future of Cuba, updating the imple... More »