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![Cuba reported on Thursday that the island has experienced losses of $5.6 billion in one year because of the economic, commercial and financial blockade enforced by the Trump administration. The Minister of Foreign Affairs Bruno Rodríguez Parrilla said the increasing number of sanctions are designed to strangle the Island’s economy and cause an escalation of the suffering of the Cuban people. The subject will be on the agenda for next year’s U.N. General Assembly meeting in May of 2021. The […]](https://www.cubabusinessreport.com/wp-content/uploads/2020/10/Bruno-Rodriguez-Parrilla.jpg)
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The Mariel Port Achieves Two Million TEU
The arrival of the ship MV Julius, from the Melfi Marine shipping line, a regular service between the Mediterranean and the Caribbean, marked a special achievement on the part of the port, reaching 2,000,000 TEUs (Twenty-foot... More »
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Cuba’s Finlay Institute Registers its Second Vaccine Against COVID-19
While the first Cuban vaccine against COVID-19, “Soberana 01,” is still in Phase II of clinical trials, the Finlay Institute of Vaccines (IFV) has registered its second candidate, the “Soberana 01 A.” The IFV is the leading c... More »
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Cuba Reaches Agreement with the Paris Club
The Paris Club, a financial organization consisting of officials from 22 developed creditor countries, has reached an agreement for a moratorium on Cuban debt payment this year. The decision was questioned by the US administr... More »
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TUI Resumes Flights to Varadero from the UK October 25
The British-German tour operator TUI (Touristik Union International) will begin offering twice-weekly flights to Varadero from the United Kingdom starting October 25. Carmen Casal from the Cuban Consulate in Montreal, Canada,... More »
Trade Relations
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Germany and Cuba Strengthen Economic Links
Meetings have taken place between the governments and entrepreneurs of Germany and Cuba with the goal of expanding economic activities under the conditions of the coronavirus pandemic. Recently, the Vice-minister of Foreign Trade and Foreign Investment Ana Ter... More »
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France’s AFD and the Finlay Institute: Cooperation in Vaccine Development
- Cuba Business Report Staff
France’s Agence Française de Développement (AFD) (French Development Agency) reported this week that France’s Ambassador to Cuba, Patrice Paoli, met with Dr. Vicente Vérez Bencomo, Director General of the Finlay Vaccine Institute (IVF), to discuss French-Cuban... More »
The New Normal: Cuba’s COVID Strategy
- David Urra
Cuban President Miguel Diaz-Canel and Prime Minister Manuel Marrero Cruz recently spoke to the audience on Mesa Redonda to explain the steps needed to alleviate the effects of the pandemic. The actions to be taken in the near future will be known as the “new n... More »
The New Normal: Cuba Opens Up Tourism at Most Destinations
- Cuba Business Report Staff
Last night the government of Cuba announced that most of the Islands provinces will open up to international tourism next week under the “new normal.” The decisions were made based on the epidemiological situation of each province. Havana is one of the excepti... More »
Cuba Expands Import/Export Activities
- David Urra
Just two and a half months after Cuba implemented its economic strategy for dealing with the effects of the COVID-19 pandemic, its import/export entities have received more than 1,000 business solicitations. More than 40 contracts have been signed, and the fir... More »