![Phase III clinical trials of Cuba’s Soberana 02 vaccine for COVID-19 from the Finlay Vaccine Institute will begin after receiving approval from Cuba’s regulatory authority, the Center for State Control of Medicines, Equipment and Medical Devices (CECMED). Soberana 02 is the first vaccine developed in Latin America to reach the Phase III stage of clinical trials. It is one of the five vaccine candidates that Cuba has produced from its research and development of Covid vaccines. The Island’s other four […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/03/cuba-soberana02-vaccine.jpg)
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![Since Day Zero of the new economy of Cuba, January 1, more than 126,938 Cubans have applied for jobs as Cuba reorders its economy. Marta Marta Elena Feito Cabrera, Cuba’s Minister of the Ministry of Labor and Social Security published the new statistics of job-seeking Cubans in an interesting graphic of the employment numbers on Twitter. Of those job applicants, 76,200 or 60% have accepted new jobs in the new economy of Cuba. Interestingly, of those seeking jobs – the […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/03/job-seeking-Cubans.jpg)
![Cuba and Australia recently held an international seminar to discuss business opportunities in the mining and oil sectors of Cuba. Juan Ruiz Quintana, General Director, Mining at the Ministry of Energy and Mines (MINEM) said the two countries are interested in strengthening relations in the sectors. Representatives from Cuba Petróleo (CUPET), Geominero-Salinero (GEOMINSAL), and Cubaníquel, met with Remo Moretta, Australia’s ambassador to Mexico and Cuba; Kim Prior, director of Prior Industries; and Andrew Purcell, Executive of Melbana Energy Limited, and […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/03/australia-cuba-discuss-mining-and-oil-sectors.jpg)
![Cuban IT company Desoft is focused on entering the highly competitive market of software services exports worldwide. Cuban IT sector companies are now taking the first steps in this foreign trade activity. Desoft is at the forefront of this advancement. According to local media, Desoft’s general director Luis Guillermo Fernández Pérez said they have found a reservoir of capabilities based on human capital, whose specialists are masters of the technologies demanded by the international market. DeSoft specialists are already working […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/03/desoft-services.jpg)
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Soberana 02 Vaccine Production Launches in Cuba
Production of the Soberana 02 vaccine, Cuba’s first COVID vaccine, also the first in Latin America, has begun on a large-scale at Cuba’s national plant for biological preparations (BioCen), located on Havana’s outskirts. Arou... More »
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Chinese Investment in Mining Shows Results
A Chinese investment in mining of chromium, negotiated in 2018 following Cuba’s opening to foreign investment ten years earlier, is beginning to show results. China is the world’s largest consumer of chrome, and Cuba has plen... More »
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The “Steel Piglets” of the Havana Banking District
Like similar financial districts, distributed in an area of approximately two square kilometers, this building was the epicenter of what came to be called at the time of its greatest splendor, the Old Havana Banking Distric... More »
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New Private Sector Jobs to Boost Employment and the Economy
On February 6, Cuba’s Council of Ministers approved the expansion of the list of allowable types of private sector jobs from 127 to over 2,000 activities. The move will provide a needed boost to the slumping economy and creat... More »
Trade Relations
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Third EU-Cuba Joint Council Held
On January 20, Cuba and the European Union held the third EU-Cuba Joint Council. Josep Borrell, High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission, and Bruno Rodríguez Parrilla, Foreign Affairs Minister of... More »
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Cuban Vaccines, Latest Target of Information War
- David Urra
Those who follow the news about Cuba may have noticed an exponential increase in criticism of the Cuban government, accompanied by an enormous amount of “fake news” related to everything it does on the island. Cuba’s COVID vaccines could hardly be left out, gi... More »
Cuba Announces the Expansion of the Small Business Sector
- Cuba Business Report Staff
In a move to stimulate the economy and create employment, Cuba has announced the expansion of the small business sector from 127 to 2,000 types of activities. Only 124 of them have been limited, either totally or partially revised. The move will benefit more t... More »
Clinical Trials for Cuba’s COVID Vaccines Nearing Completion
- David Urra
Cuba’s COVID vaccines are headed to final clinical trials between March and May, and at some future date may be made available to foreigners visiting the island, says Dr. Eduardo Martínez, Díaz, President of BioCubaFarma. Dr. Martínez Díaz appeared on Cuban te... More »