![The BioCubaFarma business group is in the process of penetrating the Russian market with its innovative pharmaceutical products. The year 2021 will be a year of signing contracts, according to Dr. Idania Caballero, director of BioCubaFarma’s office in Russia. She emphasized the recognition and interest of several Russian institutions and companies for products from the Cuban business group. “We already have registered in the country the drugs Heberprot P for the treatment of diabetic foot ulcer and Hebermin, highly effective […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/04/Cuba-to-market-pharmaceuticalso-to-Russia.jpg)
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![On Wednesday, Cuba and Egypt signed a bilateral cooperation agreement that will open up new business opportunities for trade between the two countries. Cuba and Egypt’s chambers of commerce signed the agreement during an online conference between the heads of the chambers and the Cuban ambassador to Cairo, Tania Aguiar Fernandez. Also at the virtual meeting were a number of companies which presented their products. Ibrahim Mahmoud El Araby, the president of the Egyptian Chamber of Commerce said, “We have […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/04/egypt-cairo.jpg)
![VUCE, the Single Window for Foreign Trade, an online digital platform for import and export trade activities began testing online this week. The platform supports Cuba’s foreign trade processes. Vivian Herrera, the general director of Foreign Trade of the Ministry of Foreign Trade and Foreign Investment (MINCEX) confirmed the announcement in her official Twitter account, “We built a Single Window for Foreign Trade. Online procedures have started in a testing environment.” According to the MINCEX website, VUCE was developed in […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/04/cuba-vuce-platform.jpg)
![On Monday, Cuba began the second doses of the candidates Soberana and Abdala vaccines, in phase III of clinical trials, after setting a record of number of 44,010 vaccinated with the first dose. According to Yury Valdés Balbín, deputy director of the Finlay Vaccine Institute, the 44,010 volunteers were vaccinated with the first dose of Soberana 02 in just 19 days, complying with all World Health Organization protocols. In the first week, 4,779 volunteers were vaccinated. During the second week, […]](https://www.cubabusinessreport.com/wp-content/uploads/2021/04/soberana-abdala-vaccines-cuba.jpg)
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Cuba’s Science and Technology Parks Open to Foreign Investment
Cuba’s science and technology parks are opening up to foreign investment. A recent television broadcast spoke of the development of scientific-technological parks in Cuba, perspectives and their impact on the Cuban economy. A... More »
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Vice-President of Russia on an Official Visit to Havana
On Thursday, Cuba’s President, Miguel Díaz-Canel Bermúdez, received the Vice-President of Russia and co-chairman of the Russian-Cuban Intergovernmental Commission for Economic-Commercial and Scientific-Technical Collaboration... More »
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CEIBA Cuba Fund Raises €25m Convertible Bond Issue
CEIBA Investments Limited, the biggest and amongst the most successful foreign investors in Cuba, invested in Cuban real estate and the tourism real estate sectors made the announcement today that it has raised €25m in an uns... More »
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Cuba’s Strategy for Electricity Generation
According to information from executives of the Unión Nacional Eléctrica (UNE), Cuba’s strategy for electricity generation is to move from the use of fossil fuels to renewable energy sources. A recent investment by a Canadian... 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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Flights Between Moscow and Varadero Start up Again in April
- Cuba Business Report Staff
Flights between Moscow and Varadero Cuba will start up again on April 1. The Varadero resort destination with health protocols in place is ready to receive its guests. A statement, issued last Saturday after a meeting between Juan Carlos Garcia Granda, Cuba’s ... More »
Leading Travel Company to Promote Chinese Tourism to Cuba
- Cuba Business Report Staff
Cuba’s Consul General in Shanghai, Nestor Torres, visited the headquarters of Trip.com Group on March 25 and was received by Edison Chen, general manager of the Destination Business Department. During the meeting, they discussed plans to promote Chinese touris... More »
Support of Cuba Demonstrated in Rallies Across the Globe
- Cuba Business Report Staff
Rallies across the globe demonstrating support of Cuba took place this weekend. Across the world in 70 cities from five continents people came in cars, on foot, motorcycles, e-bikes and bicycles to protest the US embargo/blockade against Cuba for a full two da... More »
Cuba’s Successful COVID-19 Response
- PRESS RELEASE
Cuba’s successful COVID-19 response pandemic and its commitment to the health of its citizens is well known. The Lancet, founded in 1823, a respected peer-reviewed medical journal has published an article on the Island’s experience of the pandemic and its vacc... More »