Banking in Cuba is evolving. A new law, Resolution 73/202 of the Central Bank of Cuba (BCC) published in the Gazette of the Republic, allows non-resident Cubans to open bank accounts in MLC (freely convertible currency) for retail sales and the importation of ... More »
Australia based Melbana Energy has just announced the Company has executed a Farm-in Agreement for Block 9 PSC in Cuba with Sonangol, the National Oil Company of Angola and Africa’s second-largest oil producer. Sonangol has completed its due diligence requirem... More »
Two more drugs, CIGB-258 and Itolizumab (Anti-CD6), manufactured by the Center for Genetic Engineering and Biotechnology (CIGB) have been added to Cuba’s arsenal of drugs in the fight against COVID-19. Dr. Francisco Duran, the National Director of Epidemiology... More »
While tourism has been heavily impacted by the COVID-19 pandemic, Cuba’s airports have been undergoing extensive renovations during the shutdown. Construction to improve service quality, repaving of runways, and the implementation of hygiene and sanitization m... More »
Cuba has asked to suspend debt repayments to the Paris Club until 2022 citing the impact on its economy due to the COVID-19 pandemic, according to diplomatic sources interviewed by AFP. In a letter addressed to the group of 14 creditor countries which includes... More »
PanTerra Gold Limited (ASX: PGI) of Australia has announced that the Cuban Government has approved a Joint Venture (JV) between its mining company, Geo Minera SA (“GMSA”) and PanTerra Gold Investments Limited (“PGIL”) to develop GMSA’s La Demajagua refractory ... More »
China and Cuba have decided to expedite a project for the first joint biotechnology park in the city of Fangchenggang for the purpose of research, development, manufacturing and marketing of Cuban pharmaceutical drugs. The Cuban Ambassador, Carlos Miguel Perei... More »
The Chinese company Great Wall Drilling, an oil drilling company, has donated 3,000 face masks to Cuba in the Island’s battle against the COVID-19 pandemic. Aldo Grandal, head of the Ministry of Public Health’s International Relations Department, and Teresita ... More »
On Monday, the Helms-Burton lawsuit filed against Amazon, the online shopping giant, was dismissed. A Florida federal judge rejected the lawsuit filed by the plaintiff, Daniel A. González. The lawsuit alleged that Amazon.com, Susshi International Inc., and its... More »
A donation of medical supplies from China landed in Havana on May 6. The shipment included personal protective equipment (PPE) to support the Island’s ongoing battle against the COVID-19 pandemic. The donation, worth $42,500, included 6,000 N-95 surgical masks... More »
The Ministry of Public Health (MINSAP) confirmed 17 new positive cases of the Coronavirus in Cuba, the lowest number in the last fifteen days. Meanwhile, 78 medical discharges were reported and no deceased. The Island has reported a total of 1,703 infections s... More »
The Council of Ministers has approved the adjustment of this year’s Economic Plan in response to the effects the COVID-19 pandemic has had on the economy. The arrival of the pandemic in Cuba over the last two months has shown how much social investment policie... More »
