A review of the status of foreign investment took place in Havana. The meeting was led by Minister Rodrigo Malmierca with the participation of other officials from the Ministry of Foreign Trade and Foreign Investment (MINCEX), Deputy Prime Minister Ricardo Cab... More »
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. ... More »
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 Va... More »
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. Armando Rodríguez Batista, the Vice ... More »
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, Yuri Borísov. Vice-President Bori... More »
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 company furthers the goal. Deltro ... More »
The Soberana and Abdala vaccines have moved ahead to Phase III testing on volunteers in Havana and cities in the east of Cuba. The Center for the Control of Medicines and Medical Devices (CECMED) approved the Phase III clinical trials of the two COVID vaccines... More »
Cuba and China are working together to develop a new vaccine called the PanCorona which will be effective against new variants of COVID-19. The Chinese website Xinhua reported that scientists from Cuba’s Center for Genetic Engineering and Biotechnology (CIGB) ... More »
The first trial of COVID vaccine approved for use in children between the ages of 5 and 18 will soon begin, the Director of Research at the Finlay Vaccine Institute (IFV), Dagmar García Rivero announced. She said the documentation is being prepared for the reg... More »
Research and development in new products and technology for the construction sector are underway at the Construction Research and Development Center. These R&D projects are expected to guarantee import substitution and improve quality in the sector. Current pr... More »
Cuba’s Portfolio of Investments for Foreign Investment contains a total of 503 projects, 43 more than the previous year, totaling an amount of over 12 billion dollars. The Portfolio also contains a number of smaller projects at the local level. Rodrigo Malmier... More »
Import substitution plays a major role within the new direction of the Cuban economy. Cuba’s chemical industry has managed to save the country more than $7 million in 2020 and plans to increase by 15% this year, according to Lissette Alonso Morales, vice-presi... More »
