Business in Cuba

The inevitable Cuban business boom

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Are US corporations and businesses ready for the inevitable Cuban business boom lurking in the not-so-distant future?  Despite the continuing US embargo, companies such as Scotia, a Canadian banking giant, MasterCard, Sherrit International, Netflix and IDT Corp have expanded into the Cuban market and are poised for profit.  Highly placed government officials from the EU, Russia and Canada have all met with the Cuban government since the talks began with the US in January. Adventurous American companies not willing to wait it out have already opened up shop in Cuba. Since the 1990s, tourism has been one of Cuba’s largest income generating industries.  The tourism industry has been fuelled by millions of tourists visiting from Canada, Europe, Russia and South and Central America. After the recent Cuba-US talks which are ongoing…

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Unbiased reporting on economic news and business developments in Cuba by industry sector

 

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