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14ymedio, (with information from agencies), Havana, 13 February 2018 — The London Club, a powerful group that offers commercial credit to Cuba, offered the Government of Raul Castro “significant debt relief,” according to the Club’s coordinator Rodrigo Olivares-Caminal, speaking to Reuters. The London Club represents three investment funds (Stancroft Trust, Adelante Exotic and CRF) and a commercial bank to … Continue reading "London Club Offers Cuba "Significant Debt Relief"" Continue reading
… a proposal sent to cash-strapped Havana in late January, according to … even more generous to the Cubans." Under the 2015 deal … structured over 18 years, and Havana paid the first two installments … sectors like manufacturing and agriculture. Cuba does not publish up-to-date information … Continue reading
La isla continúa excluida de los mercados internacionales Continue reading
Puerto Rico was devastated by Hurricane Maria in September last year (Photo: AP) San Juan, January 29 (RHC)-- Puerto Rico says after the island was hit by the devastating Hurricane Maria in September last year, it will not pay any of its debt service … Continue reading
14ymedio, Havana, 18 January 2018 — Ordinary Cubans are helping the Colon Free Zone (CFZ) to make up for the decline in purchases from Venezuela, whose profound economic crisis is having a strong negative impact on the largest free zone in the world, located on Panama’s Atlantic coast. According to the CFZ’s manager, Manuel Grimaldo, … Continue reading "More Than 15,000 Cubans Spend 100 Million Dollars a Year in the Colon Free Zone" Continue reading
Cubaeconomía.com, Elias Amor Bravo, 5 January 2018 – The Castro regime, in its urgent need to find external financing for the economy, has developed a strategy of approaching the European Union that has come to an end, at least for the moment, with the recent visit of Federica Mogherini to Havana. The agreement is a vague … Continue reading "Mogherini’s Real Interest in Havana" Continue reading
Ivan Garcia, 9 January 2017 — Jumping from a conversation about football one about Cuban domestic politics is not exactly an exercise in rational balance. That is why Eduardo, a veterinarian in a cooperative outside Havana, responded with a prolonged silence when the street debate took an unexpected turn. The group was chatting in a corner in … Continue reading "Raul Castro Postpones His Retirement / Iván García" Continue reading
… , 2018 (GLOBE NEWSWIRE) -- Telco Cuba, Inc. / Amgentech Holdings, Inc … uncertainty in the country of Cuba has caused the company to … may provide an inroad into Cuba.  Lastly, the company has terminated … its corporate name from Telco Cuba, Inc. to Amgentech Holdings, Inc … Continue reading
Ivan Garcia, 2 January 2018 — When the old Soviet-era truck was parked in front of a pharmacy in Havana’s La Víbora neighborhood, a line of more than thirty people soon formed to acquire some of the medicines unloaded. Nearby, at the entrance of a produce market, dozens of retirees and housewives waited to buy tomatoes. In the … Continue reading "Cuba 2017: Waiting for a Miracle / Iván García" Continue reading
14ymedio, Mario Penton, Miami, 19 December 2017 — It was December 2007 when Hugo Chávez, in the company of Raúl Castro and a dozen Caribbean leaders, celebrated the PetroCaribe summit in Cienfuegos. For this city of 200,000 that Fidel Castro wanted to turn into the industrial heart of the country, the reactivation of the Camilo Cienfuegos refinery, … Continue reading "Cienfeugos Refinery Needs 5 Billion Dollar Upgrade" Continue reading
EFE / via 14ymedio, Havana, 21 December 2017 — The president of Cuba, Raúl Castro, confirmed on Thursday that he will leave office on April 21, after the Cuban Parliament extended his current mandate until that date, a mandate which was due to end on February 24. “When the National Assembly is constituted I will … Continue reading "Raul Castro Confirms He Will Leave the Presidency and Urges Elimination of Dual Currency" Continue reading
Iván García, 20 November 2017 — While Robert Gabriel Mugabe, the oldest dictator in the world at age 93, was giving a televised statement from Harare, surrounded by soldiers and elegantly-dressed officials, many miles away from Zimbabwe, Edna, a history professor at a pre-university, was washing clothes in Havana, in an anachronistic Aurika from the … Continue reading "The Crisis in Zimbabwe is Barely Mentioned in the Cuban Media / Iván García" Continue reading
Regina Coyula, 25 April 2017 — I had thought of writing about the first impressions that Bogota has left me, impressions deepened by the contrast of a people so warm that they do not seem to carry the burden of six decades of violence. I had thought of writing about a city dominated by churches … Continue reading "A Debt to Bogota / Regina Coyula" Continue reading
Caracas, November 15 (RHC)-- In Venezuela, the Presidential Commission to renegotiate the terms of the foreign debt of Venezuela and the state oil company Pdvsa held on Monday their first meeting with bondholders and creditors, with the aim of initiating … Continue reading
14ymedio, Marcelo Hernandez, Havana, 7 November 2017 — “Sometimes I dream that I’ve returned to Moscow but the contours of the buildings look blurry,” confesses Valentina Rodriguez, 72. She married a Cuban who studied at a university in Moscow in the ‘80s and who lived for many years in Havana until she emigrated to the … Continue reading "The Traces of Russia in Cuba: ‘Bolos’, Kamaz, ‘Polovinos’" Continue reading
CUBA STANDARD — The same day President Donald Trump was thanking the Communist leaders of China for a “beautiful welcome” in Beijing, his administration published tightened Cuba sanctions that prohibit any business with 180 armed forces-controlled entities (See list page 9) and greatly reduce individual travel. The amendments to the Cuban Assets Control Regulations (CACR) […] Continue reading
Caracas, November 4 (RHC)-- The Venezuelan government will refinance and restructure the country's foreign debt in order to overcome the "blockade and foreign persecution," and to continue its social programs, said Venezuelan President … Continue reading
14ymedio, Zunilda Mata, Havana, 3 November 2017 – Italian diapers and Caterpillar tractors have been the stars of the 2017 Havana International Fair (Fihav), which brings together more than 3,000 entrepreneurs from 63 countries, including the United States, this Friday. Both products will have a presence on the island if conditions agreed with the manufacturers … Continue reading "Diapers and Tractors Connect With Real Needs at the Havana Fair" Continue reading
By Marc Frank HAVANA, Oct 18 (Reuters) - Cuba paid the second … seen as a step toward Cuba rejoining the international financial community … sanctions on development assistance to Cuba. European diplomats have said they … with knowledge of the negotiations. Cuba does not publish up-to-date information … Continue reading
14ymedio, Mario Penton, Miami, 12 October 2017 — Russia is again aiding Cuba and, as with the Soviet Union in the 1970s and 1980s, the aid comes in the form of oil. Moscow is trying to compensate for the collapse of Venezuelan shipments, but part of the bill comes from Caracas, says Jorge Piñón, director of … Continue reading "Venezuela Finances Russian Oil Coming To Cuba" Continue reading
… ravished island. More than 750 Cuban physicians have been dispatched to … will maintain daily communication with Havana in order to stay informed … Medical Cooperation. She noted that Cuba has sent medical brigades to … . Pardo emphasised that in Barbuda, Cuba’s 43 physicians weathered the … Continue reading
CUBA STANDARD — Scraping along most of Cuba’s northern coastline during 72 hours, Hurricane Irma claimed at least 10 lives and caused major damage to much of the island, knocking out the entire national power grid and devastating the tourism infrastructure in the northern keys. Loss of life is an unusual occurrence in Cuba, which prides itself of world-class hurricane preparation and response. However, this Category-5 storm […] Continue reading
Editor's note: The following column originally appeared in The Resurgent. Let’s be honest here. The Republicans in Congress were always going to find some deal with the Democrats. They were always going to find a way to surrender ultimately. What … Continue reading
… pure classic Donald Trump," Cuban said. "I thought it … months for the debt ceiling. Cuban, often critical of Trump, has … Public Policy Polling found that Cuban, presumed in the poll to … ;These are always entertaining," Cuban told Business Insider in an … Continue reading
Billionaire entrepreneur Mark Cuban applauded President Trump for making … thought it was really smart,” Cuban told the FOX Business Network … playing partisan politics,” he said. Cuban also weighed in on President … Continue reading
14ymedio, Miriam Celaya, Havana, 6 August 2017 – Only half a year before the announced general-president Raúl Castro’s departure from his duties as President of Cuba, it is still not known with certainty who his successor will be. It is undeniable is that whoever the Power choses to give continuity to the failed socio-political and economic … Continue reading "The Enigmas of Successions" Continue reading
14ymedio, Mario Penton, Miami, 4 August 2017 – “It doesn’t matter when, all we get are feathers,” complains the father of a family, disgusted on finding no kind of meat other than chicken in the Hard Currency Collection Stores (TRD), the state chain that sells only in Cuban Convertible Pesos (CUC). Since the beginning of … Continue reading "Cuba Has No Plan B To Make Up For The Loss Of Venezuela" Continue reading
14ymedio, Yoani Sanchez, 4 August 2017 – Each ruler leaves his imprint. More than a decade ago Fidel Castro relinquished power and his brother promised continuity; but he dismantled the boarding high schools in the countryside, the army of social workers and the open anti-imperialist rallies. This coming February, Miguel Diaz-Canel could assume the presidency … Continue reading "Miguel Diaz-Canel, A Future Lenin Moreno?" Continue reading
… Venezuelan debt, as well as Cuba, Bolivia and Nicaragua. Diving currency … Continue reading
… Venezuelan debt, as well as Cuba, Bolivia and Nicaragua. The uncertainty … Continue reading
… Venezuelan debt, as well as Cuba, Bolivia and Nicaragua. Diving currency … Continue reading
Attorney Advertising PLANTATION, FL, UNITED STATES, July 25, 2017 /EINPresswire.com/ -- Ackerman, Link & Sartory, P.A. and David A. Weintraub, P.A. are investigating investors’ potential claims against UBS Financial, Merrill Lynch and other … Continue reading
14ymedio Marcelo Hernandez, Havana, 18 July 2017 — “Everything smells like rotten mango,” says Pascual Rojas, who lives on the outskirts of Manuel Tames, a Guantanamo municipality where part of the mango harvest has been lost, leaving a total of 2,600 metric tons of rotten fruit in recent weeks. “The rains of May and June … Continue reading "The Year Of The Lost Mangos" Continue reading
Cuba courted in diplomatic push on Venezuela crisis
Colombian president flies to Havana to seek support for regional
John Paul Rathbone in Miami

Juan Manuel Santos, Colombia's president, was set to fly to Cuba on
Sunday on a mission to convince Havana to support a regional diplomatic
push to staunch Venezuela's growing crisis, which has left 90 dead after
three months of protests.

The initiative, which Argentina and Mexico are understood to support, is
controversial but potentially effective as socialist Cuba is Venezuela's
strongest ally and its intelligence services are understood to work as
close advisers to Nicolás Maduro, Venezuela's embattled president.

"Santos is one of the few people, perhaps the only one, who knows the
three key players well," said one person with an understanding of the
situation. "He knows Maduro and Venezuela, he knows Raúl Castro, and he
knows Donald Trump and the US state department."

The diplomatic initiative comes at a critical time for Venezuela, as Mr
Maduro moves to rewrite the Opec country's constitution to cement the
ruling Socialist party's control by installing Soviet-style communes. An
early gauge of the regional diplomacy's success will be if Mr Maduro
cancels the July 30 constitutional convention to create a legislative
superbody.

Venezuela's opposition on Sunday mounted a symbolic referendum against
the convention, which polls show three-quarters of Venezuelans oppose.
The convention is widely seen as a point of no return for Venezuela.

Early indications suggested the referendum was passing peacefully.
Opposition activists posted photographs on social media of long lines of
people outside impromptu polling stations, not only in Venezuela but in
towns and cities worldwide, from Australia to Malaysia to Saudi Arabia
and Italy, where Venezuelans living abroad were invited to vote.

Julio Borges, the head of the National Assembly, or parliament, told a
news conference in Caracas on Sunday he hoped the exercise would serve
as "a great earthquake, that shakes the conscience of those in power".

The government has played down the popular vote, which is non-binding.
It says the real election will come on July 30, although some analysts
have suggested there is still time for Mr Maduro to change his mind.

"To the extent that the [opposition referendum] prompts even
more . . . pushback . . .[it] could prompt [Maduro] to back down," Risa
Grais-Targow, analyst at Eurasia, the risk consultancy, wrote on Friday.
But "if Maduro does hold the vote on 30 July, it will represent a new
apex in the country's ongoing political crisis. It will also test the
loyalty of the security apparatus, as the opposition will likely
mobilise significant protests across the country".

Mr Santos has worked closely with Havana, Washington and Caracas over
the past six years as part of Colombia's peace process between the
government and the Farc guerrilla group. But his Cuba visit, part of a
long-schedule commercial mission to Havana, is also a sign of mounting
international exasperation over Venezuela.

At the recent G20 meeting in Hamburg, Mauricio Macri, the Argentine
president, backed by Mariano Rajoy, Spanish prime minister, implored
other heads of state to "take note of the situation in Venezuela, where
they do not support human rights".

The crisis in Venezuela has drained the country's foreign reserves with
figures released on Friday showing the central bank's coffers had
dropped below $10bn for the first time in 15 years.

The fall in reserves is likely to rekindle fears that Caracas might
default on its debt obligations this year. The state and its oil
company PDVSA are due to make capital and interest repayments of $3.7bn
in the fourth quarter.

Despite widespread concern over Venezeula's plight, there has been
little concrete action from other countries besides the US and Brazil.
Washington has placed targeted financial sanctions on some Venezuelan
officials while Brazil suspended sales of tear gas to the Venezuelan
government.

Rex Tillerson, US secretary of state, last month said the US was
building a "robust list" of other individuals to sanction. A more
extreme US policy option that has also been discussed in Washington is
to ban sales of Venezuelan oil into the US market.

US refiners have lobbied the White House against including crude imports
in any broader potential sanctions package as Venezuela is the US's
second-biggest foreign supplier to the gulf coast. A ban could also have
an impact on domestic fuel prices.

Cuba would make an unusual ally in an internationally-mediated attempt
to broker peace in Venezuela as it receives subsidised oil from Caracas
in return for medical services. Relations with Washington have also
cooled after Mr Trump partially rolled back the US rapprochement in
June, courting support from conservative Cuban-American legislators in
Washington.

But Havana could usefully offer safe haven exile for Mr Maduro's senior
officials who, with a bolt hole to flee to, would no longer need to
fight to the last.

Additional reporting Gideon Long in Bogotá

Source: Cuba courted in diplomatic push on Venezuela crisis -
https://www.ft.com/content/0bcdff72-6a07-11e7-bfeb-33fe0c5b7eaa Continue reading
14ymedio, Mario J. Penton, Panama City, 2 July 2017 – They managed to escape Cuba to leave behind traces of corruption and negligence that, according to Yudenny Sao Labrado and her husband Yoendry Batista, reflect the prevailing system on the island. From a neighborhood on the outskirts of Panama City, the couple relates the story … Continue reading "Cuban Couple Prefers to Face the Jungle Rather Than the Law in Cuba" Continue reading
… with the EU, including Slovakia, Cuban Foreign Affairs Minister Bruno Rodriguez … :Slovakia inks agreement on settling Cuban debt Relations are “cordial” Slovak-Cuban … reforms recently taking place in Cuba, including pardons for political prisoners … Continue reading
20 June 2017 17:23 (UTC+04:00) Access to paid information is limited News on the website Trend.az marked as , is available ONLY to subscribers of TREND International News Agency. If you are a subscriber of TREND News Agency, enter your login and password: … Continue reading
14ymedio, Yoani Sanchez, 6 June 2017 — The leader speaks for hours on the platform, his index finger pointing to an invisible enemy. A human tide applauds when the intonation of a phrase demands it and stares enraptured at the bearded speaker. For decades these public acts were repeated in Havana’s Plaza of the Revolution, shaping the … Continue reading "Populism Cuban Style: Conquests, Threats and Leadership" Continue reading
Geingob calls for removal of U.S. trade embargo on Cuba
June 6, 2017
Albertina Nakale

Windhoek-President Hage Geingob says there is much ground to cover to
ensure the complete lifting of the United States of America's long
running economic and trade blockade against Cuba.

Geingob made the remarks yesterday during the commencement of the 5th
Continental African Conference in Solidarity with Cuba, where about 174
delegates, including several Cuban nationals, were gathered.

He said Africa would continue to support the people of Cuba until the
world sees the total elimination of existing economic and commercial
barriers, noting that some progress had been made, particularly
following the release of the Cuban Five (who were held in the U.S. on
dubious espionage charges), but said it was necessary that the U.S. lift
its economic and trade embargo of Cuba.

"We applaud the positive developments in this respect and commend the
governments of Cuba and the U.S. for their efforts… We salute the people
of Cuba for the fortitude that they have maintained throughout the
years, never compromising on their principles while facing economic
injustice," he stated.

The conference aims to strengthen bonds of friendship between the people
of Cuba and progressive peoples of the world by recognising the
important work done by them in solidarity and support of Cuba.

The three-day conference further aims to galvanise international
solidarity organisations to demand the lifting of the economic,
financial and trade blockade against Cuba, and the restoration of the
territory illegally occupied by the U.S. as a naval base at Guantanamo
Bay where the infamous Guantanamo Prison is based, as two of the main
obstacles to the island's development.

Andima Toivo Ya Toivo, patron of the Namibia-Cuba Friendship
Association, said he looked forward to discussions on how the two
countries can jointly help bring an end to the economic blockade and the
return of Guantanamo Bay to the people of Cuba.

The conference also aims to strategise collectively and to strengthen
solidarity movements with Cuba, as well as Cuban solidarity with Africa,
in light of the importance of utilising social and alternative media to
spread news of the reality of Cuban social, political and economic life.

It also aims to highlight and promote the legacy of late Commandant
Fidel Castro, who from Havana spearheaded the Cuban forces in the famous
and decisive Battle of Cuito Cuanevale in Angola in the late 1980s – the
largest battle on African soil since the Seoncd World War – which led to
the military defeat of the South African regime, opening up the
prospects for Namibian independence and the end of apartheid rule in
South Africa.

Geingob said the continent of Africa and Cuba continue to enjoy
fraternal relations. This, he added, needs to translate into strong
meaningful commercial and trade relations.

Further, he said Africans still face major challenges related to
economic development, external debt, the global economic downturn,
rampant poverty, as well as the HIV/Aids pandemic.

"We all agree that our aim should be to achieve sufficient levels of
sustainable economic development in order to eradicate poverty in our
societies. We must take bold and concrete actions aimed at promoting
South-South cooperation at all levels in areas, such as investment,
trade, technology exchange for agricultural production and
manufacturing, as well as human resources development," he argued.

In this way, he said, Africans would improve their productive capacities
for economic growth and competiveness in the global market.

Fernando Gonzalez, the president of the Cuban Institute of Friendship
with the Peoples (ICAP) and one of the Cuban Five, highlighted the
friendship between the two countries that dates back to the days when
Cuba assisted Namibia during its liberation struggle.

Gonzalez condemned acts of terror being committed against African and
Middle East nations and thanked Namibian leaders, particularly President
Geingob and the two former presidents Sam Nujoma and Hifikepunye
Pohamba, for their sympathy and support following Castro's death on
November 29, 2016.

A moment of silence was observed by the conference attendants in honour
of the late Cuban leader.

International Relations and Cooperation Minister Netumbo Nandi-Ndaitwah
said Africa is not foreign to Cubans, noting that many Cubans are today
providing essential services in various countries in Africa, including
Namibia.

Source: Geingob calls for removal of U.S. trade embargo on Cuba | New
Era Newspaper Namibia -
https://www.newera.com.na/2017/06/06/geingob-calls-for-removal-of-u-s-trade-embargo-on-cuba/ Continue reading
San Juan, May 12 (RHC)-- Striking students of the University of Puerto Rico have decided to continue their protest action indefinitely.  At a general meeting on campus, students voted to maintain their strike to protest proposed education budget cuts … Continue reading
Santiago de Chile, May 10 (RHC)-- Tens of thousands of Chilean students marched through the streets of Santiago de Chile and other cities to demand free and quality public education and an end to crippling student debts.  Under the banner "End the … Continue reading
San Juan, May 9 (RHC)-- Students from the University of Puerto Rico have held a national demonstration to protest widespread austerity measures and an increase in police violence against those who oppose such measures.  Student organizers describe the … Continue reading
14ymedio, 8 May 2017 – According to a report on foreign debt by Spain’s Secretary of State for the Economy and Business Support released to the newspaper El Economista, Greece and Cuba account for 60% of all foreign debt owed to Spain. According to the report, Cuba owes the Spanish State 2.07 billion euros, (about 2.27 billion dollars). The … Continue reading "Greece and Cuba Account for 60% of the Debt Owed to Spain" Continue reading
Cuba: Another perspective

U.S. Rep. Roger Marshall wants to sell Kansas wheat to Cuba
("Congressman reflects on a recent Cuba trip," High Plains Journal,
April 10), and has filled a bill that "allows" American banks and to
finance the Cuban government's purchase. Really? Cuba has one of the
worst credit records in the world. Americans shouldn't be dragooned into
the role of guarantors of credit extended to Cuba.

The real issue isn't selling to Cuba. It's getting Cuba to pay for what
it buys. The Heritage Foundation's 2017 Index of Economic Freedom puts
Cuba's credit rating right in the bottom—178th out of 180 countries,
followed by Venezuela and North Korea.

The problem : The average Cuban's salary is about $25 dollars a
month—there's no great purchasing power there. Havana has defaulted on
loans worth billions.

It's not a new issue. Despite raking in massive Soviet Union subsidies
and boasting Moscow was a better commercial partner than the United
States, Fidel Castro stopped payment in 1986 on the island's $16 billion
debt to the Paris Club, a consortium of foreign banks facilitating trade
with Cuba. By 2015, those banks had "forgiven" $4 billion of Cuba's
debt. Last year, Japan forgave $1.08 billion dollars (120 billion Yen)
owed by Cuba. The Castros dynasty seems to assume it never has to pay
off its loans. Uncle Sam must not become Cuba's next sucker.

American companies have been making sales for years to Cuba on a "cash
and carry" basis. In the year before Barack Obama became president,
American companies exported $711.5 million in foodstuffs to Cuba. By
2010, trade had dropped to $362.8 million and by 2015 to $180.2 million.
The decline was deliberate and intended to put pressure on U.S.
companies to lobby Congress and the U.S. administration to extend credit.

"Much has changed and in a very positive way," Marshall says now. In the
United States, many changes. In Cuba, not much change other than a
dramatic increase in repression. The Cuban Commission for Human Rights
documented 1,005 political arrests in 2008 and 9,940 in 2016.

The "greater mutual security" that the Congressman wants can't be
attained without considering the presence of Russian spy ships in
Havana's harbor and such hostile acts as Gen. Raul Castro's 2013 attempt
to smuggle war planes, hidden under tons of sugar, in a ship to North
Korea—a clear violation of United Nations' trade sanctions. That came as
President Obama prepared to re-establish diplomatic relations by making
numerous concessions to Cuba.

One of those concessions was removing Cuba from the U.S. list of
supporters of terrorism. Yet, Cuba today harbors numerous U.S.
criminals. On the FBI's "Most Wanted List" is a domestic terrorist
convicted of murdering a New Jersey state trooper in cold blood. She was
sentenced to life in prison but escaped and fled to Cuba, where she
enjoys the regime's hospitality. The good people of Kansas may want to
ask President Donald Trump to demand her return and, if Cuba refuses, to
put the island nation back on the infamous list.

Before the Castro Revolution, Cuban teenagers used to sell expired
lottery tickets to naïve American tourists. Now Congressmen take guided
tours to Cuba. As Mark Twain observed: "It is easier to deceive folks,
rather than to convince them, they have been deceived." Extending credit
to "do business with Cuba" would be a deceit—and a very bad deal for
American taxpayers.

—Frank Calzon is executive director of the Washington-based Center for a
Free Cuba.

Source: Cuba: Another perspective | Opinion | hpj.com -
http://www.hpj.com/opinion/cuba-another-perspective/article_2a56e050-31c0-11e7-be16-eb0b120a6fed.html Continue reading
San Juan, May 2 (RHC)-- Thousands of Puerto Rican workers, students and other demonstrators took to the streets in a national strike during the early hours of International Workers’ Day on Monday to protest against the harsh austerity measures pummeling … Continue reading