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Cuba

Cuba finds oil in Matanzas province

Cuba announced this weekend the discovery of better quality oil in the province of Matanzas, located in the west of the island. The exploitation works are in charge of the Australian company Melbana Energy. According to the announcement…

Cuba authorizes dollar deposits in cash

The Cuban government again authorized, starting this Monday, dollar cash deposits that had been suspended in 2021 by a resolution of the Central Bank of Cuba (BCC). The resolution of the Central Bank (BCC) published on Monday in the…

Cuba authorizes foreign investment

The Government of Cuba announced a series of new measures to promote foreign investment in wholesale trade, including companies with 100% foreign capital, and through joint ventures in the country's retail trade, in addition to promoting…

Venezuelan oil exports drop in April

Venezuela registered an average oil production of 420,000 barrels per day in April, some 410,000 barrels per day less than the goal established by PDVSA, which projected some 830,000 barrels per day of production for last month. According…

European Parliament calls for sanctions against Cuba

The European Parliament asked the European Union to apply sanctions to Cuba for human rights violations after the massive protests on July 11, calling into question the European strategy of dialogue with Havana. In a resolution agreed by…

Cuba will ease tourism restrictions in November

The Government of Cuba announced the gradual reactivation of the country's borders as of November 15, assuming that by that month more than 90 % of the Cuban population will have completed the vaccination schedule against Covid-19. The…