Russia: Funding for jets, steel, vehicle assembly, but not energy
Source : Johannes Werner Mon Oct 07, 09:20 pm ESTRussian institutions signed eight agreements during a visit of Prime Minister Dmitry Medvedev in Havana, but only three involved actual project funding, and none helps relieve Cuba's tightening energy bottleneck. Medvedev later said that Russia is still working on an energy plan with Cuba.
Photo: Medvedev visits an oil recovery project by a Russian company at Boca de Jaruco
Previous Top Stories
Economy
Q&A: Economic discussion and management in Cuba
Interview with a British economist skeptical of the notion that Cuba's slow economic growth is mostly the result of the government's unwillingness to loosen the reins
Analysis: No energy help from Russia, for now
Venezuelan oil flow rising
Social security expert presents grim view, urges more reforms
Reuters: U.S. dollar makes comeback in Cuba to fight capital flight
World Politics Review: An energy crisis is putting Cuba's post-Castro leadership to its first test
Reuters: Tougher U.S. sanctions make Cuba ever more difficult for Western firms
Reuters: Venezuela boosting oil exports to Cuba, as U.S. ramps up sanctions
Companies
Cuba real estate fund sees drop in asset value
Blaming harsh measures by the Trump administration, Ceiba Investments Ltd. revised its net asset value down 6.7%
Kempinski to open its third hotel in Cuba
First German company sets up shop at Mariel
LGBTQ chain to manage historical hotel in Havana
Reuters: Amazon sued for marketing Cuban charcoal produced on land seized in 1960
Reuters: Cuban American files Title III suit against American Airlines, LatAm Airlines
CNBC: Carnival CEO: Cuba travel ban cost us 4 to 6 cents/share in guidance
Reuters: Cuba says Boeing 737 plane crash last year likely due to crew errors
Politics
Analysis: Who is who in the new power structure?
The main news in the latest round of appointments: No unanimity in the vote
Two key players of U.S.-Cuba normalization to headline conference
U.S. fines GE over business with Sherritt joint venture
Trump administration blacklists more tankers
AP: Cuba's historical generation leaves top legislative body
Reuters: As Trump grows frustrated on Venezuela, U.S. to 'squeeze' Cuba, scrutinize Russia
Reuters: EU stresses support for Cuba even as U.S. hikes sanctions
Miami Herald: The Cuban government will fight Exxon over an expropriation case in U.S. court
BLOG TICKER
Cuba Central: The false spectre of a ‘hidden’ Zika crisis in Cuba
Generation Y: Of conveniences and geographies
Havana Times: The American dream moves further away from Cuban emigres
Progreso Weekly: Command economies do not promote development
The Internet in Cuba: Havana can have 5G before Miami
Data & Maps
-
Less dependency on goods exports — in part due to a collapse of production
Cuba is no longer a country whose economy depends solely on the export of goods. This is not necessarily good news, however, because this change happened not only due to a diversification of sources of income — which has indeed been implemented — but because it is also the result of a collapse in the production of exportable goods.
Read more
-
A first for Havana: The Jan. 27 tornado and its destruction
According to the construction ministry, 3,780 dwellings were affected; of those, 372 are completely destroyed, 518 are partially destroyed. More than 500 roofs were lost and more than 1,800 damaged.
Read more
-
Cuba’s crude oil and natural gas output has practically been stagnating since 2003.
In fact, production of oil fields in the old Havana province (now Mayabeque province), including those of Guanabo, Boca de Jaruco, Santa Cruz and Puerto Escondido, decreased by one-third (-32.1%) over the past 10 years, from a record 1.87 million tons of oil, or 32,350 b/d*.
Meanwhile, yields in Matanzas province helped offset the decline in Havana/Mayabeque. Oil output at the Seboruco, Varadero-Cárdenas, Cantel and Majaguillar fields grew by one-third (34.4%) in the same period, to a record 1.54 million tons or 26,670 b/d in 2015.
Read more
CSETI
Cuba Standard Economic Reports 1
Cuba Standard Economic Reports 2
