French bank settles U.S. investigations with $1.3bln payment
Source : Johannes Werner Mon Nov 19, 07:59 pm ESTThe settlement with Société Générale SA is the first major foreign bank enforcement action under the Trump administration and part of a 14-year long string of investigations. The fine — the third-largest ever — makes a return of European banks to Cuba less likely. Previous Top Stories
Economy
Cubans get Internet by phone
After years of preparation, months-long trials, and a test run in November, Etecsa launched a third-generation mobile telephony network with 789 transmitters that can reach 66% of the island's population
Vietnamese company gets Russian support for its Cuba projects
Cuban arrears: Spain provides new funding, Cuba promises faster payment
Canada pitches public-private model for Cuban infrastructure
Reuters: Cuba forecasts slow growth in 2019 as economic woes continue
Reuters: Cuba sees nickel output topping 50,000 tons
AFP: Cuba set to tighten screws on private sector
AP: U.S. agribusiness looks to boost sales to Cuba
Companies
Miami charter airline's flights resume, after Cuba grants permit
Gulfstream Air Charter passengers had to suspend flights for four days after aircraft operator Wow Air failed to obtain a Cuban permit in time
Miami charter airline fails to obtain permit, passengers are stranded
Country star offers fans to join him in Havana
Vietnamese developer breaks ground at Mariel, signs first tenant
Dallas Business Journal: Southwest Airlines balks at American Airlines' new idea for Cuba routes
Seatrade Cruise: Regent delves deeper with two immersive Cuba cruises
Basball America: Cuba baseball expert Peter Bjarkman remembered for his passion
Miami Herald: American Airlines plans daily service from Miami to Santiago
Politics
Analysis: Foreign investment — a new sense of urgency
Cuban politicians have been hyperactive this year to push foreign investment beyond just goodwill statements between governments and modest foreign aid projects
Analysis: Activating Title III of Helms-Burton
Government backtracks on restrictive private-sector measures
Analysis: Sánchez in Havana — the takeaways
Reuters: Brazil's Bolsonaro says he discussed Cuba, Israel, trade with Bolton
AP: Cuba says U.S. unfairly denying diplomatic visas
Miami Herald: Bolton to meet with Bolsonaro next week. Mission? To confront Cuba
Miami Herald: Makeup of new Congress could create a different dynamic on Cuba
BLOG TICKER
Cuba Central: It was only a year ago…
Cuba Trade magazine: No easy fixes for Cuba's water accessibility woes
Generation Y: Absence means forgetting
Havana Times: The reform process, what's changed?
Progreso Weekly: To grow old in Cuba, preserve your wings
The Internet in Cuba: Cuba's (hopefully limited) ADSL expansion
Data & Maps
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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.
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Hurricane Irma: Costlier than record storm Ike
Assessing the damage two weeks after the storm, official daily Granma said “it wouldn’t be surprising if the cost exceeds that of Ike in 2008, the most destructive hurricane in this century, which was estimated at 7.325 billion pesos”. Today, this figure would be equivalent to 9% of Cuba’s Gross Domestic Product in 2014, or one-fifth of all tax income collected by the government in 2016.
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Cuba's water crisis: It's not all due to climate change
Cuba has one of the largest water reservoir systems in the Hemisphere, per capita and territory. Conceived for a planned economy that no longer exists, Cuba’s current water reservoirs largely exceed the needs of the country. Ironically, there is a chronic water deficit for consumers and in almost every economic sector.
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CSETI
Cuba Standard Economic Reports 1
Cuba Standard Economic Reports 2
