Cuba forms yet another rum joint venture
Source : Johannes Werner Tue Sep 10, 08:23 pm ESTAfter years of negotiations, a Norwegian startup will market Cuban-made spiced rum worldwide. The joint venture was quietly set up just before British drinks giant Diageo plc announced its own rum joint venture. Previous Top Stories
Economy
President briefs Cubans on 'temporary' fuel shortage
U.S. sanctions cut off a planned diesel shipment, prompting emergency measures in Cuba
Spanish court dismisses Cuba lawsuit
Government imposes price controls on private sector
British firm proposes investment bank joint venture
Reuters: Cuba unveils tighter rules on non-agricultural cooperatives
Reuters: An island without fish? Cuba aims to tackle problem with law overhaul
Reuters: Cuban government imposes price controls, as it seeks to keep a lid on inflation
Miami Herald: Cuba's foreign debt rising
Companies
First German company sets up shop at Mariel
Plans of the 100% foreign-owned venture include a small manufacturing facility for pumps and hydraulic systems
LGBTQ chain to manage historical hotel in Havana
U.S. travel providers merge
Second foreign company to develop segment of Mariel Zone
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
Charlotte Business Journal: American Airlines shifts Havana flight from Charlotte to Miami
Reuters: Google to announce deal with Cuba to improve connectivity: source
Politics
EU commits to trade and investment, but not loans
The outgoing head of the European Union's foreign service reiterated the bloc's commitment to strong trade and investment ties with Cuba, but the European Investment Bank is missing in action
Trump administration caps remittances, blocks U-turn transactions
Provincial party leader rises to Council of Ministers
Cuba travel bill launched in U.S. Congress
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
Miami Herald: U.S. tells Cuba to back off in Venezuela or face more sanctions
Arnold & Porter: Calm before the storm? What we can learn from the slow start to Helms-Burton lawsuits
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
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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.
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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.
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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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CSETI
Cuba Standard Economic Reports 1
Cuba Standard Economic Reports 2
