First 100% foreign-owned renewables project goes ahead

Source : Johannes Werner Tue Oct 23, 09:53 pm EST
Expecting construction of a utility-scale solar farm to begin in November, a small British company is able to go ahead thanks to Chinese funding. Previous Top Stories

Economy

Mexican state oil company joins Cuba conference

The new director of exploration and production for Pemex, which is expanding its role again under a new Mexican president, will talk about "building partnerships and joint ventures" with Cuba Cuba grants more foreign control over investments
While showing signs of recovery, tourism still down this year
Cuba pays third annual installment of Paris Club debt
AP: U.S. agribusiness looks to boost sales to Cuba
Reuters: Cuba lowers economic growth forecast as trade continues to drop
Reuters: Cuba says investor interest up despite U.S. hostility
Prensa Latina: Germany opens office in Cuba to promote trade

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Companies

Tourism minister: Havana airport expansion project 'approved'

During a work visit to Italy, Cuba's tourism minister seemed to describe a megaproject to renovate and expand Cuba's largest airport as a done deal, more than two years after talks began with a French-Turkish consortium Virgin’s new cruise division announces Havana as first port of call
First Chinese company opens at Mariel
First ‘Cuban’ IPO raises $39m
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

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Politics

Spain-Cuba: A close look, as Sánchez is about to visit

The Spanish prime minister's visit to Havana seems to hint at a decisive improvement in Spain-Cuba relations. Trump administration tightens sanctions, may allow U.S. lawsuits
U.S. fines JPMorgan
State Department lowers Cuba travel warning one notch
Miami Herald: Makeup of new Congress could create a different dynamic on Cuba
Reuters: U.S. agriculture coalition meets in Havana despite Trump crackdown
Reuters: Bolsonaro threatens to cut diplomatic ties with Cuba
Reuters: Russia close to granting Cuba €38mln loan to buy arms

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LIFESTYLES

Tony Zamora, 1941-2018

Tony Zamora, a driving force behind Cuba Media LLC, which publishes Cuba Standard, passed away in June, after losing his battle with cancer LaHabana.com: The anniversary issue

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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

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Data & Maps

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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