Dozens of companies came to the 2017 Cuba Oil & Gas Summit to investigate the country’s oil potential and investment alternatives.
Oil production and prospecting was confirmed last week as one of the activities in which Cuba is most interested in the participation of foreign capital. Scores of companies from 15 countries came to the 2017 Cuba Oil & Gas Summit in Havana attracted by the geological studies pinning hopes on new discoveries in oil areas of Cuban northern coast.
Some 200,000 persons must pay their income tax from last year in upcoming weeks.
With the promise of faster fiscal procedures, a tax process began in Cuba in which some 200,000 individuals will participate, according to the income for 2016 each one declares. Data from the authorities contribute as antecedent a substantial increase in the payment of income tax a year ago.
In an effort to multiply power generation with renewable energy, the Cuban economy is strengthening its alliance with a world leader in new energy alternatives.
This January Cuba confirmed its policy of breaking away from the long dependence on oil when it allied with China, one of the leading nations, by need, in the development of renewable energy sources. During a three-day forum in Havana, the two countries signed 10 agreements to prop the official programme directed at transforming power generation in the Caribbean nation.
There are several scenarios being lived and discerned for food security on the Caribbean islandbased on its ties with the United States, in a new context of relations for the two nations. Regarding the first rapprochements and intentions for the definite elimination of the blockade several stages have to be gone through, not exempt of advantages and challenges.
December 17, 2014 marked a new stage in Cuba-U.S. relations, as the start of a solution to the dispute between both countries which has lasted for more than 57 years.Starting then measures have been taken geared at the future normalisation of economic relations between both nations. Undoubtedly, there is still a long road ahead not free of obstacles but with the spirit and will of seeking and finding the most suitable and mutually advantageous solutionson the table of negotiations and in conditions of equality.
