The National Oilwell Varco received a fine worth millions for two of its subsidiaries’ transactions with Cuba.
Another sanction worth millions of dollars against a multinational company that maintained relations with Cuba appeared as the farewell of Barack Obama’s term in office, after the measures to relax the economic blockade approved by the U.S. president a few weeks ago.
Foreign investments are dominating in the Mariel Special Development Zone, though its directors still describe the advances as discreet.
About 20 projects have received the green light in the Mariel Special Development Zone, three years after being created as a key destination for foreign investments in Cuba. Though the pace of authorisations is not considered good, the willingness to accept 100 per cent foreign capital industries stands out compared to previous common practice in the country.
With the reiterated aim of attracting foreign investments, the Havana International Trade Fair presented a more ambitious Portfolio of Business Opportunities than in previous years.
The Havana International Trade Fair (FIHAV 2016) again opened its doors with the aim of attracting foreign capital, faithful to a Cuban investment policy and legislation that continues awakening strong curiosity in world business circles. The recent evolution of relations between Cuba and the United States intensifies the interest in exploring the host country and the organisers are in a hurry to meet the demand for information and alternatives.
The U.S. president is trying to prolong the policy to normalise relations with Cuba when he has less than three months left in the White House. What are the novelties of the recent Presidential Directive and the measures adopted by government?
The Presidential Directive issued by Barack Obama and the measures that came into force this week to ease the U.S. economic blockade on Cuba caused a big stir in the world’s media. More than a sign of the real reach of the step, the media stir-up probably confirms the magnitude of a bilateral confrontation inherited from the days of the Cold War, but with previous roots in history.
