{"id":255624,"date":"2022-07-23T10:30:37","date_gmt":"2022-07-23T14:30:37","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=255624"},"modified":"2022-07-23T10:30:37","modified_gmt":"2022-07-23T14:30:37","slug":"cuba-approves-businesses-for-20-million-dollars","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/cuba-approves-businesses-for-20-million-dollars\/","title":{"rendered":"Cuba approves businesses for 20 million dollars in first half of 2022"},"content":{"rendered":"

During the first half of this year, <\/span>Cuba approved nine businesses<\/b><\/a> with foreign capital worth some 20 million dollars, Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca reported this Wednesday in a meeting with parliamentarians.<\/span><\/p>\n

There are currently 57 projects under negotiation that have the conditions to materialize for a committed investment capital of almost 5 billion dollars, which, the minister estimated, could take place within a year, according to <\/span>a report<\/b><\/a> by the Prensa Latina state news agency.<\/span><\/p>\n

The nine businesses that received the green light between January and June belong to priority sectors, such as food production, mining, industry, wholesale trade, construction, information technology, telecommunications and biotechnology.<\/span><\/p>\n

Most of these businesses \u201care small\u201d and one of them appears on the list of those approved in the strategic Mariel Special Development Zone (ZEDM), Malmierca stated to the Economic Affairs Commission of the National Assembly of People\u2019s Power in a meeting prior to the plenary session in the coming days.<\/span><\/p>\n

The minister explained that the country is updating foreign investment policies in an effort to eliminate \u201cobstacles\u201d that limit access to foreign financing, which he described as \u201cvital\u201d for the performance of the economy.<\/span><\/p>\n

Currently those who are committed to investing in Cuba \u201cdo so running the risk,\u201d but he considered that there are businesses that are \u201cvery important\u201d and for which it is possible to support partners. He also pointed out that the inclusion of projects with low investment amounts within the island\u2019s portfolio of opportunities is one of the lines of action on which they are working.<\/span><\/p>\n

He also advanced that also in the process of being defined are aspects related to the participation of foreign capital in private businesses, where some experiences could begin soon, and added that the possibility that foreign investment participate in wholesale and retail trade in the country was being considered.<\/span><\/p>\n

Cuba: lujoso hotel Paseo del Prado cambia de nombre y reabre a partir de agosto<\/a><\/p><\/blockquote>\n