{"id":266685,"date":"2023-03-15T17:43:29","date_gmt":"2023-03-15T21:43:29","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=266685"},"modified":"2023-03-15T17:43:29","modified_gmt":"2023-03-15T21:43:29","slug":"italian-company-announces-upcoming-opening-of-shopping-center-in-havana","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/italian-company-announces-upcoming-opening-of-shopping-center-in-havana\/","title":{"rendered":"Italian company announces upcoming opening of shopping center in Havana"},"content":{"rendered":"

The Italian company <\/span>Italsav<\/b><\/a>\u00a0announced the upcoming opening of a joint-management shopping center in Havana, according to the ANSA news agency.<\/span><\/p>\n

\u201cBy September we will open the first Cuban joint-management shopping center in Havana, always leaving the sale and the staff to the Cuban State, but we will be in charge of the direction and choice of the products,\u201d said Berto Savina, owner of Italsav, <\/span>quoted by<\/b><\/a> the Italian news agency.<\/span><\/p>\n

The initiative has the collaboration of businessman Mauro Fusano, owner of Maury\u2019s group, one of the most important large-scale specialized retailers in Italy, the news agency notes.<\/span><\/p>\n

The information, however, has not been confirmed by the island authorities. The report also does not specify which Cuban entity will share the management of the shopping center with the Italian company.<\/span><\/p>\n

According to ANSA, \u201c<\/span>Italsav\u00a0has been transporting basic need products and materials to Havana for more than thirty years, and during the pandemic it also donated safety devices and syringes to the Cuban State, to help the country during the COVID vaccination campaign.\u201d<\/span><\/p>\n

The report recalls that Savina\u2019s collaboration with the island began when he opened \u201cseveral TODOX stores, where everything inside cost only one dollar.\u201d<\/span><\/p>\n

Cuba then granted it a commercial license that gave \u201cthe <\/span>Marsy\u2019s<\/b><\/a>\u00a0company the possibility of increasing its turnover, turning it until now into the first importer of cleaning products for Cuba with more than 150 outlets.\u201d These outlets are divided between <\/span>hygiene products<\/b><\/a>, souvenirs and clothing stores, with an average shipment of between 70 and 80 containers per month, with a total turnover of 150 million euros in ten years.<\/span><\/p>\n

Italsav has also made various donations to Cuba. One of them is \u201cthe largest children\u2019s playground in South America dedicated to dinosaurs, with a 1:1 scale reproduction in which the animals reach up to 15 m in height, for a total area of 500 square meters,\u201d ANSA said.<\/span><\/p>\n

Cuba allows foreign investment in wholesale and retail trade<\/a><\/p><\/blockquote>\n