HAVANA - Cuba said on Wednesday the country had attracted $1.7 billion worth of foreign investment over the past year despite a tighter U.S. trade embargo and worsening cash crunch, although it did not reach its goal of $2 billion to $2.5 billion annually.
Cuba’s Communist government passed a new foreign investment law five years ago and created a special economic zone just west of Havana boasting tax and customs breaks with the hope of attracting more foreign capital to boost its ailing state-dominated economy. But Cuba’s economy has lost some appeal in recent years as it has entered a crisis due to the implosion of key ally Venezuela and a resulting decline in subsidies. Over the past year, there have been shortages of everything from fuel to medicine and certain foodstuffs.
Awesome! Great news for the people of Cuba. 🇨🇺 sanctionsmustgo
The Regime may have most of it ? OddlyEnough reuters
USA sun is going on its way to set - just need little more time -enough double standards
Pues que saquen sus espías, mercenarios y esbirros de Venezuela y de toda Latino América. Han bañado a todo un continente en sangre.
Oh. Let me guess, Russia, China?
Us sanctions are marely trump Sanctions ,so they are not stand for development
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »