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
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Source: Reuters - 🏆 2. / 97 Read more »