Raul Castro

Raul Castro News

  • Cuba Vows to Protect Foreign Investment in New Law: Gazette

    Foreign investment in Cuba will only be expropriated for “public or social interest,” according to text of a new law published in the official gazette. * Companies on the Caribbean island can be wholly-foreign owned, with health and education off limits to outside investment * Joint ventures can use foreign credit while workers to be paid in pesos * Foreign companies can hire Cubans directly in “exceptional cases,” law states, without specifying * NOTE: Cuba’s National Assembly approved the foreign investment law last month. * NOTE: President Raul Castro has initiated measures to open Cuba’s economy after he assumed the presidency from his brother in 2008, including loosening of property laws and controls prohibiting private enterprise.

  • Cuban Approval of Foreign Investment Law Signals Castro Shift

    Cuban lawmakers approved a law that allows for full foreign ownership of companies and reduces taxes for overseas investors in President Raul Castro’s latest bid to open up the communist island’s economy.

  • U.S. Jobs, GM Recall, Japan, ECB: Week Ahead March 29-April 5

    U.S. employers probably added more workers to payrolls in March than the 175,000 a month earlier as the jobless rate fell.

  • Castro Seeks Foreign Investment Law as Cuba Economy Slows

    Cuba plans to allow for full foreign ownership of companies and cut taxes for overseas investors in President Raul Castro’s latest bid to open up the communist island’s economy and bolster growth.

  • Cuba Forecasts $8.2 Billion From Doctors Abroad This Year

    Cuba’s government forecasts it will receive $8.2 billion from sending doctors and nurses abroad this year as it announced plans to raise salaries for medical personnel on the Caribbean island.

  • Venezuela Opposition Limits Protest on Chavez Anniversary

    Venezuela’s opposition has scaled back protests that have killed 18 people in the past three weeks as government supporters marked the one-year anniversary of the death of former President Hugo Chavez.

  • Engagement With Cuba Is Way to Undermine Communist Rule: View

    Ever since Fidel Castro seized power in Cuba in 1959, the U.S. has sought to undermine his rule. It hasn’t worked. Perhaps officials in Washington should consider adapting the more successful strategy pursued to undermine communism in Eastern Europe.

  • Castro's Return to Public Could Signal Slower Changes in Cuba

    Former Cuban President Fidel Castro ’s request for an extraordinary session of parliament to discuss foreign affairs was granted today, signaling the retired leader of the 1959 revolution may be taking a greater role in government and recent efforts to open up the economy.

  • Castro Sees Acceptable Cuban Economic Growth of 3.7% Next Year

    Cuban President Raul Castro said that economic growth will be at an “acceptable” 3.7 percent next year as the communist government eases control over businesses and employment.

  • Cuba’s Raul Castro Says This Five-Year Term to Be His Last

    Cuban President Raul Castro said he won’t seek another term after being re-elected yesterday for five years, signaling an end to the Castros’ rule over the communist island by 2018.

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