E C O N O M Y

• Cuba and Venezuela sign agreements for $1.5 billion in projects
March 1, 2007
THE approval of 355 cooperation projects worth $1.5 billion was the outcome of the 7th meeting of the Cuba-Venezuela Joint Intergovernmental Commission. The closing session, on the evening of February 28, was led by General of the Army Raúl Castro, first vice president of the Councils of State and Ministers.

• High level of economic growth predicted for 2007
February 16, 2007
THE Cuban economy has experienced sustained growth since 1995, the year in which the abrupt fall of indicators, due to the disappearance of the socialist camp, came to a halt.

• Economic growth at 12.5%
January 8, 2007
ON presenting its report to deputies, the Economic Affairs Commission of the National Assembly of People's Power ratified that the economy grew by 12.5% during 2006, the largest growth achieved in the years of the Revolution and the highest in Latin America.

• 2006: Favorable results
November 21, 2006
HOLGUIN.—This year, 2006, has been a year of hard work , with undeniably good results in diverse fields, and an indication that we can do things much better, stated Carlos Lage, member of the Political Bureau and secretary of the Executive Committee of the Council of Ministers at the end of a tour of the province. On the subject of energy, he asserted that with respect to the use of diesel and gasoline, we are still a long way off from achieving the savings that could be made and called for greater control so that fuel can be used for the economy with the maximum efficiency possible.

• Press Release from the Central Bank of Cuba
November 17, 2006
As is widely known, in late 2004, Cuba had to take measures to substitute the Cuban Convertible Peso for the dollar in monetary circulation, with the goal of frustrating the perfidious attempt by the United States government to prevent dollars in cash that had arrived in Cuba via completely legal channels from being utilized to pay for part of our imports of goods and services. At the time, it was extensively explained how the U.S. government was bringing pressures to bear against the Swiss Bank UBS to prohibit it from carrying out its normal business with Cuba.
 
• Canadians inaugurate pavilion at Cuban trade fair
October 31, 2006
HAVANA, October 31 (PL) —. More than 50 Canadian companies and organizations are attending the 24th Havana Trade Fair (FIHAVE 2006), and are to inaugurate their pavilion today.

• Cuba and China sign biotechnology cooperation agreement
October 19, 2006
AN agreement establishing the third joint venture between Cuba and China in the biotechnology sphere, now with the preparation of Neuro-technological products, was signed last night during the closing event of the 2nd Working Group Conference for Cuban-Chinese Biotechnological Cooperation.

• LEADING UP TO THE 24TH HAVANA TRADE FAIR
More than 750 companies from 43 countries and official delegations
from 11 nations
October 19, 2006
DESPITE the ongoing, all-out efforts by the Bush administration to intensify its blockade of Cuba, the island continues to expand its trade relations, as may be seen at the Havana Trade Fair (FIHAV), which opens the doors to its 24th edition on October 30.

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