Invest in Cuba Oceanfront Homes

 New ways to invest in Cuba and buy oceanfront homes

Prior to the revolution of 1959, for decades, Cuba embraced capitalism and issued stocks and bonds for commerce and infrastructure. Cuba has, to date, defaulted on its issued bonds and they no longer trade on the New York Bond Exchange because of the Helms Burton Law. Since the ascent to greater power of Raul Castro, many investors are once again looking for enlightened change in Cuba and want to invest, in some manner, to benefit from increasing GDP and business within Cuba.

The plans to invest in Cuba marched very well in Havana of end of the Nineties. The government had authorized a Canadian firm of entrepreneur, interested in investing in Cuba, the construction and sale of oceanfront apartments and even signed a contract of $250 million dollars. However, Fidel Castro cancelled the project, which provoked not few critics and disappointment in others interested by the idea of investing in Cuba.

A decade later, the possible construction and sale of oceanfront homes  seems increasingly; although the expert on the subject suggest to go slowly and to study the steps adopted by the government , presided by Raul Castro in the form of investing in Cuba. The Cuban president recently signed an executive order, providing a green light to the expansion of projects to invest in Cuba, which includes the construction of 16 golf courses, in beach areas. These fields would be surrounded by luxurious oceanfront, whose prices would oscillate between 250 thousands and the million dollars. The Cuban Minister of Tourism, Manuel Marrero, declared that as of January of 2011 the negotiations with prospect investors will be opened to those interested on investing in Cuba in the construction of 16 golf courses; even thought the official stated there are already four projects that are well advanced in processing permits.

Invest in Cuba Beachfront Condos

The reasons for the sudden change in the government of the Island are in which it would represent the Cuban tourism to obtain a leap towards an unexplored segment: the one of luxury travel, that it has between his potential market to the United States, a nation that counts on almost ten thousand clubs of golf players and three million yachtsmen, many of which, in case of a relaxation from the Washington embargo, could be interested to invest in Cuba. Among the most developed concrete proposals is that of a group of British businessmen seeking, and to construct a second golf course in the main tourist to invest in Cuba, specifically in Varadero, where they intend to build a second golf course and the main tourist attraction of the island. Besides the playground, they would rise 900 houses, many of them in facing the  sea and an pleasant comfort luxury, since the cost of one of these houses in front of the ocean could exceed a million dollars.

Another proposal to invest in Cuba, lead by a group of Canadian investors is a plan to construct two golf courses and nearly 2,000 homes in the exclusive seaside area of Guardalavaca, in the province of Holguín, the eastern part of the country; a popular tourist destination which attracted two million, 430 thousand visitors in 2009. Included in the list of prospect investors in Cuba is a group of Canadian who would finance the Bellomonte project, in the beach of Guanabo, in the capital of the country. There the idea is to construct a golf course, a small marina and 800 homes.

In spite of the great media coverage that its received the new law on the possibilities to invest in Cuba, Minister Marrero, himself clarified several aspects because the procedures of the operations are not yet defined, specifically those related to the people that could acquire the beachfront properties, those that could invest in Cuba, as well as if the owners could sell the land. Experts concurred on emphasizing these concerns when the Cuban government, as of 2011, offers more details on the operations, then one could only expect a true interest to investing in Cuba.

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INVEST IN CUBA IS HIGH RISK!

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  FOREIGN INVESTORS FRUSTRATED BY CUBA INVESTMENTS

Cuba's Foreign investment Strategy announced in 2012 spoke positively of attracting more international investors and Cuba wanted to increase foreign investment from international mutual funds and stock market pension fund investors. The Cuban's did a strategic review of the long Cuban investment approval process and came to the conclusion that special economic free trade and Investment zones like joint venture golf courses, Cuba Insurance, real estate, marinas and new manufacturing investments are being  planned all over Cuba.

Cuba may want more foreign investment dollars but there have been more promises to change rather than actual investment changes that have many barriers to true foreign investment in Cuba.

Many other countries and their international insurance investment and mutual fund companies, America, Europe, China, Russia and Brazil to Singapore and various European Union members, have expressed desire to invest in Cuba despite the silly American U.S. trade embargo against Cuba.

Unfortunately the Cuban government is demanding at least a 51% majority interest in all joint ventures and is dragging its heels or obfuscating in negotiations. The main obstacle is that Cuba wants to maintaining its independence and sovereignty without any risk on their part without consideration to the Investors risk of loss of their investment which Cuba will eventually control.

Cubans have an historical problem with Communism, free enterprise and Cuban nationalism. Cuban investment organizations are simply not interested in minority shares so Cubans can say that no foreign company owns a piece of their island of Cuba. Many foreign investors complain the Cubans insisting on 51 percent ownership of all new Cuban Joint ventures so that Cuba keeps effective control of the entire business.

CUBA INVESTMENT RISK

CUBA HAVANA INVESTMENTS With President Castro of the Council of State and Council of Ministers of Cuba Raul Castro. (Photo credit: Wikipedia)

Cuban investments have been signed in important agreements many years ago with poor results blaming the Mutual fund investment delay on critical issues such as Cuba's two parallel currency exchange rates.

 When international investors drill down into the fine details the Cuban investment funds become cloudier and hazier the deeper you dig. In the end one investor said it clearly " the Cubans are very nice people but when it comes to foreign investment, Mutual funds, Insurance, home mortgages and financial investments in Cuba the control of 100% of your money is in their hands with absolutely no possibility of recouping even one penny if your Cuban business investment runs into problems. The risk of Investing in Cuba is 100% against you from the start because the Cubans make some of the rules in your favor today only to change all the rules against you in the future when its time to start making a profit on your initial high risk Cuban investment.

Another Investor from America stated the slow Cuban government is decades away from turning its Cuban Investment plans into reality.  Cubans have been trying to invest in new businesses in the promised special economic zones, only to be told to come back next year after the Cuban Investment law that was introduced by the best Cuban Lawyers was approved.

In short if you want high risk low reward investments then Cuba is your best bet today. However everything can change in an instant as soon as American president lifts the economic sanctions against Cuba. This would send Cuba investments in Home mortgages, Health care, Insurance, and real estate into the hottest investment market on the planet.  Investing in Cuba should be done with a long term capital appreciation horizon like an retirement pension fund.

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INVESTMENT IN CUBA

Havana Hotel Investment In Varadero Cuba By American Investors

AMERICAN HOTEL INVESTMENT IN CUBA
The Cuba investment opportunities of the last sixty years of the 20th century shows that the deregulation of the Cuban economy and of American Hotel investment process was zero and did not bring about any communications between American Investors interests and those of international foreign investors. Economic policies and strategies were required yet not supported by adequate instruments to implement them that would better guide the investment flows.

Investments in main productions and basic services  such as communications, power generation, oil refining were carried out by foreign companies. Banking system were controlled by U.S. and English investment banks. The best lands were in the hands of sugar and cattle corporations from the United States, and Cuba controlled 75% of Cuban foreign trade. A few years later, the American companies displaced the companies from other countries, and 95% of the accumulated foreign investment corresponded to American interests.The majority of the Cuba economic control of society went hand in hand with political control. 1950 facilities were created with the purpose of undertaking a  resort and casino tourist development  with financing and credits that were granted with international and national financial resources to encourage foreign companies to build hotels on the best beaches of Havana, Varadero and Cuba

OLD INVESTMENT IN CUBA
In 1959 foreign investments in Cuba came to an abrupt end thanks to Fidel Castro and the Cuban revolution. Foreign companies were nationalized and agreements were signed with almost all countries whose enterprises or citizens had been affected with the purpose of granting due compensation. Although the Cuban government proposed a plan to compensate the U.S. companies and citizens, Cuba found it impossible to discuss a solution with U.S. administrations who refused to negotiate and have forbidden the affected American investors and individuals to negotiate directly with Cuba. One of the most famous hotels to be confiscated was the Hotel National De Cuba.

In the 1990's Cuba changed direction again when the first joint venture was created between a Cuban enterprise and a Spanish company with the purpose of building a chain of luxury hotels on the best beaches of Cuba in the tourist resort of Varadero on the basis of Decree-Law No. 50 of 1982. Many  foreign investors suspected that the Melia hotels were owned indirectly by Fidel Castro.

The change in Cuban investments attitude started a huge growth wave of investment in resorts and hotels from 1991 to 1999, foreign investment was accelerated as the most important investment for Cuban authorities to recover from the serious impact to the Cuban economy caused by the loss of Russian investment and the economic links with other Socialist countries in the framework of the Council of Mutual Economic Aid (COMECON). The economic loss resulted in the loss of 35% of Cuba's GDP in the first three years of the nineties with strong economic and social effects. In 1998  to 2001 foreign investment expanded and more resorts  and hotel deals were signed with important partners in new tourism sectors.

Fidel Castro stepped down and Raul Castro opened the flood gates of Foreign Investments into Cuba as investors from 46 countries operate in almost 400 ventures in 32 sectors of the Cuban economy; 52 % of those investors are from European Union countries: 24% from Spain, almost 15% from Italy, 4% from France, 3.5% from the United Kingdom. Tourism, Oil and Gas, Mining,Energy and Telecoms are the main sectors of investment. Thus, foreign direct investment, focused on the search for new external markets, competitive technologies and financing  has played an important role in the country's economic recovery.

Invest In Cuban Beach Front Property Near Havana Varadero Cuba

CUBA BEST LOCATION FOR INVESTORS

Cuba is located in a region whose share of virgin investment beaches in terms of world investment is rapidly growing as top international hotel groups look at Cuba for future developments. This, together with Cuban beaches potential and North American integration process, makes hundreds of business people contact the Cuban Economic Development And Investment Office of the Cuban Embassy in Havana in search of information about investment opportunities in the Cuban beaches and resort hotel and real estate sectors.

Foreign investment is not associated to a privatization process in Cuba; it is rather focused on specific objectives that focus on Cuban development opportunities that are important to offer much higher investment returns for foreign capital involvement.

In 2003, the National Assembly of the People's Power (Cuba's Parliament) approved a number of foreign investment amendments to the Constitution of the Republic of Cuba with a view to allowing real estate ownership for private investors and joint ventures were legalized and  defined.

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CUBA MAJOR REAL ESTATE REFORMS

Cuba Travel Guide

CUBAN'S  CAN BUY AND SELL PROPERTY
Havana. Cuban Communist Party leaders say Cuba will try to balance its budget, repay all its foreign debt, no longer support loosing state operated companies, and finally allow Cubans to buy and sell their private property according to a new blue print circulated in front of a major congress designed to save Cuba's cash-strapped island from total financial disaster.

The economic reform paper was given out to all the local Cuban party activists this week during a meeting by the new President of Cuba, Raul Castro, in which he announced that Cuba would hold a do or die Communist Party Congress in Havana next year. The economic document recommends abolishing the dual-currency system and seeking new ways for individuals to finally be able to buy and sell thier own private property without hassles. These proposals are not new, however having them discussed openely in public makes clear that the congress will be allowed to set a new economic direction for Cuba at least in terms of economic ideas.

CUBA CHANGES ECONOMY
The last meeting which last took place in 1997, has been traditionally used to announce major policy changes and its to be held at least every 5 years, but it has been delayed repeatedly as Cuba had to deal with health issues of Fidel Castrom and a serious financial crisis. There has been predictions that the future of former Cuban president Fidel Castro's role as the head of  the Cuban Communist Party chief might also be discussed at the congress. A Communist Party meeting also stated that will be held at some later point in the spring of 2011 however Cuban President Raul Castro made no mention of his brother, Fidel Castro, in his speech."The Sixth Party Congress will concentrate on a solution to our economic problems," stated Raul Castro on Cuban TV.

The economic report will outline areas for discussion that gives a accurate assessment of Cuba's current economic devastation, saying that Cuba now suffers from a terrible innefficiency and a lack of capacity in both production and infrastructure and a much older aging population. The report also states that Cuba has suffered a great deal due to a 2003 decision to attempt to centralize control over foreign currency, with layers of bureaucracy that make it almost impossible for state owned businesses to operate properly.

CUBAN ECONOMY
The Cuban economic paper is titled "Guideline Project for Economic Policy," and clearly states that inefficiency and incompetence have grown expotentially by neglect and a little bit of simple bad luck. From 1997 to 2009, Cuba lost $10 billion Dollars because of a drop in world prices of the products Cuba sells most including sugar, tobacco and nickel, combined with and a spike in the prices of products it is forced to import, such as oil and many basic foods. The same document states that Cuba, the island was hit by a record 16 hurricanes in that approximate period, causing another $20 billion in damage to the island. That $30 Billion dollar damage has been an enormous blow for a country with an annual gross domestic product thought to be about less than $40 billion . However the proposals makes it clear that there will be no change in Cuba's communist one-party, socialist political system.

Raul Castro stated in the Cuban newspapers "Socialism is still capable of overcoming the current difficulties and preserving the victories of the revolution,". This summit of the Cuban Communist Party congress came at a celebration of the 10th anniversary of an economic agreeemnt with Venezuela, which has become Cuba's most important benifactor by sending billions of dollars worth of oil to Cuba every year just to keep the Cuban economy afloat. Castro also stated that the meeting will make important decisions on how to modernize the Cuban economy and implement economic and social policy of the Cuban communist party and the revolution of Cuba.

CUBA AND VENEZUALA
The younger Cuban leader was together with Venezuelan President Hugo Chavez, who promised to continue supporting the Cuban people both economically and politically, as the two countries reaffirmed the pact for another decade.  President Chavez praised Cuba's Castro brothers for having the courage and vision to change the world. He stated "Raul's courage in modernizing socialism must be recognized," adding that his government would "join" the island going forward.

Since Raul Castro took over from his older ailing brother Fidel Castro in 2006 temporarily, then permanently, Raul has pursued a series of major economic reforms for Cuba. In the summer, Cuba announced it was laying off a 500 thousand government workers while opening up new sectors for private citizens to start  ther very own private businesses for the first time. Those layoffs will be completed by this spring , just ahead of the economic congress.


RAUL AND FIDEL CASTRO
Raul Castro also has begun to roll back the deep food subsidies, utilities and many other public services on which Cubans have depended upon for many decades. Former Cuban President Fidel Castro who just turned 84, still remains the leader of the Communist Party and is still referred to as Cuba's commander in chief.
After five years out of the public realm, the revolutionary leader bounced back on the political landscape this sumemr and now makes frequent appearances to discuss world affairs, particularly his fear that a nuclear confrontation between the United States, Israel and Iran is inevitable.

Since Fidel's health improved, many speculated Fidel would step aside from his top party position at the next party congress however Fidel has shown no sign that he is ready to step aside and leave Cuba in the hands of his younger brother. Cubans must now wait till the next Cuban congress to see how this effect the future of Cuba.


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TRAVEL, LIVE AND INVEST IN CUBA

Live and Travel in Havana Cuba

 TRAVEL AND INVEST IN CUBA 
Over 50 years ago Cuba was blocked from the mainstream propaganda of the rest of the world while trying to create a prefect revolutionary dream island. The world has changed dramatically since then and Cuba has not.  Cuba is still living in that perfect time trap called the island of dreams. Now is the moment to travel to Cuba, Havana. Varadero and the rest of Cuba to explore this beautiful exciting country that has so much to offer.  Whether you are an international entrepreneur, or want to live a exciting peaceful life  while living part-time or full-time in Cuba, or maybe you are not interested in going through another long cold winter and prefer a mild tropical climate, Cuba is a realistic picture of living in a hot romantic Latin American country that teaches you to deal with the many challenges you will inevitably have to enjoy on your Cuban Vacation.

CUBA TRAVEL GUIDE
The Cuba Guide is perfect for anyone seeking a safe, affordable vacation place to travel to or even to live away from the United States and Canada. The Cuba investment guide teaches tourist the rules of Cuba & Havana investments, secret insider information and invaluable data about all aspects of living in exotic island of Cuba. You can learn Spanish, travel the Cuban beaches and even find companionship.  You can even start your own Cuban travel businesses. Cuba has the most population and is the biggest island in the Caribbean.
Havana City is Located only 90 miles from the U.S. mainland, Cuba - sometimes called the "Jewel of the Caribbean" for its natural beauty, boasts 100's of miles and miles of breathtaking terrain, towering mountains, amazing landscapes, hidden colonial towns and a couple of modern lost world cities.

HAVANA CUBA BEACHES
Cuba boasts over 400 unspoiled white sand beaches, panoramic bays and inlets surrounded by the beautiful crystal clear waters of the Caribbean sea have always been the island´s of Cuba's main attraction to both Tourist and Cuban investors. Cuba offers everything for every investors taste and lifestyle.   Cuba's "Varadero News" has predicted that Cuba would someday become the baby boomers´ retirement haven of the future predicting mass new migration of retired tourist and investors that will start to immigrate to Cuba, lured by the natural beauty and low cost of living to stretch their shrinking pensions, reasonable health costs and warm weather.  Cuba will be the hottest destination due to its proximity to the United States and the relative lack of propaganda.

CUBA INVESTMENT GUIDE
Cuba is perfect for the smartest entrepreneurs since foreign investment is now open and countless small enterprises are starting to grow in the Cuban cities.  Cuba's 11.5 million people are the largest potential natural market in the region.   Canadians and Europeans have been pouring money and investment into Cuba properties since new foreign investment laws have been relaxed in 2010.  The country´s new investment law allows foreign businessmen to own businesses, their offices and their housing.  Cuba has left the Cold War behind and is now ready to participate in the emerging global economy.  It is now time to get your foot in the door before the gold rush begins and hordes of entrepreneurs carve up the island completely.  A few of the reforms made to the Cuban economy in the last 10 years have created limited self-employment, legalized the use of U.S. dollars and encouraged foreign banking and investment.  Additional advantages for foreign investors include a highly-educated and well-disciplined labor force, tremendous opportunities in tourism´s untapped areas, and an improving infrastructure.

Conditions for investing and living in Cuba are getting better, yet no one can foresee the future with absolute clarity yet given the events of the last couple of years and the direction that Cubans are currently moving,
its safe that the predictions is that Cuba is on the verge of becoming one of the fastest growing economies in the world.  Cuba Investment Guide gives you the current realities of Cuban living and investing in the best places in Cuba, including Havana holidays, Varadero vacations, Cayo Coco, Cayo Largo, Santa Lucia, Saroa, Trinidad and the best beaches in all of Cuba.  The important questions are to find out what is required to become a legal resident?  Can I meet these requirements?  What is the cost?  How often does residency have to be renewed, what are the conditions of renewal and what is the cost?  What is required to visit, or while you are waiting for residency and What is the political situation?   What about income taxes, and other taxes such as sales tax, import duties, exit taxes and vehicle taxes?

CUBAN INVESTMENTS
Investors will need valuable information about rental property, purchasing property, telephone and Internet communications, Cuban travel and transportation, food, Restaurants, hobbies, Golf clubs, supplies and assistance.  In Cuba you will learn about the Cuban culture including the wild Cuban night life and entertainment, recreation.  Cuba is also famous for its low crime rate, detailed investment and banking system, sanitation and the rights of foreigners are all protected by the Cuban  government, Legal, Cuba  health care, Medical, and Financial professionals, and even Domestic assistance.  This is one of the best investments in Cuba available for everyone that is interested in studied and written about living and investing in Cuba for decades.

FRIENDLY CUBANS
The people of Cuba are warm, hospitable, fun-loving people famous for their keen sense of humor and
knowing how to enjoy life and getting together for singing and dancing.  Cuban friends will even take you into their homes to meet their families despite the poor relations with American government the average Cuban will treat Americans with courtesy and respect.

CANADIAN AND EUROPEAN TOURIST
Canadians, Europeans and others have been traveling in droves to Cuba for years to escape harsh winters.
 Cuba has around 325 days of warm sunshine each year.  The mild climate agrees with most people and Cuba´s longevity rate is higher than most developed countries. The healthy life-style is also due in part to Cuba´s world class doctors and extensive health care system.  Cuban doctors are very well trained and hospitals are good, and foreigners are guaranteed excellent Cuban health care treatments.  Cuba´s health care system is very good yet its easy to travel to America Canada or even Europe in case of emergency.
Non American Tourist and investors have been loving this exotic Cuban paradise for the last couple of decades. Now its your turn.  Come to Cuba to Travel or to start a new and exciting life and take advantage of all the wonders this beautiful country has to offer.  Investing in the new Cuba is the antidote you need to live your life the way you want it and to achieve your goals.  If you want to visit Cuba now is the time that you´ve been waiting for?

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TOP USA OFFICIAL MEET CUBAN LEADERS IN HAVANA

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US-CUBA RELATIONS IMPROVING SLOWLY

Cuba, Havana.  Cuban officials offered optimistic during discussions on increasing migration with U.S. diplomats yesterday even though there was no reference on other problematic issues such  as the jailing of an American contractor accused of spying for the USA while working in Havana.

Cuba's minister of foreign affairs, Dagoberto Rodriguez, had gracious meetings with American counterpart Craig Kelly, an American assistant secretary of state for Western Hemisphere affairs and the highest ranking American official to come to the island in 20 years.

The historic meeting took place in an atmosphere of mutual respect. The Cuban side said  the talks went very well with many issues including Cuban Hospitals and medicine were discussed and was wrapped up at an secret location in Havana. The American Government had no official comment on the talks, which lasted over 6 hours. The American delegation also met with Cuban dissidents later Friday, according to a leading human rights activist who told the international news reporters that he was among those invited to attend.

The regularly scheduled migration meetings were almost canceled between two Cold War enemies that have been blaming each other for years over a range of problems. Last year Cuban officials arrested an American contractor who was in Cuba on a program financed by the U.S. Agency for International Development which Cuba accuses of being a subversive spy agency for US Intelligence operators.

The accused American spy been held without formal charge in a well furnished penthouse at Havana’s high-security Villa Marista jail. Cuban President Raul Castro has said officially that the American Contractor was spying, and that his presence was more proof that Washington is saying one thing publicly but still trying to damage Cuba’s government 50 years after the revolution started.

This American Aid Program that was begun under President George W. Bush devotes millions of US Taxpayers dollars to the promotion of democracy on the island yet has been accused by the Cubans as being nothing more than a front for American spies to filter into the Cuban island paradise to foster discontent among Cubans.

The American company that employees the American spy is Bethesda, Maryland-based DAI, and there story is that he was distributing communications equipment to Cuba’s minute Jewish community and not to Cuban dissidents. Unfortunately for him this specialty communications equipment is tightly controlled by the communist government.

U.S. diplomats are concerned about the timing of the Cuban arrest, saying he had been to Havana many times before without problems on the same program and never had a problem. The American Ambassador issued a video Thursday requesting his release and saying he loved Cuba and was a humanitarian not a spy.

There has been many rumors that Cuba will eventually trade the American spy for five Cuban agents that were falsely arrested and imprisoned in Miami since the 1990s after being convicted of spying. Cuba sent them to combat terrorism against Cuba and considers them anti-terror fighters who were trying to shut down a bombing campaign organized and led by fiercely anti-Castro Cuban-Americans.

Cuban government leader Ricardo Alarcon did not  answer any questions on Friday, but said Cuban authorities would use the good faith of the immigration talks to bring up the fate of their own agents.

Alarcon added that Havana has offered to expand many other issues and continue open and fair discussions with the United States, and is still waiting for their answer. Cuba is  hoping that the United States will respond to the additional proposals Cuba has made in efforts to reach agreements in other areas like the fight against terrorism, drug-trafficking and also the possibility of improving the immigration accord.

U.S. officials have not accepted nor replied to the Cuban offer, describing it as a vague proposal to continue talking with no concrete policy changes on their part. US officers say Cuba should have already responded to the good-faith gestures President Obama has already taken, such as loosening all restrictions on travel and remittances for Cuban Americans to travel to Cuba to visit thier families.

Hotel Investments in Old Havana

Cuba however, stated it hoped that future negotiations could convince Washington to end their unfair immigration policy known as "wet foot, dry foot where Cubans reaching American soil are granted instant asylum, while those captured at sea are deported back to Cuba.

The U.S. delegation would not continue additional meetings with Cuban officials on the side issues until after these immigration talks have been completed.

The leader of the independent Cuban Commission on Human Rights and National Reconciliation, said he and many other popular Cuban opposition leaders were invited to talk to the American delegation following the official discussion were completed.

Meetings with the Cuban dissidents have become routine when American diplomats travel to Cuba. These open meetings with the unpopular dissidents are a thorn in the Cuban government image and is sure to upset Cuban leaders, who have repeated that the dissidents are highly paid stooges of Washington anti-Cuba propaganda.

Cuba and the United States have been waging a nonstop war of words in for over 50 years over nearly every issue possible, from President Barack Obama’s performance at climate talks, which Cuban Comandante Fidel Castro called deceitful and demagogic, to the U.S. relief effort in Haiti, which he termed an another illegal occupation of a suffering nation.

However the crowing glory of upsetting actions by the USA again Cuba in which Cuba is  particularly angered by is Obama's unexpected decision to continue to include Cuba on its International list of state sponsors of terrorism even though there is not a shred of evidence to support this cold war claim.

There are also the thorny issues such as Washington’s persistence that Cuba open its one party political system to democratic reform and free hundereds of jailed political prisoners, and Cuba’s unbending demand that Washington drop its 50 year blockade and stop interfering in what Havana considers its internal affairs.

Cuba experts all agree that the incident over the American Spying contractor is just  another sensitive issue to a long list of problems between the two countries.

Anything that complicates U.S.-Cuba relationship is definitely not going to help bring the two sides together.

The Cuban-USA immigration talks that were started in 1994 and were suspended by Bush were resumed in July and are to be held bi-annually. Their purpose is to monitor the terms and implementation of the previous immigration agreement under which the United States issues at least 20,000 emigration visas to Cubans per year via a Cuban Lottery system. So far the talks have not centered around the possibility of American companies traveling and investing in Cuban Hotels nor investing in the Cuban economy. We will keep you posted.