CUBA INVESTMENTS: Venezuela

Showing posts with label Venezuela. Show all posts

3/05/2013

CUBA INVESTOR HUGO CHAVEZ DEAD!

Venezuelan President Hugo Chavez Dies Today of Cancer

FIDEL CUBA SORRY HUGO CHAVEZ DEAD!

Cuba's top investor has died today at the young age of 58. Venezuelan President Hugo Chavez was pronounced dead by Nicolas Maduro Vice President of Venezuela who officially announced the death on national television.

Chavez was suffering fro cancer for many years and was recently had surgery and was treated with experimental drugs in Cuba. Cuba medical doctors reported that Chavez had a severe infection that was spreading quickly due to the chemotherapy treatments and the weak state of his health

Hugo Chavez was one of Latin Americas most colorful leaders with his customary revolutionary combat fatigues. He was a very controversial figurehead and long time protege to his best friends Fidel Castro and his brother Raul Castro the President of Cuba. Hugo Chavez extended billions in free credits to Fidel & the people of Cuba in the hopes of strengthening their Latin relationship. Venezuela gave billions in free oil tankers to Cuba and Fidel reciprocated with millions in free health care & education to the poorer people of Venezuela.

English: The Cuban leader Fidel Castro. Españo...

The Cuban leader Fidel Castro mourns the loss of his friend Hugo Chavez. (Photo credit: Wikipedia)

Chavez was also one of the key figures in the Latin Axis of Evil which Included Fidel Castro, Hugo Chavez and Evo Morales of Bolivia. The infamous Latin trio were trying to build support in favor of a Latin free trade zone which would shut out the United States of America. The radical idea did not catch on as many other Latin countries are too heavily dependent on the USA.

Under President Chavez Venezuela became one of the richest Latin countries mainly die to the high price of oil and the thirsty needs of the American consumers of energy. He also brought much more education, schools, hospitals and clinics to the very poor from every corner of Venezuela.
Hugo Chavez was loved by the poor, hated by the rich and a true David and Goliath figure to most of Latin America revolutionaries along with Che Guevara and Fidel Castro. He will be buried in Venezuela and funeral arrangements are being made by the Venezuelan state.

Hugo Chavez Facts:

Hugo Rafael Chávez Frías
Born: July 28, 1954, Sabaneta
Presidential term: February 2, 1999
Political Party: United Socialist Party of Venezuela
Spouse: Marisabel Rodríguez de Chávez 1997–2004 and Nancy Colmenares 1977–1995
Four Children: Rosines Chavez, María Gabriela Chávez, Rosa Virginia Chávez, Hugo Rafael Chávez
Educated: Military academy of Venezuela, More

http://Calls2Cuba.com

1/24/2012

CUBA NEW BUSINESS OPEN

English: HAVANA. President Putin with Fidel Ca...

Image via Wikipedia

BUSINESS IN CUBA
HAVANA, Cuba registered a slight increase in the number of foreign investment projects last year, the first rise since authorities began winnowing out foreign ventures they deemed ineffective or corrupt in 2003, according to a government report seen by Reuters on Monday.

The report by the Foreign Trade and Investment Ministry said the country was involved in 218 joint ventures, compared with 211 in 2008, and had 69 hotels under foreign management, up from 63 the previous year.

The increase was the first reported since 2002. After that Communist authorities began closing many of the 404 ventures and 313 cooperative production agreements then in existence, mainly with Western partners, alleging they did little for the economy and were often corrupt.

The report said there were currently just 14 cooperative production agreements, where an investor receives part of the profit or product produced, but holds no shares.

The increase in foreign investments came despite a severe financial crisis and just a year after President Raul Castro formally took over from his ailing brother Fidel Castro in 2008. But local economists said it was too early to say if the change was the result of a change in government policy.

Hurricanes, the international financial crisis, U.S. sanctions and a sluggish state-dominated economy left Cuba short billions of dollars in 2009.

Foreign Trade and Investment Minister Rodrigo Malmierca told the National Assembly in December that 46 of the investment agreements with foreign companies were abroad, many of them in Venezuela, China and Angola.

Cuba has pharmaceutical ventures in Iran, India, China, Brazil and other countries, works construction in Angola and Vietnam, operates a hotel in China, and is involved in numerous projects in Venezuela, whose President Hugo Chavez is a top ally.

Inside Cuba, Malmierca said joint ventures were predominantly with investors from Spain, Venezuela, Canada and Italy, in sectors such as tourism, oil exploration, communications and mining.

Details of many joint ventures were not disclosed, but official media reported during 2009 deals for two hotel projects with Qatar, a fishing venture and four oil exploration contracts with Russia, an electronics assembly plant with China, and a paper venture with a Spanish firm.

U.S. law -- long aimed at isolating Cuba -- bars American companies from investing on the island, though they may hold a minority stake in foreign firms with less than 50 percent of their operations in Cuba.

Since the collapse of its former benefactor, the Soviet Union, threw Cuba's economy into deep crisis in the early 1990s, Havana has allowed some foreign investment under strict government control.

Cuba opposes privatization on principle and views foreign investment as merely "complementary" to the state-run economy, with foreign investors adding technology, management skills, financing and markets. Joint ventures are with Cuban state partners that usually hold 50 percent or more shares at home and a minority stake abroad.http://Calls2Cuba.com