Cuba Currency & Money Guide

After entering into force the new measure that allows individuals in Cuba to obtain bank loans, the Central Bank of the island make changes that lead to the application of new rates.

After entering into force the new measure that allows individuals in Cuba to obtain bank loans, the Central Bank of the island make changes that lead to the application of new rates.

Interest rates on deposits and credits are a mechanism that contributes to financial stability and profitability of banks and other sectors of the economy that benefit from financial activities.

Differentiated between active and passive object of his application, they are related by their impact on bank profitability and its impact on the macroeconomic framework.

The level of deposit rates for individuals currently applied by the BCC supports up to 72 months time, ranging from 0.50 to seven pesos a month.

While lending rates for individuals and companies affected by the type of loans: working capital, investment or construction materials and / or workmanship.

The repayment period ranges from three to more than 60 months, and the rate to apply can reach a maximum of 8.5 plus or minus 1 percent.

As explained by the director of BCC's Monetary Policy, Eduardo Hernandez, although interest rates are fixed by the entity's commercial banks have some leeway for their determination.

This takes into account the purpose of the credit requested, the client's ability to pay and risk analysis.

Early in the process of lending Cuban banking authorities announced that this analysis will be thorough and personal, and address the particularities of each subject and his project.

This allows that the benefits of fulfilling responsibilities agreed in the loan agreement for the debtor's case, may be the decrease in the rate of interest applicable to requested credit later.

Roque Hernández stressed that the ranges of the two rates may change depending on the country's economic circumstances.

However, he said, those changes will not affect contracts already concluded, but on the new (both savings and credit), as well as renewals of terms of deposits.

The National Association of Small Farmers (ANAP) announced that a group of 150 lawyers and other legal professionals will gather this weekend to discuss the existing land legislation and propose changes that contribute to its update.

The National Association of Small Farmers (ANAP) announced that a group of 150 lawyers and other legal professionals will gather this weekend to discuss the existing land legislation and propose changes that contribute to its update.

The meeting discussed arrangements and approaches of farmers in the congresses of the organization, from which new laws were enacted substantial contributions to the country's agrarian law.

Arturo Aliaga, ANAP legal counsel, said that at the meeting, on 4 and 5 next, will examine the legal standards of the sector in the context of economic and social guidelines.

He said that will deepen in updating laws, the hiring of agricultural production, difficulties in terms of regulatory and legal advice to production units.

Sessions several panels in which we will study the Decrees 125, 259 and 225, credit, insurance and financial crime, among others.

The event is organized by the ANAP and the Agrarian Law Society National Union of Jurists of Cuba.

With the collaboration of the Ministries of Justice, Agriculture and Labour and Social Security and the National Organization of Collective Law, National Insurance Company, and others.

Founded on May 17, 1961, the ANAP is the mass organization of cooperatives, private farmers and their families.

It has more than four thousand 330 grassroots groups which bring together some 332 thousand members.

On January 18 was formed in Havana Cuban Standards Committee Accounting for Finance and Prices Minister Lina Pedraza. The main objective is to make accounting a weapon to correctly manage the Cuban economy in this period of change.

On January 18 was formed in Havana Cuban Standards Committee Accounting for Finance and Prices Minister Lina Pedraza. The main objective is to make accounting a weapon to correctly manage the Cuban economy in this period of change.

During the accreditation ceremony of the members of that body for the period 2011-2014, was ratified as president Miguel Alejandro Gil Fernandez, deputy of the body.

Also highlight among its members, Lazaro Jorge Torres Emerio Sanabria, auditor of the Central Bank of Cuba, and Joaquin Infante Ugarte, National Accounting Award 2007.

Speaking at the event, Lina Pedraza said the Cuban Committee of Accounting Standards is a significant link in the performance of the state function with respect to the accounting issues.

In this regard, we also confirmed that is the political will and a need for the country to solve accounting problems, while the decision to incorporate exemplified as relevant information from government, contained in the financial statements of the entities.

Referring to the challenges of this group called the program important to address implementation of the Guidelines for Economic and Social Policy of the Communist Party of Cuba.

The Minister of Finance and Prices identified as another challenge the need to update the programs of development and completion of the Financial Reporting Standards Cuban, especially the general elements, without neglecting the specificities of the Governmental Accounting.

In this effort, we can not neglect the process of harmonizing our standards with international standards and do not forget the particularities of the Cuban economy, he said.

The minister also referred to the committee's role in the formation of accounting professionals, and in the process of updating the internal control systems of the entities.

The event, held at the headquarters of the National Association of Economists and Accountants of Cuba (ANEC), were also Raquel Marquez and Maria Victoria Salabarría Bernac, senior vice president and member of its National Executive Council, respectively, and Gil Fernandez.

To prevent environmental damage caused by swine waste mass in Cuba will be constructed 100 biogas plants modern tubular, polyvinyl chloride (PVC).

These centers provide fuel, which supplement rural energy needs and prevent pathogenic microorganisms contained in the excreta and contaminate underground aquifers.

To prevent environmental damage caused by swine waste mass in Cuba will be constructed 100 biogas plants modern tubular, polyvinyl chloride (PVC).

These centers provide fuel, which supplement rural energy needs and prevent pathogenic microorganisms contained in the excreta and contaminate underground aquifers.

Roberto Sosa, director of the Center for Promotion and Development of Biogas in the Swine Research Institute, told reporters that each of the aforementioned facilities will enable the treatment of waste up to 150 pigs, and deliver gas to the home of producer and neighbors.

Sosa said that the provinces of Villa Clara, Sancti Spiritus, Ciego de Avila, Cienfuegos and Camaguey will benefit from an international collaboration in this field, aimed at boosting the development of Cuban and Caribbean peasantry, which also includes a technical assistance to Haiti.

Also a member of The National Biogas, one of 17 teams of Renewable Energy Directorate of the Ministry of Basic Industry, said that training started in 2011 to assess the microbiological producers and energy.

According to Ileana Pereda Reyes, director of the Center for Process Engineering, Higher Polytechnic Institute José Antonio Echeverría in Havana, PVC technology ensures greater resistance to mechanical shock and cracking.

Pereda Reyes recalled that the biogas is used in the production of electricity and gas, taking advantage of solid waste from landfills pigs, cattle, poultry, vegetables and humans.

Documents indicate that popular use was initiated by Third World countries, due to the need for cheap energy for cooking.

Today is widely used in industrialized nations such as Germany, Sweden and Italy, where the economic use as a renewable source, capable of reducing carbon dioxide emissions.

The chapters that address the issues Internal Finance, External Sector and National Accounts already published in digital format Cuba 2010 Statistical Yearbook, 2011 edition, which was produced by the National Bureau of Statistics and Information.

The chapters that address the issues Internal Finance, External Sector and National Accounts already published in digital format Cuba 2010 Statistical Yearbook, 2011 edition, which was produced by the National Bureau of Statistics and Information.

 The External Sector section contains data on balance of payments and external debt until 2008, marked by the effects of international economic and financial crisis and three hurricanes that caused losses estimated at nine thousand 722 million dollars, the daily concerns Granma.

   The newspaper, citing the www.one.cu digital site, indicates that each of these factors in a very unfavorable impact on the Cuban economy, which resulted in a deteriorating current account balance to a deficit of two thousand 309 million pesos.

   Were among the causes of the fall expense in 2008 of the price of nickel-major export category by 43 percent over 2007, and the decline in the international market demands for products of the island, frozen lobster, coffee and oranges.

   Moreover, prices of basic foodstuffs imported by Cuba grew 53 percent in the former year, compared with the previous, forcing the nation to pay $ 840 million more for this concept.

  It joined the speculative rise in oil prices, which reached a record $ 147 a barrel, a situation that involved an increase in imports of a thousand 336 million dollars.

   Also had an impact on the international market acquisition of additional volumes of food and other supplies for the damages caused by hurricanes, coupled with the net effect of dollar depreciation against the major currencies with which Cuba made their trade in goods and services .

   The current account deficit had to face a very complex international environment, characterized by the scourge of the crisis, credit crunch and global consequences of the economic, commercial and financial U.S., particularly severe in the latter area concludes Granma.

No doubt farmers in Ciego de Avila are the kings in the tomato crop for the production of canned food, it reaffirms this position year after year. In the municipality Majagua, specifically the popular board Mamonal, are the most prominent farmers in this task.

No doubt farmers in Ciego de Avila are the kings in the tomato crop for the production of canned food, it reaffirms this position year after year. In the municipality Majagua, specifically the popular board Mamonal, are the most prominent farmers in this task.

The crops of these lands are used for the canning industry in the territory and are in good condition to make this campaign one of the best ever.

Prominent among the farmers of the Cooperative Credit and Service Orlando Gonzalez who contribute most to the production plans of the entity.

This year the farmers of this area of ​​670 hectares planted majagüense vegetable production bases in his 11 and an estimated yield of 17.9 tons per hectare to ensure the progress of the industry.

The proximity of the areas to plant tomatoes and hibiscus staggered planting by farmers this season will allow better use of plant and maintain a steady pace in processing.

The industry is joining the institutions of its kind in the country to start this season when processed tomato over 11 thousand tons of the plant one of the highest figures in its history.

Meanwhile the factory, despite its 50 years of exploitation and the consequent difficulties techniques is at full capacity after repair grinding in different areas such as mat selection, grinding mill, vacuum pumps and circulation, capper and started operating a new steam boiler, said Jorge Calvo Fariñas, manager of the entity.

Ciego de Avila is among the five provinces with larger Tomato harvesting, increased production in the local industry and corroborates it, making sauces, and mashed with salt vitanuova in different percentages allows Avilanians contribute actively with saving the country imports.

The beginning of 2012 in Florida has been exceptional for the fishermen of Camagüey municipality, as the first 5 days have resulted in a mass of 26 tons of freshwater species.

The beginning of 2012 in Florida has been exceptional for the fishermen of Camagüey municipality, as the first 5 days have resulted in a mass of 26 tons of freshwater species.

The main scenarios for the development of fishing Florida's aquaculture establishment are located in the canals near the south coast and the Future of reservoirs, Rincón Hondo, addition Muñoz Dam, considered the greatest contribution for its variety of species

The good start productive members of the different brigades of fishermen can be seen as conducive to fight from the very beginning of the year by meeting the goals set and thus leave behind the failure of 2011, nearly 100 tons of food.

Aspects such as the lack of ice, not having the required oil, transport problems, the poor condition of the gear, and excess accumulation of water in some dams were determinants in the fall production of the establishment during the past year.

The outstanding work of employees of the House of Partagas cigars made 2011 concluded last 2 million with earnings of $ 300,000, keeping the company among the best in the world.

The outstanding work of employees of the House of Partagas cigars made 2011 concluded last 2 million with earnings of $ 300,000, keeping the company among the best in the world.

Abel Exposito Diaz, director of the premises belonging to Grupo Empresarial SA Caracol mall, told reporters that the effort, dedication and work of the small cohesive group allowed to increase sales, an increase over the $ 300 000 over 2010.

   That amount, he said, represents a modest contribution to the revitalization and launch of the Cuban economy, committed to increasing foreign exchange inflows into the country fresh and break the blockade imposed by the United States more than five decades.

   The commercialization of the best and most famous cigar brands in the market of the world outside, and holding twice-yearly meetings of international clients and friends of the Casa Partagas, contributed revenues amounting to $ 47 million since its founding in 1991, meant the manager.

Exposito Diaz said that since these events began to date the establishment has given the health system more than $ 328 000 (pesos convertibles), mainly to the fight against cancer.

   Located in Old Havana, behind the Capitol, the entity has been visited by prominent figures of culture, politics and business, and daily attended by tourists from different latitudes there interested in buying cigar humidors and boxes and other Cuban products as rum, coffee and souvenirs.

    But its workers especially remember the day of the year 2002 when the Commander in Chief Fidel Castro attended the Partagas House, accompanied by American filmmaker Steven Spielberg.

Reference Center of its kind in the world, also has had the privilege of welcoming artists, collectors and celebrities like Jack Nicholson, Gerard Depardieu, Matt Dillon, Michael Douglas and WhoopiGoldberg, among others, stressed Exposito Diaz Habano Man of 1999 .

   The store of the Royal Partagas Factory was the first in the island to have a Casa del Habano, given the professionalism of its workers and the international recognition

Manual cutting of cane in Villa Clara has a workforce of 400 cutters, mostly from the Basic Units of Cooperative Production (UBPC) and Agricultural Production Cooperatives (CPA) in the municipalities Remedios, andCamajuaní Ranchuelo.

Manual cutting of cane in Villa Clara has a workforce of 400 cutters, mostly from the Basic Units of Cooperative Production (UBPC) and Agricultural Production Cooperatives (CPA) in the municipalities Remedios, andCamajuaní Ranchuelo.
It also said one of the peculiarities of the present conflict lies in not having manual cutting forces mobilized by theCentral de Trabajadores de Cuba (CTC), thus decreasing the presence of cane cutters on plantations since the growth of mechanized harvesting amounts to 96 percent in the province.
Sugar Technicians Association (ATAC) arrived on January 3 to its 85 years constituted a greater role for fullmembership in the work of the sector, said Magda Vega Suarez, president of that organization in Villa Clara.
He added that the ATAC celebrates this anniversary at a special time of production of cane sugar and itsderivatives from the rearrangement of the sector and the development of a higher harvest efficiency of the above.He said that demand, henceforth, a higher performance specialists, technicians and skilled workers in the development of actions linked to changes cane-sugar program in tune with the economic guidelines of the SixthParty Congress.
To mark the 85th Anniversary of the top leadership in Villa Clara ATAC sent a greeting to its more than 600thousand members with the exhortation to work for the implementation of technological discipline, deep analysis of the problems that arise and propose more effective measures to solve them.

The 2011 was introduced last record with the figure of 293 thousand 847 tons of scrap steel, which led to the UnionBusiness Recovery Commodities (UERMP) one end of the year with good results.

The 2011 was introduced last record with the figure of 293 thousand 847 tons of scrap steel, which led to the UnionBusiness Recovery Commodities (UERMP) one end of the year with good results.
Jorge Luis Tamayo, director general of the organization, told ACN that their use allows the production of higher added value and benefit the national economy.
He added that this material produces liquid steel, which are obtained billets and bars used in the construction ofhousing and other priority projects nationally.
Tamayo said that if the State had to import 114 000 757 tons of corrugated steel bars produced in Cuban industry, the expense would be more than $ 82 million.
There are reserves identified in this and other assorted entities still production and services are not taxed at the Company Recovery of Raw Materials, which violate the Law 1288, January 1975, said the manager.
This legislation sets out the obligations and duties of State agencies and departments, including in its technical-economic plan the delivery of waste and reusable items, after the manufacturing process.
According to data provided by UERMP in 2011 will beat the total program of physical units of recycled products, an increase of four percent compared to 2010.
Of a total of 16 selected lines, were completed 13 and 11 will grow in relation to the previous year.
These include, for example, scrap copper, lead and stainless steel and waste paper and cardboard.

The passage of time and heavy rains many roads had deteriorated sugarcane in the province of Ciego de Avila. All have been repaired recently which has helped the residents of approximately 40 communities.

The passage of time and heavy rains many roads had deteriorated sugarcane in the province of Ciego de Avila. All have been repaired recently which has helped the residents of approximately 40 communities.

Sugar Company Brigades conditioned tract of territory with the dual purpose of facilitating the transportation of the grass truck and also the link of the villages in central bateyes and elsewhere.

A report of the Provincial Assembly of People's Power states that 474 km of embankments and other routes were enrolled, 115 higher than expected.

Collective business units Enrique Varona, Ecuador and Ciro Redondo are the most prominent in this task, therefore, constitute a reference for the laggards, the report said.

Cooperative farmers and state workers cane collection centers and residents of other settlements, land now have better communication.

Among them is Secundino Salazar, the town of San Pedro, who says that it's easier to move from that area Gaspar, head of the municipality of Baraguá.

In Ciego de Ávila, will continue working to improve the roads sugar producers in the territory totaling 783 kilometers, said Fidel Quintana, a specialist in the sugar sector.

Such access to roads and mills are decisive because the province provides joggers move directly to more than 40 percent of total cane to grind in this harvest, compared with 12 percent in the previous harvest, said Quintana.

The strategy also includes better use of car-trains whose cages shall deposit the grass before mowing eight hours, to contribute to better industrial performance.

Tomas Benitez, Minister of Basic Industry reported that in the last five years in Cuba have reached four million tons of oil produced on the island. With this figure will close this year.

Tomas Benitez, Minister of Basic Industry reported that in the last five years in Cuba have reached four million tons of oil produced on the island. With this figure will close this year.

In an appearance before the Committee on Energy and Environment of the National Assembly of Popular Power, the owner said that this production represents about half of consumption in the Caribbean country.

According to Benitez, the exploitation of wells, some with up to three decades in service, is in line with international standards.

He further explained that the results on the ground are around its limits, attributed to the plateau stage of production reported in some wells and a decline in performance in others, from the time in service.

The intervention of the Minister of Basic Industry followed the report of the Committee on Energy and Environment on its audit to the oil industry of Cuba in the year ending.

According to the parliamentary group work, production is achieved over 98 percent of the plan.

Lower than expected results in some new wells drilled and technological difficulties associated with that process were cited causes that affected the implementation of the plan.

Cubapetroleo managers presented to Members more than a score of measures to overcome in the coming months deficiencies in the audit.

Prominent among the shares securing the necessary resources for the sector, the signing of agreements with foreign suppliers, repair of storage tanks and treatment of oil and the increase in drilling efficiency.

The 12 standing committees of the Cuban Parliament today began two days of sessions prior to the eighth regular meeting of the National Assembly, set for Friday.

Focus the agenda issues related to the behavior of the economy this year and projections for 2012, considering the resolutions of the Sixth Congress of the Communist Party of Cuba, related to upgrading the island's economic model.

As part of the economic reforms taking place on the island has come a new measure that favors those who have created private businesses. Now you can create advertisements for your business and include it in the phone book.

As part of the economic reforms taking place on the island has come a new measure that favors those who have created private businesses. Now you can create advertisements for your business and include it in the phone book.

The Cuban government will allow private service providers register with the state telephone directory in his edition of 2012 to promote and advertise their work to cafes, restaurants and hair salons, said Reuters.

"In order to provide the population with contact information for private sector services, the Telecommunications Company of Cuba SA (Etecsa) supply segment including self-employed in so-called Yellow Pages Telephone Directory" Granma said.

According to official figures, over 346,000 Cubans private service providers, whose expansion was authorized in October 2010 as part of a reform plan to revive the economic model.

"The integration process has two stages. The first two sections were originally published in the yellow pages: one with information and other entities concerning the categories of products and services offered by the self-employed" Patricia said Soler, Etecsa officer.

Soler said the call to promote the ads will run until December 23 and private employees should pay for the registration 10 convertible pesos (CUC), equivalent to around 10 dollars.

He also explained that the private sector can hire ad space to include photos and images of different sizes to fill an entire page.

The reforms also include the opening credits and other banking services to encourage private businesses, as well as buying and selling cars and homes and lease of vacant land in usufruct to some 150,000 farmers.

From December 5 to December 8, 2011, there will be a double-ups offer for any recharge made ​​from outside

From December 5 to December 8, 2011, there will be a double-ups offer for any recharge made ​​from outside

RecargasaCuba.com is a site that offers this charge also raffled two phones again to people who make a charge on designated days.

In the last four years, from December 2007 to date, Camilo Cienfuegos oil refinery located in the Pearl of the South has processed 81 million 200 thousand barrels of oil.

In the last four years, from December 2007 to date, Camilo Cienfuegos oil refinery located in the Pearl of the South has processed 81 million 200 thousand barrels of oil.

Humberto Padron Garcia, general manager of the company, located in the province of Cienfuegos, told ACN that in these first four years were achieved those levels, with the required quality in the different assortments of gasoline, diesel, turbo and LPG .

Over 90 percent of production is destined for the Cuban domestic market, but the conclusion of the extension of the "Camilo Cienfuegos", the benefit will be extended to other member countries of Petrocaribe, said the manager.

In this association, founded in June 2005, 16 Caribbean nations are inserted between these Antigua and Barbuda, Bahamas, Belize, Dominica, Grenada, Guyana, Jamaica, Dominican Republic, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines and Cuba.

Diaz Armando Machado, director of the Movement of Crude and products, said they have received a steady and secure flow of raw material from Venezuela, so they could prosecute a rate of about 20 million barrels per year.

Abounded that is currently in the process of setting and implementing a hydrofiner, meant to address the diesel and take from eight to five percent of sulfur.

He explained that this equipment will improve quality and reduce vehicle emissions, generators and other systems subject to the fuel.

The December 5, stop Cienfuegos refinery, for the sake of general maintenance that enroll for 2012.

In the National History Museum of the Cabildo and the Revolución de Mayo in Buenos Aires will be performed Awards Blog of the tourism industry, to which Cuba is nominated in the category of "best promoted foreign destination."

In the National History Museum of the Cabildo and the Revolución de Mayo in Buenos Aires will be performed Awards Blog of the tourism industry, to which Cuba is nominated in the category of "best promoted foreign destination."

In addition to the island, which has already achieved the distinction last year, the shortlist of finalists is completed by Mexico (winner in the editions of 2009 and 2007) and the United States.

For the condition of operational improvements to Cuba, will opt for their part, companies Julia Tours, Argentina and Solways Havanatur.

In its sixth edition, Blog Awards - an initiative carried out by the weekly newspaper for professionals Tourist Messenger - will be awarded in 22 items.

In addition to those mentioned above, winners will be the best airlines (domestic and international), the best national hotel international hotel chain, car rental, and wholesale carriers in Brazil, Uruguay, South America, Caribbean, Mexico, Europe, United States and Canada, among others.

The vote to elect those who will be honored today was opened during the International Tourism Fair of Latin America, FIT-201, held here from October 29 to November 2, and spread throughout this month via the Internet.

Orlando Lugo, president of the National Association of Small Farmers (ANAP), said more than 400 000 Cuban farmers using agroecological and that this practice is being extended to all the country, in order to achieve sustainable development.

Orlando Lugo, president of the National Association of Small Farmers (ANAP), said more than 400 000 Cuban farmers using agroecological and that this practice is being extended to all the country, in order to achieve sustainable development.

Decree-Law 259, established several years ago and given land in usufruct to exploit, benefiting over 150 000 men and women.

This helped to reinforce the agroecology movement in the country, added the peasant leader.

This made the conclusions of the Third International Conference on Agroecology and Sustainable Agriculture, in which 238 delegates took part from 26 nations.

According to the final resolution in the meeting exchanged views and assessed the implementation of the experiences of agroecological practices and methodology from farmer to farmer.

Also deepened the search for alternatives to favor populations of the world with an agriculture that ensures food sovereignty and sustainability

Participants expressed a programmatic set of definitions, including the certainty of the environmental value, social and economic production of agro-ecology for present and future generations.

It also reaffirmed the importance of genuine agrarian reform, which in addition to access and right to work the land, implement public policies and investment programs, based on a sustainable rural environment.

The president of the National Family Farm Coalition (NFFC) United States and a member of Via Campesina, Ben Burkett, read a special resolution of support for the Cuban Five imprisoned in that country.

It expresses the agreement of peasant organizations, indigenous and rural workers involved, to join the Cuban people claim they are released immediately.

They also call for allowing the immediate return of Rene Gonzalez, who finished his cruel imprisonment must serve three years of supervised release in their own Miami where he was tried, risking their personal safety.

Since 2009 state barber shops and barber shops were leased to workers. Now with the economic changes taking place in the island has decided to permanently establish this as business began as an experiment.

Since 2009 state barber shops and barber shops were leased to workers. Now with the economic changes taking place in the island has decided to permanently establish this as business began as an experiment.

Cuba's Official Gazette published on its website several resolutions governing transit final state to the private sector staff working in local barber shop and hair salon containing a maximum of three seats.

The documents signed by the Ministry of Domestic Trade, Finance and Prices, and Labor and Social Security, announced the decision to keep the experience "a final" after "results obtained during the experimental application of the Financial Management System."

Thus, workers who previously belonged to the staff of the state-owned Technical Services, Personal and Home, will now be considered "self employed" who have leases with the properties of their former workplaces.

In all cases the state will continue to own and control the property "used for planned activities," while the prices are set by supply and demand.

The new measure will take effect on 1 December and enroll in the plan of economic and social adjustments undertaken in the Island to update the socialist model.

The experiment in barbershops and beauty salons smaller format initially started in some locations of Havana in April 2009, and in December of that year was extended to other regions.

Officials of the Ministry of Domestic Trade explained the local media last month that the application of this "new management" allowed "to address illegal as price collection not established and the misappropriation of revenue."

They also noted that the experience led to increased revenue to the State taxes and charges for the premises.

In India is celebrating the 31 International Trade Fair in which Cuba has a display stand that has attracted many visitors. Perhaps initially are attracted to the Havana Club rum, cigars or posters of beautiful beaches, but after the first exchange and a likely purchase, are also interested in how things are going on that island on which they always want to know more.

In India is celebrating the 31 International Trade Fair in which Cuba has a display stand that has attracted many visitors. Perhaps initially are attracted to the Havana Club rum, cigars or posters of beautiful beaches, but after the first exchange and a likely purchase, are also interested in how things are going on that island on which they always want to know more.

"That's one of the main reasons for our presence here. The business is perhaps the most visible and certainly not unimportant, but satisfy the curiosity of visitors is part of our mission," says a Prensa Latina Cuba's ambassador in India, Abelardo Cueto.

For the third consecutive year this Caribbean nation is the largest trade fair in South Asia. And it does so with an enthusiasm can overwhelm the modest dimensions of a stand of 12 square meters.

"We've managed to fit aesthetically crafts, canned La Conchita, brochures on biotech products, the discs with the best of Cuban music," said the first secretary of the embassy in charge of trade and cooperation , Nidia Banos.

"That's the point of open spaces, to make known even to Cuba through its flagship products, but also their moral and political values, as governments and business people make better the more you know and respect," Cueto ruling .

"Truly, this is a wonderful platform to consolidate the image of India in Cuba," agrees Bathrooms.

More than 25 nations-including the Caribbean also Venezuela and Trinidad and Tobago-attend exhibition and commercial sample, finding a seat in Pragati Maidan, the largest exhibition space in the country.

The event brings together 102 exhibitors and six thousand and as host organizers and a half a million visitors during the two weeks that remain open.

Economic and Social Policy of the Party and the Revolution embodied in several of the guidelines adopted at the Sixth Congress of the Communist Party of Cuba (PCC) highlights the importance of economic contracts as legal instruments. The inclusion of them is guaranteed to get what is agreed and ensures economic and trade relations established between the parties.

Economic and Social Policy of the Party and the Revolution embodied in several of the guidelines adopted at the Sixth Congress of the Communist Party of Cuba (PCC) highlights the importance of economic contracts as legal instruments. The inclusion of them is guaranteed to get what is agreed and ensures economic and trade relations established between the parties.

The ignorance that still raw contractual enterprises and budgeted Cuban gained through the years has meant that, far from them aware of the importance of these mechanisms, became a dead letter each clause of the documents, which at best cases ended up in an unused file where the trace dust and made his own.

And there, for reproof, came all production failures by the non-delivery of raw materials from suppliers, delays in sales of articles deficit, low commodity production by low-income, dissatisfaction of the population by the poor supply of goods or services ... and so ends the cycle production-sales lot to be desired, and where the contract or was not fulfilled.

However, new times are to economic contracts in Cuba, when they gather Guidelines, referring, for example, at number 10, the requirement that the economic relations of enterprises, budgeted units and even non-state forms of governance , through the endorsement contracts, or when the numbers 91 and 181 reflect the necessary requirement in hiring, whether in foreign trade or food production.

While much remains to be done in terms of economic recruitment, has been a good start. Of development and scope depend on many hands, which for sure, aware of their essential contribution to the updating of the Cuban economic model, to become entangled know guarantors of the fruits of our economic relations.