The number of foreign businesses in Cuba has increased twentyfold in the past decade as a result of the government´s gradual relaxation of foreign-investment restrictions, resulting in a positive impact on the national economy, Cuban experts say.
In 1990, when Cuban authorities authorized foreign investment to try to stem the country´s serious economic crisis, there were barely 20 businesses with any foreign capital.
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Just like any other airline worldwide, Mexico’s Aeromexico and Mexicana haven’t been able to leave behind the problems nagging the entire aviation industry after the 9/11 terrorist attacks in the United States.
According to the Cintra Group, comprising Mexico’s six major airlines, losses totaled $150 million last year and once again verged on the triple digits during the first quarter of 2003.
In order to grapple with one of the worst crises in history, the two companies recently announced dramatic layoffs and wage cuts.
During his official visit to Spain, Honduran president Ricardo Maduro underscored his country’s stability and invited Spanish companies to invest there amid great opportunities in tourism and industry.
The Honduran government has embarked on a state-run plan aimed at reforms based on sustainable policies, clear rules and competitive costs,” president Maduro told some fifty execs from Spain’s top companies at the onset of his official visit to the country.
The Trinidad & Tobago Pilots Association (TTPA) promised the island nation’s government to help restore BWIA, the local airline currently marred by grim financial woes. TTPA director Rory Lewes praised the efforts of president Patrick Manning’s administration to keep the carrier up in the air and extolled the loyalty of the company’s pilots.
Mr. Lewes called on the general public to throw its support behind BWIA in the coming summertime months to push the airline back in the black.
The number of foreign businesses in Cuba has increased twentyfold in the past decade as a result of the government´s gradual relaxation of foreign-investment restrictions, resulting in a positive impact on the national economy, Cuban experts say.
In 1990, when Cuban authorities authorized foreign investment to try to stem the country´s serious economic crisis, there were barely 20 businesses with any foreign capital.