Articles Tagged with business

cuba-fitness-300x201If you live in or near a decent-sized city, you’ve probably noticed that fitness is a fad that doesn’t seem to be going away. From CrossFit gyms to bike lanes to pricey fitness apparel stores, it’s clear that people demand that fitness be more available to them.

Cuba is also jumping on the fitness bandwagon. In a time where it looks like Cuba might finally ease up on private enterprise, more and more entrepreneurs are looking to enter a market that will always be making gains.

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Cuba-Restaurant-300x200Cuban authorities are reportedly raiding several private restaurants on the island in what appears to be a government crackdown on entrepreneurs transgressing the Castro regime’s definition of free enterprise.

El Litoral, a high-end paladar known for its food and clientele, was the first to get raided by authorities. Officials from the Technical Department of Investigations reportedly carted off tables, chairs, plates, sound systems, and bottles of imported liquor.

Neighboring businesses told news sources that the owner of El Litoral got in trouble because of money laundering allegations. The liquor the restaurant served didn’t come from official government sources and some of its employees were allegedly being paid off the books. Servers also reportedly told clients that they accept dollars if they don’t have CUCs (Cuban convertible pesos). U.S. dollars are not legal tender on the island.

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CubanTravelNewRules-300x200The U.S. Treasury Department issued new clarifications on Tuesday on measures that will take effect for business, remittances, and travel with Cuba following President Donald Trump’s June announcement regarding U.S. policy towards the island.

The document, released by the Office of Foreign Assets Control (OFAC), includes answers to 14 frequently asked questions from business owners, travelers, and the general public about the changes Trump proclaimed in Miami on June 16.

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US-agricultural-representatives-300x194Agriculture officials in Alabama have lobbied to turn Cuba into a market for the state’s poultry products for years, but President Donald Trump’s recent policy change with the island jeopardizes that opening.

Alabama Agriculture Commissioner John McMillan said exports to Cuba, which receives millions of tons of poultry every month from the state, could be impacted by the president’s restrictive policy change.

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cubavisit-300x202Travel companies that organize trips to Cuba for American travelers have reportedly been receiving a lot of questions about President Donald Trump’s new Cuba policy and how the elimination of “people to people” tours to the island and the ban on dealings with military-controlled businesses will affect their travels.

“They say they have been interested in traveling to Cuba and they want to book right now,” Tom Popper, president of InsightCuba, told the Miami Herald. His company organizes tours and plans itineraries for groups traveling to Cuba.

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Cruise-Ship-300x183U.S. business owners with dealings in Cuba were relieved after President Donald Trump outlined his new Cuba policy last week because it might not have a big impact on their ventures. Some have reportedly paused all business with the island until they see how Trump’s changes will be implemented and what new regulations they will require.

Lawyers who help corporations navigate the regulations and laws imposed by the embargo have been going through every detail of the memorandum Trump signed on June 16 as well as a White House fact sheet and the answers to some frequently-asked questions issued by the Office of Foreign Assets Control (OFAC) to get a feel of the new policy. That is all the lawyers have to go on until the new rules are written. Trump mandated that the writing process begin by next month.

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Airbnb-Goes-to-Cuba-300x200Cuban locals who rent their homes to U.S. visitors using Airbnb have been complaining about not receiving payments for months now, The Miami Herald reports. The American company opened its platform to Cubans after former U.S. President Barack Obama thawed relations with Cuba in 2014.

It was the first major U.S. company to enter the island nation and has become a convenient way for locals to directly earn a significant income. It worked well until a few months ago. One Cuban host told the press that the digital platform now owes her $2,000 and the company has not told when she can expect to receive her money.

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