Hunting for foreign investment: Cuba opened the fair with the participation of 60 countries
Yesterday, 2 November, Cuba opened the 32nd International Fair FIHAV-2014, which has hosted two million participants from 60 countries, including from Russia, China, Spain, and Venezuela. As part of a business fair government of Cuba will offer foreign investors 246
specific projects in different areas of the island’s economy for a total of
8.7 billion dollars.
One of the largest in the region, the International Havana Fair
It opened on Sunday at the exhibition complex on the outskirts of EXPOCUBA
the Cuban capital. In the framework of the fair the Cuban government will offer foreign investors 246
specific projects in different areas of the island’s economy in the total amount
8.7 billion dollars. The proposed projects involve investments
in the agricultural, food processing, construction and pharmaceutical
sectors, as well as in biotechnology and renewable energy.
Investment opportunities will be made available in all provinces
The Russian exposition at FIHAV-2014 organized by the Ministry
Industry and Trade of the Russian Federation with the support of the Chamber of Commerce
The Russian Federation, the Russian Embassy in the Republic of Cuba. Exposure present cvoi
Government of Moscow, Tatarstan, Tula region,
Federal Medical-Biological Agency of Russia, foreign
Association “Zarubezhtsvetmet” Central Design Bureau for ships
hydrofoil them. RE Alekseeva, the company “Zarubezhneft”
“Ilyushin Finance Co”., “Rostselmash” and others. Tatarstan presented the products of OAO “KAMAZ”, OJSC
“Tatkhimpharmpreparaty”, JSC “Kazan Helicopter Plant”, as well as five
day of the fair – November 3, Discussion will focus on the "Russia – Latin
America 2014: new opportunities for integration".
On the third day – 4 November – will host a business forum on the special economic development zone
"Marielle"Including a port container terminal
deep-sea vessels, road and rail line, which
zone connected with multiple airports and 5 of November – discussion of
investment potential of the countries of the Pacific Alliance, as well as
profitable areas for investment of Russian capital in Latin
Spain, It takes as long as five rooms, was again "the most represented" on FIHAV, while Venezuela, Brazil and Italy stood out as representatives of the most rapidly growing areas in comparison with the previous year.
Brazil, the second largest trading partner after Venezuela, Cuba, was presented "53 companies, 24 more than"Than last year, announced on Friday the general director of the Agency for Export Development and Brazil investments, Hipolito Rocha.
"This year the theme of the exhibition is to promote foreign investment", – He stressed the Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca, in his opening remarks at EXPOCUBA.
Investments are the Achilles heel of the Cuban economy, the volume of which fell by 1.8% in the first half and reduced GDP growth over the same period, bringing it to only 0.6%. According to official data, the lowest figure in recent years. In June, the Cuban government passed a new Foreign Investment Law, as a last means of encouraging the Cuban economy, which was in stagnation, despite the reforms undertaken by President Raul Castro.
Tatarstan President Rustam Minnikhanov (center) attended the opening Fihav-2014
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