The Office of Foreign Assets Control (OFAC) announced that this sanction is related to the possible liability of the Belgian company BCC Corporate S.A. (BCCC) in apparent infractions to the Regulations of Control of Cuban Assets.
As the text clarifies, BCCC is a company that issues credit cards and corporate services to customers based in Europe. “At the time of the apparent violations, BCCC was a subsidiary of the Alpha Card Group, which in turn was 50% owned by Amex, a United States financial institution.”
The office of the Treasury Department reported that from April 9, 2009 to February 3, 2014, the credit cards that BCCC had issued to its corporate clients were used to make purchases in Cuba.
Nuevitas Port (Camagüey): Ready to Receive Cruise Ships
September 22, 2017 by Yanoidis
Nuevitas port is the closest link with the tourist attraction Santa Lucia Beach, at 80km of the central-eastern city of Camagüey. It has its four facilities ready to receive foreign visitors again after the passing of Hurricane Irma on September 9.
The port is experiencing an investment project valued at 40 million dollars, which will allow in the coming years to support the cruise business in a region that has an extensive program of construction of hotel properties for tourism development in Cruz Key.
Camagüey one of the one of the main destinations of the island its Nuevitas port aims to become one of the main destinations for cruises to Cuba.
Diverse North American companies like Royal Caribbean Cruises Ltd. arrive in Cuba in the modality of cruise ships; previously others as Carnival Cruise Line, Pearl Seas Cruise, and Norwegian Cruise Line Holding NCLH were operating.
JetBlue opened two Ticket offices in Havana
September 2, 2017 by Yanoidis
JetBlue Celebrates Opening of Havana Ticket Offices as Airline Marks Anniversary of Historic First Commercial Flight to Cuba.
The City Ticket Office is located in Havana’s Vedado neighbourhood. The accompanying Airport Ticket Office is located across from JetBlue’s check-in counters at Terminal 3 in Havana’s José Martí International Airport (HAV).
In addition to Havana, JetBlue serves three other Cuban cities with daily service from Fort Lauderdale-Hollywood:
Santa Clara – Abel Santamaría Airport (SNU)
Camagüey – Ignacio Agramonte Airport (CMW)
Holguín – Frank País Airport (HOG)
Cuba, the new CABEI member
September 1, 2017 by Yanoidis
Central Bank of Cuba (BCC) signed the adhering instrument to the constitutive agreement with the Central American Bank for Economic Integration (CABEI)
The signature of such agreement formalizes Cuba entry in this important regional multilateral institution, which will allow to strengthen even more the already broad relations with Central American countries, the signatories assented.(Prensa Latina)
The action support projects of economic and social development and those of integration, backed up by that regional financial institution.
CABEI was created in 1960 and it is a multilateral institution that has as a mission to promote economic integration and balanced development of the countries of such area.
Among CABEI’s founding members are Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica, while another eight countries are non-founding extra-regional members, and there is one beneficiary member.
The Spanish hotel chain Meliá reinforces its presence in Cuba.
May 5, 2017 by Yanoidis
The Spanish hotel chain Meliá continues its expansion in Cuba, it has signed 8 agreements with different Cubans state-owned hotel companies.
According to official sources, Meliá will begin to manage next year eight new hotels in the cities of Cienfuegos, Trinidad and Camagüey
In Cienfuegos, Meliá agreed with Gran Caribe to manage Hotel San Carlos, and hotel Union, one of the oldest in Cuba. In addition, the hotel complex Jagua, which includes the Hotel Jagua, the Blue Palace, La Perla and Casa Verde, will be managed by INNSIDE by Meliá, the investment aims to equip the facilities with Meliá’s brand standards.
The Sol House brand by Meliá will manage and renovate the Hotel Ancón in Trinidad, it has also been agreed with the Cubanacán Group to build a new hotel on the Ancón peninsula.
In Camagüey, the Spanish chain in cooperation with Islazul will manage three hotels, two of them in the historic center, the Gran Hotel, and Hotel Colón. The Hotel Camagüey will also be managed by INNSIDE by Meliá.
Meliá, the largest investor in the hotel industry in Cuba has twenty-eight hotels in the Island; in Cayo Coco, Cayo Guillermo, Cayo Largo, Cayo Santa María, Holguín, Havana, Santiago de Cuba and Varadero.
SAHIC Cuba 2017 SAHIC : The “key place” to meet the international industry players
April 9, 2017 by Yanoidis
SAHIC Cuba will be the first edition that provides the attendees with the new opportunities to expand their network while learning where the industry is heading and where the opportunities lie in Cuba.
Through networking with the key players within the industry, attendees can build relationships that facilitate possibilities for business on the island.
The conference will certainly be an essential tool and a landmark in the development of the hotel and tourism industry in Cuba.
SAHIC Cuba 2017 will take place on May 15-16th, 2017 in Cuba at Melia Cohiba Hotel.
The US Treasury Department announced that the financial firm American Express Company (Amex) will pay a fine of $ 204 277 for the alleged violation of the blockade imposed on Cuba.