A new company with foreign capital will produce more electricity in Cuba from renewable sources, representatives of an official organization said.

At the end of 2020, Cuba will have 29 foreign investment projects under way for an amount of 2.4 billion dollars, the Ministry of Economy and Planning tweeted.

Cuba has spent 100 million dollars this year to fight the Covid-19 pandemic, Deputy Prime Minister Alejandro Gil said.

Cuban Prime Minister Manuel Marrero said that Cuba's monetary overhaul does not seek to harm the private sector.

HAVANA, Cuba, Dec 17 (ACN) Alejandro Gil Fernández, deputy prime minister of Cuba, stated that, based on the conditions created by the monetary order, the country must prepare itself for a higher demand for employment than in recent years.

Cuba and China signed on Wednesday a Memorandum of Understanding for cooperation in the tourism sector, which lays the groundwork for raising the collaboration between the two countries to new levels, said Carlos Miguel Pereira, Cuban ambassador to Beijing.

Addressing the Cuban Parliament, Politburo member Marino Murrillo stated the government will take actions to contain the impending inflation resulting from the implementation of the Ordering task in the country from January 1, 2021

Officials from China and Cuba strengthened relations today after a memorandum of understanding was signed to design joint cooperation plans and projects, in order to expand tourist flows to the Caribbean nation.

The Ordering Task demands more responsibility from the business sector to go out in search of efficiency, because for that it will also have opportunities that it must know how to take advantage of, said Marino Murillo Jorge, member of the Political Bureau and head of the Implementation and Development of the Guidelines Commission.

Law 113 on the Tax System, which entered into force in 2013, established, through its Article 28, that Cuban and foreign individuals with permanent residence in the national territory, for the income they receive from individual work contracts abroad, shall pay over the total of the same four percent (4%), without considering any deduction, except for the payments of the commissions they have made to Cuban entities through which they were hired.

Manuel Marrero Cruz, Prime Minister of Cuba, said all Cubans must defend prices to be fair and not to skyrocket after the implementation of the Ordering Task, when he addressed the Agro-Food and Services Commissions of the National Assembly of the People's Power (Parliament).

Cuban minister of foreign trade and foreign investment, Rodrigo Malmierca, highlighted today on Twitter the importance of attracting foreign capital, a field that in 2020 has been kept up despite the tightening of the U.S. economic, commercial and financial blockade.

Marta Sabina Wilson, minister-president of the Central Bank of Cuba (BBC), said that by establishing the 1x24 exchange rate even though people can buy foreign currency for Cuban pesos, now banks do not have availability of freely convertible currencies and, therefore, there will not be free access to them.

Sunwing, a Canadian airline, resumed operations to Cuba on Sunday at the Juan Gualberto Gómez International Airport in Varadero, with two flights from Toronto and Montreal, a frequency that will be maintained weekly during the current winter season.