AGP Executive Report
Last update: 12 hours agoRenewable Energy: Cuba says renewables now generate 21.4% of its electricity, with 144 solar parks totaling 1,418 megawatts, as fuel restrictions drive the shift. Banking and Sanctions: The U.S. sanctioned state-owned Banco Internacional de Comercio, saying it had provided services to an Iranian bank since 2022. Oil Investment: New rules open parts of Cuba’s oil sector to private firms, including investment in refineries and fuel depots, as the government seeks to boost production and attract foreign capital. Foreign Trade: Officials in Holguín reviewed measures giving companies and cooperatives more autonomy over import and export approvals and opening the way for foreign partnerships. Transport: China donated 80,000 bicycle spare parts to Cuba, offering a small boost to mobility as fuel shortages and deteriorating buses constrain travel.
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