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Economy & Business - June 2005

CUBA: Restructuring foreign investment

The government has started a process of reviewing foreign investment in the economy. The result is likely to be that small and medium-sized foreign investors will be told to pull out. Whether they will be able to take any of the money they brought in with them is far from clear. The Cubans are trying to portray the exodus as a planned process: it seems, however, that at least some foreign companies have pulled out because of the increased costs of doing business in Cuba following the revaluation against the US dollar.

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