Thursday, 23 September 2010

CUBA: U.S. relatives could spur new Cuba businesses

(Reuters) - Rolando has very big plans for the little gym he runs informally out of a garage in Havana. First he wants to legalize it, then buy new equipment and - why not? - even build a sauna.

But in order to become one of the 250,000 new business owners Cuba has said it will approve, he needs start-up capital and, in a communist-led country short on financial services, that usually means turning to relatives in the United States, home to 1.5 million Cuban emigres.

"My cousin recently came from Miami and took pictures of the gym. He said I could count on him for whatever I needed. I think the time has come to call him and let him know it is time to expand the business," he said. Read more

No comments:

Post a Comment