cappturered from: www.vnanet.vn (en) | www.vnanet.vn  (vn)  

 
www.vnanet.vn  
 
 


Vietnamese journalists visit Cuba
   10/16/2004 -- 20:39(GMT+7)
 

Havana, Oct. 16 (VNA) - A delegation of Nhan Dan (People) daily, headed by its Deputy Editor-in-Chief Thu Thanh, paid a working visit to Cuba from Oct. 5-15.

 

The delegation had working sessions with the editorial board of Cuba's Granma newspaper, the Communist Party of Cuba Central Committee's Commission for Ideology, the Radio and Television Broadcasting Institute and  the Cuban Communist Youth Union Central Committee.

 

It toured Havana and the provinces of Ciego de Avila and Pinar del Rio.

 

The delegation was received by Luis Alvarez de la Nuez, member of the Party Central Committee, Chairman of its Commission for Economy.

 

Nuez introduced the delegation to the Cuban people's efforts and achievements in socio-economic development over the past ten years. Thanh briefed his host about Viet Nam's socio-economic situation in the recent past and expressed his admiration for the Cuban people's revolutionary spirit, describing it as an example for Latin American nations and the world.-Enditem

 


Cuba to manage revenues and expenses in foreign currency
   12/31/2004 -- 16:55(GMT+7)
 
 http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=34&NEWS_ID=133587 
Havana, Dec. 31 (VNA)
Every revenue/expense of the Cuban state in foreign currency will be deposited/ paid into/by a banking account in the Central Bank of Cuba and every expense in foreign currency will be determined by a committee headed by the central bank.

The decision was printed by Granma, an official organ of the Communist Party of Cuba, and will come into force on January 1, 2005.

According to Granma, all foreign currency revenues under the forms of financial contributions, taxes and incomes from joint-ventures and joint-stock companies will be deposited into the account. As of February 1, 2005, the committee, comprised of experts from relevant State agencies, will be the sole body in charge of determining the foreign currency revenues and expenses of Cuban agencies and enterprises.

As of the first quarter of 2005, enterprises will be exempt from contributing part of their foreign currency revenues to their governing bodies for internal distribution. However, the sums will be initially deposited into the account and then distributed by the above committee.

The Central Bank of Cuba said that centralising the management of foreign currency revenues and expenses aims to make more effective use of the countrys foreign currency sources and enable Cuban enterprises to fulfil their commitments to foreign partners.

The Cuban demand for foreign currencies will rise dramatically as the island country has signed a series of economic, trade and credit cooperation agreements with China and Venezuela, and US dollars have been recently replaced by convertible Cuban pesos (CUC). Additionally, the country has discovered new oil sources.-Enditem


New oil field found in Cuba
   12/26/2004 -- 21:40(GMT+7)
 

 http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=30&NEWS_ID=132890 

Havana (VNA) - Cuba has discovered a new oil reserve just 2.5 km from its coast with an estimated capacity of at least 100 million barrels (about 14 million tonnes). This is the first time Cuba has found an oil field since 1999.
The discovery, which was announced by President Fidel Castro at the year-end session of Cuba's National Assembly on Dec. 24, was made by the Sherritt Peberco joint venture company in Santa Cruz Del Norote district of Havana province, about 50 km east of Havana city.
The reserve mostly consists of high-quality light oil with an estimated 5 percent sulphur, according to the JV company, which further said that it will continue oil and gas exploration on the continental shelf near Havana.
Currently, Cuba pumps out over 4 million tonnes of oil, most of which is heavy oil used for themo-electric power plants and cement projects.-Enditem


Copyrights, Vietnam News Agency
5 Ly Thuong Kiet St., Hoan Kiem Dist., Hanoi, Vietnam