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April 14, 2015 Comments Off Views: 994 The Entrepreneurs

Are the doors opening to entrepreneurship in Cuba?

agenda.weforum.org

The likelihood of the U.S. lifting its 54-year-old trade and investment embargo on Cuba is proving a catalyst in boosting entrepreneurship in the island nation. Cuba under Raul Castro has in recent years steadily opened up the economy and removed many business barriers. President Barack Obama’s announcement last December of his administration’s intentions to normalize ties between the two nations appears to have infused fresh energy into that economic liberalization process.

“On December 17, [in] their hearts and minds, the Cuban people started to see light at the end of the tunnel,” said Hugo Cancio, president and CEO of Fuego Enterprises in Miami, which has interests in music, publishing and telecommunications in Cuba, and in the U.S.

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