Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PUERTO RICO: The Enigma of Tourism.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- ROMANIA: After Court Overturns Austerity Measures, Huge VAT Increase Proposed To Protect IMF Aid.
- CZECH REPUBLIC: Attempts To Ban The Communist Party.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- RUSSIA : Putin's Police Make Preemptive Strike On Leading Protest Opponents.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
08 April 2010
CUBA: Replacing Sugar Ministry With State-Run Corporation And Foreign Investors.
TVNZ/NEWZEALAND/ In the most drastic reorganisation of the once-thriving sugar industry since it was downsized in 2002, Cuba will shutter its Sugar Ministry and replace it with a state-run corporation that will allow foreign investment and closing of inefficient sugar mills. Sugar was once the biggest earner but now is less than 5% of foreign exchange earnings. Only 700,000 hectares of the more than 2 million hectares once controlled by Cuba's sugar ministry now grow sugar cane.
