Cuba Inc. open to foreign capitalists, but within limits
As Reuters reports, communist Cuba’s newfound interest in foreign capital does have its limits. French doctor Philippe Pouletty is working to develop a therapeutic vaccine to treat chronic Hepatitis B. But when he pitched the idea of floating a company on the pan-European stock market Euronext, with the Cuban state as a shareholder, that was clearly too much. Pouletty’s story offers a peek into the mindset of Cuba Inc – wanting to welcome businesses under a foreign investment law, whilst exercising tight control…
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