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Article: Cuba continues to boot out foreign businesses.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- June 24, 2005
CopyrightCOPYRIGHT 2005 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gary Marx
Jun. 24--HAVANA -- In a further sign of economic retrenchment, Cuban officials have closed scores of foreign businesses that were welcomed here a decade ago to bail out the nation's faltering economy.
Some of Europe's largest companies formed joint ventures or other arrangements with Cuba's state-run enterprises, including Swiss food giant Nestle, cigarette producer British American Tobacco and Spanish hotel-management giant Sol Melia.
Sherritt International of Canada also has invested heavily in boosting Cuba's oil, nickel and energy production.
But many smaller companies also took advantage of the economic opening ...