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Article: Cuba asking foreign companies to leave island.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- June 23, 2005
- Author:
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
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 in the ...