GAESA

Female colonel is GAESA VP

January 3, 2012

Juventud Rebelde revealed in this article published last week that a female colonel, Ania Lastre Morera, is first vice-president of the Cuban military’s powerful business holding company, GAESA — Grupo de Administracion Empresarial S.A. (Enterprise Management Group Inc.). (Image: Military rank of Colonel, FAR.)

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Corruption probe in military-run business

December 13, 2011

Reuters reports: Cuba has detained top executives of the powerful military-run Tecnotex company, broadening a corruption investigation that has already shuttered three foreign firms, according to foreign business sources. Tecnotex’s director Fernando Noy was among those arrested, according to a foreign businessman who deals with the company. “They went right into the Tecnotex office and [...]

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New defense minister named (Updated)

November 8, 2011

Cuban state media announced that the Council of State has named Army General Raúl Castro’s loyal acolyte Army Corps General Leopoldo ‘Polo’ Cintra Frías (70) as the country’s new defense minster. ACG Cintra was named in 2008 deputy defense minster (vice-ministro primero) and was the commander of the all important Western Army (1986-2008) that protects the capital, Havana. Army Corps General Alvaro [...]

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Who will be the new chairman of GAESA?

October 24, 2011

Cuba has been without a defense minister since September 3, when then defense minister Army Corps General Julio Casas Regueiro died of heart failure. ACG Casas was also the founder and chairman of GAESA — Grupo de Administracion Empresarial S.A. (Enterprise Management Group Inc.), the Cuban military’s powerful and lucrative holding company (with more than 300 companies under its ownership) that controls [...]

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Party congress begins today

April 16, 2011

Cuba’s Sixth Communist Party Congress will begin this afternoon at 4 P.M., lasting four days.  The prior was held fourteen years ago. This congress coincides with the 50th Anniversary of the Bay of Pigs. A thousand delegates will “debate” the Political, Social, and Economic Guidelines Project. Congressional sessions will “analyze” and “approve” economic and social [...]

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Military’s port development project

April 9, 2011

A promotional 10 minute video was posted on YouTube earlier this week illustrating Cuba’s project to develop (with financing from Brazilian credit) the Port of Mariel, which would include a new pier, cargo terminal, roadways, railways, and warehouses. Companhia de Obras e Infra-estrutura (COI) a Brazilian corp. (a subsidiary of Odebrecht, S.A.) is involved in this project [...]

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