All news

Contracts for over $300 mln dollars concluded at Havana intI fair

Cuba received the greatest number of prizes at the fair

HAVANA, November 5 (Itar-Tass) — Contracts for over 300 million US dollars were signed by the results of the 29th Havana International Fair, said last Friday head of the organising committee of the fair Abraham Masices, speaking at an awarding ceremony of the forum at the Havana Palace of Congresses.

“The present fair has become the biggest over the past decade both for the space (18,600 square metres) and for the number of participants,” said Masices. Around 1,500 firms from 60 countries, mostly from Latin America and Europe, pitched their displays and pavilions. The largest number of exhibits was sent by Spain which virtually doubled its presence as against 2010.

According to Masices, foreign businessmen and firms positively assessed “implementation by Cuba of its financial obligations”, which is proof of “clear-cut policy of the government” in this sphere.

Cuba which was represented by 350 organisations from public health, the food industry, electronics, construction and the sphere of services, received the greatest number of prizes at the fair.

The largest business forum of the Caribbean country from Russia was attended by some 20 companies, including KamAZ, Russian Dyes and Zarubezhneft which was awarded one of jury prizes, as well as other organisations, engaged in car building, instrument-making, production of varnishes, dyes and energy-saving materials.