Investment in Cuban Economy Increases

   Investment in Cuban Economy IncreasesHavana, Sep 10.- Cuban economy has showed a more dynamic behavior in investment activity during the first six months of 2012, with about 1.9 billion Cuban pesos destined to many projects, official sources said.

According to the National Statistics Office (ONE), this result represents an growth of 1.5 percent compared with the first semester of 2011.

Of them, the construction and assembly activity stocked up on 61.9 percent with 1.2 billion Cuban pesos, and an inter-annual growth of 7.9 percent.

Most resource allocation corresponded to hotels and restaurants, with 303.7 million Cuban pesos, an growth of 21.5 percent compared with 2011.

However, the major inter-annual breakthrough was in sugar industry, with 90.7 percent, followed by transport, storage, and communication, with 73.7 percent.

Leading the list was Havana with784.9 million Cuban pesos, followed by Holguin with 194.2 millions, and Artemisa with 159.1 millions.

Cuba's Gross Domestic Product marked an expansion of 2.1 percent in the first semester of 2012, higher to 1.9 percent in the same period of last year. (Radio Cadena Agramonte)