Protection of Slovak Investments in Cuba Is Key for Us

Featured Protection of Slovak Investments in Cuba Is Key for Us

Vice-premier for Investments and Informatisation Richard Rasi (Smer-SD) and Council of Ministers Vice-president Ricardo Cabrisas Ruiz signed an agreement on the consolidation of economic relations between Cuba and Slovakia, with the aim of this agreement being to protect the assets of Slovak investors investing in Cuba and Slovakia's financial claims, TASR learnt from the communications and protocol department at the Office of the Vice-premier for Investments and Informatisation on Monday.

"The Slovak-Cuban relations are at a high level and it's our interest to keep it that way and to create together appropriate conditions for Slovak companies that want to invest in Cuba," said Rasi. The subsequent implementation of the agreement was discussed by representatives of the Finance Ministry, who were part of the Slovak delegation.

During the business trip to Cuba, Rasi also visited Maximo Gomez Mariel thermal power plant, whose 6th block for almost €90 million is being built by Slovak company SES Tlmace.

The deputy prime minister also met with representatives of Slovak company Probugas and Cuban company CUPET. Probugas is a longtime leader for distribution and delivery of LPG in Slovakia and in Cuba it won an international tender to create a joint venture with CUPET. "We support the emergence of joint ventures and believe that this will be another successful project," added Rasi.

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