Home | Finance | Investments
Hugo Cancio, President and CEO of Fuego Entertainment, Inc., a public media and entertainment company, announced today that he will establish an exploratory group called the US-Cuban Investment Committee for assisting the reconstruction of his native country, Cuba, and in the process, play a key-role in its transformation to a free-economy. “Mixed with the exotic aroma of coffee and tobacco leaves, the Cuban people can almost begin to feel the winds of freedom … freedom from its failed political and economic system, and freedom from over 45 years of an economic embargo imposed by the US government,” stated Mr. Cancio. “Changes in Cuba are eminent. The inevitable death of Cuba’s President Fidel Castro will propel my country into a new era … an era that could bring political and economic transformations and an enormous amount of foreign direct investment and prosperity to the Cuban national economy. Cuba is already experiencing a soft and passive transition in its government … one that will have no choice but to open its arms to the world. I want to be there and help Cuba rebuild itself, brick by brick, if necessary. It’s not only a genuine desire, it’s my obligation.” For now, the US-Cuban Investment Committee will have 10 members who are leading professionals in business and finance and convene twice a month. Eventually, the committee will explore the possibility of pooling together its own private investment fund to provide financial capital for Cuba’s economic growth. This “round-table” is meant to facilitate positive relationships among Cuban-Americans, in the event that economic and political reforms occur between the United States and Cuba. “While American companies and investors are currently prohibited from investing directly in Cuba, we hope to be ready to act once those sanctions are lifted. Once US embargo is lifted, the media and telecommunications sectors are industries that we would like to lead in the rebuilding of Cuba’s infrastructure,” stated Felix Danciu, President and Founder of Olive Capital, LLC, an investment banking boutique based in Las Vegas, Nevada, and member of the Board of Directors of Fuego Entertainment, Inc. “We want to make sure we are not only a think-tank, but that we are able to one day pursue potential investment opportunities in Cuba.” Based in Florida, the Committee is a non-partisan organization committed to family values, democracy, and a free-market economy.
Article Source: http://www.content.onlypunjab.com
For more information, please write to: USCubaninvestmentcommitee@yahoo.com.
Please Rate this Article
5 out of 54 out of 53 out of 52 out of 51 out of 5
Not yet Rated
