(MENAFN) According to the National Statistics Bureau (NBS), investment in Cuba dropped by 1.8 percent in the January-June period of 2014, causing the GPD growth to slow 0.6 percent, Xinhua reported.
In the first-half period of the current year, investment in the North-American country reached a total of USD1.9 billion, showing a decrease of 98.2 percent from the same period in 2013.
The Minister of Foreign Trade and investment said the county needs around USD2 billion in foreign investment to revive its economy, which meant a GDP growth for real development.
It is noted that Cuba earlier in March has adopted a new law on foreign investment, requiring exemption of profit taxes for foreign investors in eight years.
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