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Israelis pull out of Cuba citrus venture.

Published reports in Israel suggest that Tel Aviv-based Grupo BM, which since the 1990s has helped Cuba dramatically boost citrus exports to Western Europe, is leaving the island.

BM is headed by 85-year-old Rafi Eitan, a former Mossad spy chief who later became a politician and businessman. Despite the lack of diplomatic ties between Israel and Cuba, Eitan managed to secure a deal to develop the vast Jaguey Grande citrus operation in Matanzas province, which now ranks as the island's largest (see CubaNews, June 2002, page 10).

No further information is available at this time on Grupo BM, though it's clear that Cuban citrus exports are in steep decline--a victim of the same greening disease that also threatens Florida's citrus industry.
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Publication:CubaNews
Geographic Code:5CUBA
Date:Aug 1, 2012
Words:121
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