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Tag: cuba economy

RIO DE JANEIRO, BRAZIL - The Cuban government gave the green light on Wednesday, June 2, to create micro, small and medium-sized enterprises (MSMEs) in both the state and private sectors, where they will be limited to non-strategic sectors. Prime...
RIO DE JANEIRO, BRAZIL - Once a leader in the world sugar market, Cuba is far from recovering the fertile production volumes of former times in an industry once considered the country's economic driver has not been able to...
RIO DE JANEIRO, BRAZIL - Retiring Cuban Communist Party leader Raul Castro promised a decade ago he would transform the Soviet-style command economy into a more mixed and market-driven one “without haste and without pause.” Now, with the Caribbean country...
RIO DE JANEIRO, BRAZIL - Communist-run Cuba's decision to open more of its economy to small private businesses and individual initiative has sparked praise among many analysts and entrepreneurs, but also frustration among some. The measure announced last weekend expanded...
RIO DE JANEIRO, BRAZIL - The High Representative for Foreign Policy of the European Union (EU), Josep Borrell, urged US President Biden to reverse the decision, taken by his predecessor Donald Trump just before his term ended, to include...
RIO DE JANEIRO, BRAZIL - Cuba’s imports from China tumbled to US$483 million last year versus US$791 million in 2019, according to data from the Chinese Customs Office, extending a steep five-year decline as the island’s economy reels from...
RIO DE JANEIRO, BRAZIL - (Reuters) Cuba must devalue and deregulate further after taking initial steps this year to restructure its ailing state-run economy and presumably pay off long overdue debt, according to western creditors, business partners and analysts. Cuba...
RIO DE JANEIRO, BRAZIL - International travelers must have a negative PCR test, carried out within 72 hours before arriving in Cuba. The MINTUR also established that tourists cannot travel outside the province where they are staying. The Cuban Ministry...
RIO DE JANEIRO, BRAZIL - Faced with a very challenging scenario, Cuba insists decisively on attracting foreign capital for development, Director of Foreign Investment at the Ministry of Foreign Trade and Investment, Carlos Luis Jorge, told Prensa Latina. Despite specialized...

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