Business & Economy

US Considers Suspending Oil Imports from Venezuela

July 18, 2017 | 6 comments

Donald Trump says he means business and does not rule out any option, including the suspension of Venezuelan oil imports, as part of the economic actions against the government of Nicolas Maduro.

A Cancer That Eats Away at Cuba

July 18, 2017 | 3 comments

Cuban authorities side-stepped the diagnosis and early treatment of this aggressive mental disease and chose to remain silent, pretending like nothing was happening and imagining that this evil nature would disappear all of a sudden in the next generation.

It’s Getting Harder and Harder to Change Money in Havana

July 17, 2017 | 3 comments

The existence of two currencies as legal tender means that converting one for the other is a necessity, depending on the things you need to buy, while trying to save one’s meager salary at the same time. The current reality of the situation is that the much-needed conversion of these currencies has become a real challenge for the Cuban people.

Cuba Announces 1.1% Growth in 2017

July 14, 2017 | 2 comments

The Cuban government estimated a 1.1 percent growth in gross domestic product (GDP) during the first half of this year, after posting a negative balance in 2016, reported dpa news today based on official sources.

Understanding the New US Policy on Cuba

June 18, 2017 | 38 comments

The executive order signed by President Donald Trump this Friday in Miami to change US policy towards Cuba contains, in essence, new restrictions on travel and commercial activities, but does not affect family visits or remittances from the Cuban-American community.

Two Private Restaurants Closed in Havana

June 13, 2017 | 15 comments

Cuban authorities have launched a campaign to prevent economic the opening on the island being ripe for money laundering from abroad. The owner of two successful restaurants on the Havana seafront has been the first arrested.

Trump Asked to Prioritize Compensations in his Cuba Policy

June 7, 2017 | 34 comments

Republican senator Marco Rubio and Democrat senator Bill Nelson have asked the Trump administration to give priority to compensation to US citizens who lost assets when Fidel Castro nationalized these at the onset of the Revolution.

Cuba Housing Construction: 10 Years in Decline

June 1, 2017 | 9 comments

Housing construction in Cuba has fallen for the tenth consecutive year in a row, adding to the further decline in a country with great housing shortages. This despite the opening of the housing market for buying and selling and some government subsidies.

Murillo Reappears Presiding a Parliamentary Session with Raul Castro

June 1, 2017 | 6 comments

The so-called tsar of economic reforms in Cuba, Marino Murillo, reappeared on Thursday on the political stage during an special session of the National Assembly, along with president Raul Castro. He had been absent from the public for over a year.

Cuba National Assembly Special Session Called for Thursday

May 29, 2017 | 4 comments

The Cuban government has called for a special session of the National Assembly of the People’s Power to be held on Thursday June 1st, to officially approve documents which will govern the national political and economic strategy in the coming years.