Business & Economy

Communist Leader Says Cuba Will Not Accept “External Pressures”

July 26, 2016 | 17 comments

Jose Ramon Machado Ventura, the number two man in the Communist Party behind Raul Castro, said today that Cuba “will not accept external pressure”, at a time when the country is experiencing an economic downturn. He noted that any changes in Cuba are only “to strengthen socialism.”

Nestle Helps Cuba Skirt the US Embargo

July 22, 2016 | 23 comments

Nestle Nespresso bought a container of approximately 18 tons of Cuban coffee beans, which were certified as coming from the 2015-2016 coffee harvest in Cuba, for US $90,000.

Cuba Ousts Murillo as Economy Minister

July 13, 2016 | 45 comments

Raul Castro, with the approval of the Council of State, today removed the Minister of Economy and Planning, Marino Murillo, and appointed Ricardo Cabrisas, one of Cuba’s six vice presidents to replace him.

Cuba Faces Hard Times but Not Collapse, says Raul Castro

July 8, 2016 | 19 comments

Cuban President Raul Castro recognized today the “economic difficulties” in the country, but rejected “speculation and predictions of an imminent collapse” of the national economy.

USA to Havana Flights Approved for 8 Airlines

July 8, 2016 | 13 comments

The US government approved Thursday a list of eight airlines to fly routes from different US cities to the Cuban capital Havana. Last month the government authorized six airlines to fly to different Cuban provinces.

Cuba to Face New Belt Tightening…

July 5, 2016 | 9 comments

The Cuban government announced today that it “will face restrictions in the economy” during the remainder of 2016 due to the fall in international oil prices and nickel.

Cuba to Decide between Organic and GMO Farming

July 1, 2016 | 14 comments

On the one hand, US business people and farmers are looking to buy organic food produced on the island, while others are interested in selling Cuba genetically modified seeds and grains.

Sheraton Opens its First Hotel in Cuba

June 28, 2016 | 9 comments

The Four Points Hotel operated by Sheraton of the Starwood chain opened for business today in Havana, Cuba, becoming the first US hotel establishment operating in Cuba since the 1959 Revolution.

The Most Revealing Concepts of the Cuban Model

June 28, 2016 | 3 comments

Much has been discussed and written recently about the Conceptualization of Cuba’s social and economic model. Official spokespersons pay tribute to the fantastic program and praise just how democratic the Cuban government is that we are able to discuss the document.

Cuba Gives OK to MasterCard at Havana ATMs

June 27, 2016 | 9 comments

The Central Bank of Cuba today authorized the use of MasterCards issued by Stonegate Bank in the US and Banco Popular of Puerto Rico in operations at ATMs in the Cuban capital.