Business & Economy

Nicaragua’s Central Bank Launches an “Atlas” of Economic Activity

February 14, 2017 | No Comments »

Did you know that in Managua business establishments generate 197,000 jobs? Or that in the capital itself there are 228,281 homes, of which approximately 15,247 receive family remittances?

Taxi Fares Lowered 50% in Havana

February 9, 2017 | 4 comments

Without taking into account the drivers and owners of private vehicles, the local government decided to lower the prices of collective taxis in the capital. Many trips that previously cost 10 pesos now cost 5 and “compliance is mandatory”

Rex Tillerson’s Nicaragua Connection

February 7, 2017 | 2 comments

The past returns to haunt us sometimes, and those you thought you’d beaten come back with more power. That’s exactly what happened to presidents Nicolas Maduro and Daniel Ortega on February 1st, when the United States Senate confirmed Rex Tillerson as the US Secretary of State for the new Trump administration.

Building a Home in Cuba

February 4, 2017 | 7 comments

When the Cuban government announced that property could be bought and sold in November 2011, many people found themselves face to face with an opportunity to make some money or to finally get their own home.

Food Prices in Havana during January

February 1, 2017 | 2 comments

Havana Times’ monthly study of prices reveals that at the end of January, there had been a somewhat uncontrollable increase in some highly sought-after root and green vegetables, although certain products have maintained acceptable prices for customers in line with the current valuation between the market and people’s income.

Cuba Sends Delegation on US Business Tour

January 23, 2017 | 13 comments

The challenges facing new US President Donald Trump are many, but within 24 hours of his inauguration, his new administration is coming face-to-face with its first test related to Cuba. On Saturday, a delegation of Cuban government officials from the business sector landed in the US on a business trip which will last until February 3rd.

Will Russia Pick Up Cuba’s Oil Tab?

January 14, 2017 | 9 comments

An article published this week in the Russian publication Sputnik has some people thinking that Vladimir Putin may be ready to provide Cuba with cheap oil to pick up the slack from Venezuela, its current supplier. Such a move by Russia would be a modified version of the former Soviet Union’s subsidizing the entire Cuban economy from the 60s until its demise in 1991.

A New Year for Cuba with the Old Style

January 12, 2017 | 12 comments

So we see that the old work style has been taken up again in the new year, the heir of the Stalinist era in Soviet Russia, characterized by “leadership” visits to workplaces, housing estates and social works under construction, etc., to make sure that plans drawn up by those at the top are being met and to make clear that “the Revolution’s work is there to benefit the people.”

Cuba Embargo Gets Boost from Trump’s Secretary of State Pick

January 12, 2017 | 2 comments

Rex Tillerson, nominated by president-elect Donald Trump as secretary of state, said Wednesday that he favors maintaining the embargo on Cuba and considered Mexico a “neighbor and friend” of the United States.

Cuba’s Free Home Internet Test in Old Havana

January 9, 2017 | 15 comments

With a free trial service the Internet is reaching 2,000 homes in Old Havana. It is the first time that ordinary citizens can access the Internet from their homes. It is said that signing contracts and charging in hard currency to those wishing to continue with the service will begin at the end of February.