Business & Economy

AT&T and Cuba Agree to Direct Interconnection with US

August 23, 2016 | 2 comments

Cuba’s monopoly telecommunications company, Etecsa, announced on Monday an agreement for direct interconnection with the US giant AT&T for the exchange of international voice traffic between the two countries.

Nicaragua’s Army Chief Says the 50 Russian Tanks Are a Donation

August 18, 2016 | 4 comments

Gen. Julio Cesar Aviles, head of the Nicaraguan army, assured the public that the acquisition of 50 Russian T72 model tanks does not represent a US $80 million debt for Nicaragua, as the Moscow press asserted last April on the Sputnik news agency’s website.

Business Social Responsibility: Everybody’s Concern

August 18, 2016 | 2 comments

In Cuba today, in response to the start of reestablishing diplomatic ties with the US, we’re beginning to talk about the interaction between art, culture and economy in a coherent way.

Havana Internet Services Down Since Early Wednesday

August 17, 2016 | 2 comments

Internet service from public cybercafés and Wi-Fi hotspots is down in the capital since early on Wednesday.

Cuba’s Gov. Sees Centralized Economy as the Way to Face Recession

August 16, 2016 | 14 comments

The Communist Party of Cuba announced a series of “financial guidelines” at a time of recession in the country, which grew the first half of 2016 by one percent of the GDP, half the expected.

Cuba Turns Over Management of its Havana Airport to French Corporations

August 3, 2016 | 8 comments

The French corporations, Bouygues Batiment International and Aeropuertos de Paris will manage the “Jose Marti” International Airport of Havana.

Cuba Seeks “Revolutionary” Air Traffic Controllers

August 2, 2016 | 7 comments

With flights to Cuba on the rise, the Cuban Aiports and Aviation Services company has launched a call to train 50 air traffic controllers, who will earn a basic monthly salary of around 16 US dollars.

Energy Crisis in Cuba?

July 27, 2016 | 7 comments

If the hypothetical rule of three is used to answer this question, shall we say, to the Venezuelan government’s financial difficulties and Cuba’s own insufficient energy resources, the economic crisis will hit Cuba suddenly and it could mean the end of its revolutionary era.

Communist Leader Says Cuba Will Not Accept “External Pressures”

July 26, 2016 | 18 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 | 37 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.