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.”
Business & Economy
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.
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.
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.
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.
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.
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.
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.
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.