Business & Economy Archives

Poverty and Solidarity Portrayed in Rio Cauto, Granma, Cuba

Humanitarian assistance is not transformative enough to change a reality; it cannot always do so, nor is it always meant to. What comes next?

Cuban public opinion rarely reflects in depth on the legal and democratic grounds upon which sanctions against a State should be judged.

The Government has not managed to create the macroeconomic or institutional conditions necessary to sustain a truly flexible exchange-rate.

While the rest of the world strives to shorten the distance between farm and table, Cuba is moving in the opposite direction.

The Cuban authorities have failed in their attempt to discredit El Toque’s publication of informal exchange rates.

The average salary hovers around 4,000 Cuban pesos (CUP). ($10 USD) A few years ago, that was enough to get by. Today, it’s a cruel joke.

The price of the dollar or euro can soar, stabilize at a new high, and then fall sharply. However, it rarely returns to its starting point.

According to economist Pedro Monreal, the promise “does not make clear how subsidies and loans could translate into real resources.”

The Cuban government’s new economic program promises to correct the “distortions” that are suffocating the country, however…

Imported eggs from Brazil are now dollarized in San Jose de las Lajas, Mayabeque and sell out within minutes.