Business & Economy Archives - Page 10 of 217

Cuban Government Announces Pension Increase

Those receiving the minimum pension of 1,528 pesos (≈ 4 USD at the informal exchange rate), will see their income doubled.

“We can convert our garbage into proteins, into gold for animals, and the surplus waste into fertilizer,” the retired physician assured.

Experts warn that the rise in poverty and begging reflects the ongoing economic crisis, exacerbated by limited access to basic resources.

Nearly three months before the summer holidays, Ledis Fernandez went to a travel agency in Camagüey to book a day trip to Cayo Cruz.

Official data confirms the alarming 11% drop in Cuba’s Gross Domestic Product (GDP) over the past five years.

For decades, Canada is the country with more of its citizens visiting Cuba, especially during the cold months up north.

As the difference grows between the bellies of Cuban leaders & the situation of everyday Cubans, the government preaches creative resistance.

Despite repeated announcements in official forums, the government’s declarations never go beyond empty promises.

Complaints from Moa are not new. For decades, Moa’s residents have warned about environmental degradation and its impact on their health.

“The ACs are broken here’” says a worker at Plaza del Calzado shoe store, which will soon switch to selling in dollars and suddenly have AC.