Today, Cuba’s sugar industry has the same production levels it did at the beginning of the twentieth century and, during the last harvest, even produced less than planned. That said, it is also true that after reaching rock-bottom, over the past five years it has experienced an average growth of 13%.
Read MoreThe announcement that the Paris Club and Cuba have set the island’s foreign debt with those countries at US $15 billion is a positive contribution to the strategy traced by the Raul Castro government, aimed at inserting the country into the world economy.
Read MoreIn the USA, politicians, business leaders and organizations are pressing intensely to bring together the two shores of the Straits of Florida.
Read MoreFor the first seven years of Cuba’s “reform process,” the focus of attention has been on the liberalization and restrictions of the country’s economy and politics. The social repercussions of these changes have been studied far less.
Read MoreSmokers in Cuba’s province of Sancti Spiritus continuously face cigarette and cigar shortages, but authorities insist it is not a manufacturing issue.
Read MoreIn Cuba, you can run into a talented athlete who’s just traded kicks with New York’s Cosmos and fraternized with soccer legends Pele and Raul and who, after wiping off the sweat worked up by the match, returns to his native city to continue roughing it with his private “business.”
Read MoreAt least 147 Cuban medical doctors working on contracts in remote rural areas of Guatemala are suffering the consequences of corruption within the health system, which has pushed hospitals throughout the country to the brink of collapse.
Read MoreAndrés Buenfil, a businessman from the Mexican Yucatan who has visited Cuba regularly since 1988, has always been taken aback by the fact that our country lacks a good Mexican restaurant. Nonetheless, many friends and acquaintances advised him against the venture, but Andrés had already made up his mind.
Read MoreThe National Bank for Economic and Social Development of Brazil (BNDES) has put an end to the secrecy surrounding its contracts and divulged classified information about loans advanced to Cuba, including a more than US $680 million investment destined to the Mariel Port mega-project.
Read MoreJuan Triana, a researcher for the University of Havana’s Center for Study of the Cuban Economy, delves into the main issues facing the country’s economy today, including tourism, foreign investment, Internet, and whether it is feasible to follow the Chinese or Vietnamese models.
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