Business & Economy Archives - Page 104 of 208

What Will Change in Cuba’s Economy with Murillo’s Re-Appointment?

Are there reasons to believe a change in Cuba’s economic strategies is coming, or is this merely a cosmetic change in the high spheres of power?

Cuba Sentences Canadian Businessman to 15-years in Prison

Canadian businessman Vahe Cy Tokmakjian, 74, president of the Tokmakjian Group, was sentenced to 15 years in prison by a Cuban court on charges of corruption, trafficking hard currencies and tax evasion conducted on the island. Two other Canadian citizens and board members of the Tokmakjian Group in Cuba, entrepreneurs Claudio Franco and Marco Vinicio Vetere Puche Rodríguez, were sentenced to 12 and eight years in prison, respectively.

Cuba Perfume Scandal Takes New Turn

The work of the alternative online media had a strong impact at the highest levels of the Cuban government with the news about the new perfumes “Ernesto” (for Che Guevara) and “Hugo” (for Hugo Chavez) .

Cuba Telephone Co. Suspends Voice Mail

Cuba’s state telecommunications monopoly (ETECSA) suspended its voice mail service until further notice, after a massive fraud in the charging of its customers became public.

Cuba Ups to 461 MDs to Fight Ebola

Cuban authorities plan to raise the number of Cuban doctors heading for Africa to fight the ebola outbreak to 461, reported dpa news. Most of the Cubans will arrive to Sierra Leone, Liberia and Guinea in October.

Che and Chavez Colognes: Inexplicable Fragrances

Cubans of any political creed have been startled by the news that the state-owned company Labiofam has launched two new colognes made in Cuba. The new fragrances are labeled “Ernesto,” for Che Guevara, and “Hugo,” for Hugo Chávez.

Raul Castro Puts Cuba’s Economy Fully in the Hands of Marino Murillo

The government of Raul Castro named Marino Murillo, the so-called market “reform czar” on the island, the new Minister of the Economy, according to a statement read on state television today. He now holds practically all the posts for implementation and supervising the economy.

Protein Rations for Havana Sept. 22-28

We present the list of subsidized protein products that Havana residents can purchase with their ration booklets during the week from 22 to 28 September. The portions are distributed by month on a rotation basis in 15 municipalities of the capital.

Cuba’s New Private Sector Employees Reveal Where the Reform Process is Heading

The Cuban government’s reforms continue to make slow, somewhat erratic progress and to evince a series of unique characteristics and tendencies that are food for thought. Let us recall, first, that Cuban politicians like to refer to this process as the “updating of Cuba’s economic system.”

Cuba’s Military on the Hunt for Chinese Tourism

The Grupo Gaviota, one of the pillars of the commercial chain operated by Cuba’s Armed Forces, has launched an aggressive campaign to attract Chinese tourists to Cuba. The Cuban government is laying its bets on the immense mid-term potential of the Chinese tourism market.