The Cuban government created the new Foreign Trade Enterprise Group (GECOMEX), integrated by twelve export and import companies. It will be subordinate to the Ministry of Foreign Trade and Foreign Investment.
Read MoreCuban economist Juan Valdes Paz concludes part two of our interview with another powerful statement: “Economically speaking, Cuba is a ruined enterprise. However, for the vast majority of the population, the revolutionary project – independence, justice and development – is the country’s only means of salvation in today’s hostile world.”
Read MoreA new, Cuban-made medicinal soap has been on sale at different State markets around Havana for two months. According to press reports, the new product “has been proven efficient in the elimination of underarm, vaginal and foot odors.”
Read MorePuerto Rican actress and filmmaker Kesia Elwin has secured over US $110,000 in funding for a movie based on the life of Cuban blogger Yoani Sanchez through the on-line crowdfunding platform Kickstarter.
Read MoreProfessor Juan Valdes Paz’ opening remarks for his interview with HT were a bombshell: “Cuba’s current leadership will have walked away from the historical stage with a minimum sense of achievement if it manages to encourage the creation of a viable and sustainable economic system for the country.”
Read MoreThe consul general and deputy consul at the Cuban Interests Section in Washington D.C. traveled to Miami to meet with emigrants from the island, representatives from travel agencies that promote trips to Cuba and other groups who support a normalization of relations between the US and Cuba.
Read MoreThe Brazilian government confirmed on Monday its decision to not carry through with its announced plan to contract a large medical contingent from Cuba and will instead contract professionals on an individual basis, informed Reuters. “We never reached an accord with Cuba. Now the priority is Spain and Portugal,” said the Brazilian Health Ministry.
Read MoreCuban economy planners are considering greater autonomy for state run companies in 2014 so they can accumulate capital on their own, economic chief Marino Murillo told the Cuban parliament on Sunday.
Read MoreCuban President Raul Castro said on Sunday that studies continue on the removal of the dual currency monetary system prevailing on the island. He has been announcing his goal of monetary unification since coming to power, without achieving it thus far.
Read MoreThe Cuban government said on Saturday it is satisfied by the “favorable performance” of the island’s economy in the first half of the year, despite an overall “slowdown” and increased unemployment. The minister of the economy presented the legislature with performance figures for the first half of 2013.
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