Business & Economy

Cuban Parliament Meets for a Day

The Cuban Parliament meets today for its first session of the new legislature after the members were sworn in last February, marking the start of the second and final term of President Raul Castro, reported DPA news.

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Fewer Eggs in Cuba’s Ration Book

The Cuban government’s decision to halve the number of eggs to be delivered monthly to the population, through the ration book, took effect on Monday. The price increase deals a blow especially to those Cubans who only work for the government and pensioners who do not have relatives abroad sending them remittances.

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Cuban Gov. Activates New Cooperatives

Starting Monday 124 “experimental” cooperatives began operating in Cuba, in sectors such as construction, transportation, waste disposal and agricultural markets. This type of management has been designed by the government for activities that “are not transcendental” for the country’s economy.

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Cuba: Tearing Down Schools, Putting Up Hotels

For many years, the Manazana de Gomez building, which takes up an entire block, housed a number of schools, theatres, editorial offices and other cultural establishments, such as the Latin American Culture Institute, chaired by renowned intellectual Fernando Ortiz.

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Petrocaribe Summit Approves Special Economic Zone

The heads of state and government of the member countries of Petrocaribe approved on Saturday a work plan that includes five points defining a “Special Economic Zone” between member countries based mainly on the exchange of food products for oil.

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Public Internet Facilities Highly Visited During First Month

After a month in operation, around 11,000 people have flocked to the new government facilities with Internet connectivity. The one tenth of one percent of the Cuban population that was able to pay for the expensive new service is mostly comprised of those who receive family remittances from abroad.

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Cuba Has Over 400,000 Self-employed

A total of 429,458 Cubans are registered as self-employed in the 181 activities authorized by the government of Raul Castro since late 2010, according to official statistics. The figure of persons working in the private sector in Cuba was issued at the end of May, which marks an increase of more than 30,000 over last year.

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Cuba Frees Brits Accused of Corruption

Cuban authorities released two British businessmen detained since 2011 on charges of corruption, confirmed the British Embassy in Havana on Friday .Amado Fakhre and Stephen Purvis, former directors of the British company Coral Capital Group, were released this week

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