Business & Economy Archives - Page 12 of 217

Varadero, Cuba: Half-Empty Hotels and Deserted Restaurants

Many workers have chosen to return to their cities of origin, chiefly Cardenas and Matanzas, to seek alternatives outside the tourist sector.

We Cubans are tangled up on this island. And it’s not as easy to get out of the mess as many might think from abroad.

Consolación del Sur municipal officials complain that part of the crops have been ruined due to lack of irrigation.

“Here in the area I know, I haven’t seen any progress anywhere. I see the same poverty, the same dignity. Nothing has been done here…”

The music goes out at the Cuban Art Factory and the Coppelia Ice Cream Parlor closes because the ice cream is melted.

I don’t recommend that anyone keep their dollars in a Cuban bank. And believe me, I have my reasons. Let me explain…

In Cuba, some of us laugh at how naïve these attempts are to trap people so easily in a country mostly closed to financial flows.

A new business has just joined the wave of dollarization in Havana—located not just anywhere, but in the city’s largest and oldest market.

Beyond the wordplay, the official statement confirms a policy that economists are quick to describe as a symptom of failure.

Tourism in Cuba has been experiencing a profound crisis since the COVID-19 pandemic which shows no signs of recovery.