Business & Economy Archives - Page 123 of 220

Rations for Havana Residents (June 16-22)

We present the list of rationed protein products that Havana residents can buy this week (June 16-22) with their ration booklets at their neighborhood bodega stores.

Returning to Cuba to Invest

While many Cubans still base their life hopes on permanent emigration, a growing number of compatriots are returning to their homeland. Some, not few, do so to invest their small capital in private enterprises, in the context of the “updating” of the economic model that the Cuban government is carrying out.

Rations for Havana Residents June 6-11

We present the list of protein products that Havana residents can buy with their ration booklets in their local bodega stores during the week of June 6-11. The products are distributed by monthly on a rotating basis in the 15 municipalities of the capital.

Hillary Clinton Advised Obama to End Cuba Embargo

Former Secretary of State and former First Lady of the United States Hillary Clinton claims to have urged President Barack Obama to end the long economic embargo on Cuba, states her soon to be released memoirs entitled “Hard Choices.”

Cuba Food Industry Cooperatives Feel Betrayed

Jaime Olano “Lefty” tells us about his experience in the food industry working in one of the cooperatives that the government established to take over some of its failing businesses, collecting taxes instead instead of losses.

Cuba: From Capitalism’s Planned Obsolescence to Socialism’s “Contrived Obstacle”

The “contrived obstacle” is a category of the communist project undertaken by socialism, Here, I will attempt to analyze this aberrant practice.

Cuba Immigration and Customs Policy Changes under Consideration

The Cuban government is considering lowering to three years the period of prohibition of entry to the country after an act of illegal immigration and plans to expand the amount of currency that travelers can carry upon entry without formally declaring it.

Cuba and Sherritt of Canada Sign Deal to Increase Oil Production

The Canadian company Sherritt announced Monday the signing of a new contract with Cuban authorities for joint venture drilling and gas production for 10 years, extendable to 2028. The company’s executives have suffered reprisals from Washington for its economic relationship with Cuba, including being denied entry to the USA.

Cuba’s Phone Co. Sings the Blues

The socialist state telephone company, ETECSA, complains about the competition from individuals “using the Internet as an alternative route” to supplant “the role that corresponds to the company” and “International Telephone Companies” bringing “heavy financial losses.”

US Business Lobby Calls for Trade with Cuba

“Cuba is changing some of its economic policies and the private sector is evidently growing,” said US Chamber of Commerce President, Thomas Donahue, during his speech at the University of Havana, in which he condemned the economic embargo Washington has been imposing on Havana for more than fifty years.