Cuba Gov. Tackles Big Corruption Case
Among those suspected to have been involved and who are now under arrest are senior-level management, government officials and other workers in the fields of commerce and quality control.
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Business & Economy
Direct Farm Products Sales to Hotels Begins
Starting today, Cuban farmers can sell their products directly to the tourism sector entities, meaning their sales will no longer have to pass through state-run intermediaries.
Read MoreCuba Party Conference, a Last Chance
The steps announced to offset the gradual move away from the paternalistic role of the state (decentralization, the autonomy of business enterprises, the relaxation of restrictions on self-employment, moves towards cooperativism, and the elimination of many absurd rules) are being carried one drip at a time and from a state-centric vision.
Read MoreCuba Loan Program to Begin Dec. 20
Bank loans for small businesses and farmers will gradually become a reality starting Dec. 20, states Cuba’s official press on Thursday. However, the overall amount of funds budgeted by the government for the loans was not made public.
Read MoreAuthority in Cuba Should Rely on Reason
Here in Cuba there’s not a single store where one can buy a simple board to fix the dinner table or replace a roof beam. This means that the only alternative left to people is the black market. To top it all off, though the authorities have just begun allowing self-employment by carpenters, they don’t sell them any wood.
Read MoreCuba Farmers Get New Market Freedom
Cuba will now allow its collective and individual farmers to sell directly to businesses in the tourist industry, a move geared to provide incentives for quality products and timely deliveries. The move takes effect on December 1.
Read MoreWhy Cuba Is Not Part of the IMF, WB & IDB
While researching his new report Reaching Out: Cuba’s New Economy and the international Response for the Brookings Institution, Feinberg found that while on the U.S. side few officials have any real knowledge of the Cuban economy, the executive branch understands that it is in the U.S. best interest for Cuba to be admitted to the international financial institutions (IFIs).
Read MoreUpdate on Cuba Internet Cable
The controversial fiber optic cable linking Venezuela and Cuba has been tested and is already secretly providing service to some government entities, reported the Cafe Fuerte website on Thursday.
Read MoreCuba Shares Its Experiences in Agroecology
Farmers and experts on agriculture from Haiti, Guadeloupe and Martinique are touring fields in Cuba this week, along with local colleagues, to exchange experiences to foment ecological fruit growing on Caribbean islands.
Read MoreDengue Vaccine Advances in Cuba
“We don’t like to talk about our specific goals,” says Cuban virologist María Guadalupe Guzman, as a subtle way to avoid going into too much detail about the research she is heading up to develop a dengue vaccine.
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