Business & Economy

Cuba’s Foreign Trade Analyzed

The report considered it essential to have information about the elements that govern the activities related to the sector. In addition, it assessed the work done with that aim by the Center for the Promotion of Foreign Trade and Foreign Investment in Cuba.

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Cuba to Update Its Labor Code

The current code covers only the state sector, which is why a new code will be developed taking into account the new emphasis is being placed on self-employed and private labor.

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Cuba 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.

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Cuba 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.

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Authority 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.

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Cuba 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.

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