Business & Economy Archives - Page 2 of 206

Richmeat Brings Dollarization to Havana’s Oldest Market

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.

Bahamas will establish direct contracts with the Cuban healthcare workers currently in the country, instead of via the Cuban government.

If there are people who can’t even afford bread, how can you ask them for money to fix a pump that the State should be repairing?

Santa Catarina, Brazil has already eliminated open dumps, although it is ignored if all of them have been cleaned up.

“Nothing ever comes to the ration store. We’re living off the small private businesses, off hot dogs that cost 450 pesos.”

Two doctors said that the bank told them it did not have the foreign currency to pay them what they were owed for their work in Angola.

“We need to withdraw more and more, and the banks are giving less and less,” lamented a frustrated citizen about inflation.

“We were called in to unload the rice, but the people on the ship won’t hand it over until they see the money.”