Business & Economy Archives - Page 2 of 213

The Cuban Economy: A Deepening Decline

Cuba faces a multidimensional crisis—economic, infrastructural, social—that calls for nothing less than structural change.

The Cuban government boasts of an increase, ignoring inflation and the depreciation of the national currency.

When someone in Havana needs to repair a washing machine, they imagine the mechanic will be a tall man, with rough hands and a smell of grease

The Cuban government disguises government and military owned hotels by outsourcing their management to foreign entities.

Many Cuban families cook in the hallways, using charcoal or wood, making them so smoky it’s hard to breathe.

Every morning, Jose Luis discreetly picks up the goods and walks the streets of Matanzas, Cuba to sell them.

“I only have 180 pesos left,” says a retiree waiting in line at the bank, but he’ll have to come back because it wasn’t his day to collect.

“If that Cuba is in US dollars, then I can’t go in,” complains an elderly Communist Party member.

Daily power outages continue to define the chaotic situation in Cuba, with almost inhuman impacts, especially outside the capital.

The Cuban State press last spoke about the Antillana de Acero steel industry in December 2023. The positive news then turned to silence.