Business & Economy Archives - Page 2 of 201

Today’s Average Cuban Salary Now Equals US $16 per Month

Barely enough to buy four bottles of cooking oil or two and a half cartons of 30 eggs in the small private shops when they are available.

“There’s a real joy because of this festival. It’s a blessing for the people,” said local resident Roberto Verdencia to IPS.

A Vietnamese company was also the first to receive land in Cuba—initially 308 hectares—to plant rice in Pinar del Río.

On the front porch of a house, a small sales stall like many others in the area doesn’t reveal the true nature of the business behind it.

The Communist Party Las Tunas provincial newspaper claims that cases in the province are few and that there is no “crisis.”

The limited supply and production capacity that dominate the state-run commercial sector create opportunities for private businesses.

We are still waiting for an official statement, but the uproar is important—perhaps enough to shame them into reversing the decision.

Exactly 25 years after Panama recovered its sovereignty over the canal and negotiated the definitive departure of the US military bases.

Opened in 2023 by Cimex, Plaza Milanes and Ayllon, which sells in the magnetic MLC currency, languishes poorly stocked.

As in so many other public services before and now, Cubans have chosen to pursue life with and without electricity.