Business & Economy

Cuba Gov. Boots Key Minister

Yadira Garcia, 54, one of the highest ranking female cabinet members of the government of Raul Castro, was removed from her post as Minister of Basic Industries, informed the local press on Monday.

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US Columnist Asks for Lifting of Embargo

U.S. journalist Edward Schumacher-Matos, from The Washington Post, recommended today to the Barack Obama administration that it unilaterally lift the embargo on Cuba to avoid a new migration wave due to the economic crisis the island is going through.

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Party Asks Committees to Back Reforms

The ruling Communist Party of Cuba (PCC) asked the Committees for the Defence of the Revolution (CDR), the largest mass organization in the island, to explain to citizens the changes in the economic model and especially the laying off and relocation of half a million persons employed in the state sector.

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Massive Layoffs to Begin in Cuba

The Cuban government will begin a program of massive layoffs in the huge public sector of the economy by reducing a half million jobs in the first four months of 2011, announced the Cuban Workers Federation (CTC).

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Agreed, We Need a Different Model

The debate is sometimes sharp, at moments tense, closed; nor is it between individuals under the same conditions. Many revolutionaries and communists debate from the inside, which involves precariousness, patience and tolerance.

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Cuba’s Coffee Harvest without Students

The Cuban authorities will do without the mobilization of students and other personnel not linked to agricultural work to assume the 2010-2011 coffee harvest, as part of a plan to reduce expenditures during the international economic crisis, IPS reported. The measure, one of the agreements of the past 10th Congress of the National Association of Small Farmers (ANAP), will put in the hands of the farm cooperatives the major part of the responsibility in this crop, whose per-hectare yields have dropped by a third over the last decade.

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Cuba’s 4th Wind Park Nearly Ready

The fourth wind park built in Cuba, in the northeastern region of Gibara, today entered its final stage of civil construction and technological adjustments for its start up, reported IPS. The installation is made up by six machines capable of generating up to 4,500 kilowatt-hours, built on platforms sufficiently high to avoid the effect of sea encroachments.

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Cuba Seeks to Revive Citrus Production

Cuba will try to recover one of its traditional citrus areas with the planting of 30 new hectares in the area of Ceiba, in Caimito, southwest of the Cuban capital, the local press reported. This region’s crops were devastated by Huanglongbing (Yellow Dragon), a plague that destroyed 40-year-old plantations. The plan comprises extending the planting to 3,000 hectares by 2015.

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Black Market’s Role in Cuban Economy

The subsistence of persons in Cuba “depends primarily on the black market and not on the state economy,” according to the conclusions of a survey carried out by the independent Cubabarómetro pollster, which is coordinated by oppositionist Darsi Ferrer. The study, which is based on a sample of 381 inhabitants of the island’s capital, suggests the application of “liberalizing measures that have an influence on the conversion of the underground economy” into a new private economy of small businesses.

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