Cuba plans to rehabilitate agricultural production in the Valley of Caujerí, in the eastern province of Guantánamo, thanks to a joint project with China that will make it possible to recover the irrigation infrastructure and organization, valued at 1.1 billion US dollars
Read MoreA decrease in work productivity was registered in 2009, mainly caused by the “superfluous or excess use of payrolls in many of the country’s activities,” admitted Osvaldo Martínez, chairman of the Economic Affairs Committee of the National Assembly (parliament).
Read MoreCuba’s Gross Domestic Product will grow 1.9 in 2010, according to the state budget law approved by the National Assembly of People’s Power (parliament). According to official data, the island’s economy grew 1.4 per cent in 2009.
Read MoreCuba’s Minister of Economy Marino Murillo announced in his speech to the Cuban parliament a reduction in “social spending since the economy can not withstand its substantial amounts.” “Experiments are being carried out and work is going on in others to lighten the burden for the state in some services provided.”
Read MoreIn our journey to get to La Plata, we went through the rural community of Santo Domingo. The old command center is run by a man who was a messenger for Fidel in the Sierra, and who is one of the few people still in the area who possess a land title signed by Fidel himself.
Read MoreThe US government levied a huge fine of US $536 million on Credit Suisse Bank for carrying out transactions that violate the US embargoes against Iran, Libya, Sudan, Burma and Cuba.
Read MoreCuban authorities hope to complete a reduced housing construction plan by the end of the year. At the end of November, 29,703 houses were completed of the programmed 32,000. Cuba suffers from a prolonged housing shortage especially in the capital. Before three hurricanes caused severe devastation in the second half of 2008, the new housing construction goal had been 100,000 per year.
Read MoreInternational cooperation is supporting more than 60 production projects of the non-governmental National Association of Small Farmers (ANAP), announced Mario La O Sosa, head of the International Relations and Cooperation Projects Department of that organization. According to the official, that backing “has allowed for the implementation of irrigation systems, the repair of machinery and technological transfer.
Read MoreThe US Congress approved the lifting of restrictions imposed in 2005 by the George W. Bush administration on food sales to Cuba, reported the press in Washington. This measure will allow the island to again pay in cash while the merchandise is being transported and not through third country banks before the shipment of products.
Read MoreCuba and Venezuela signed 285 collaboration projects worth US $3.18 billion, it was announced today during the tenth Joint Commission between the two nations, being held in Havana prior to the December 13-14 summit of the Bolivarian Alliance for the Peoples of Our America (ALBA).
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