Cuban authorities ordered the dissolution in 90 days of the Cubalse Corporation, one of the island’s largest state companies. Founded in 1962, Cubalse is devoted to providing services to foreign firms and embassies and to the collection of hard currency through chains of stores, cafeterias, as well as car sales and apartment rentals, reported IPS citing the accredited press in the Caribbean country.
Read MoreCuba is not immune to the world economic crisis and the government has announced adjustments for coping, including a reduction in energy consumption and planning for an economy with less growth. The general population to conserve electricity, hinting that a failure to do so could lead to programmed cuts in service.
Read MorePlanning and the market constitute issues of outstanding importance in the current context of the economic transformation that Cuba is undergoing. These are controversial issues around which there is a lack of needed debate, bearing in mind that presently, on occasions, an identity is established between the market and capitalism.
Read MoreThe US government has imposed a US $110,000 fine on the Dallas, Texas based Varel Holdings Oil Company for exporting technology to Cuba. The Obama administration is the 11th consecutive US government to enforce an economic blockade on Cuba and punish US companies that try to subvert it.
Read MoreCuba is “a complete destination,” said Minister of Tourism Manuel Marrero when inaugurating in the Caribbean country’s capital the FITCUBA 2009 Tourism Fair, which is being attended by professionals from 58 countries. He said the island offers safety, cultural diversity, nature, numerous events and health tourism, and nautical activities.
Read MoreCuba isn’t Ireland or Idaho, but potatoes are considered a staple in the local diet and they are distributed at a subsidized price through the rationing system. Currently the year’s main spud harvest is underway and Havana Times brings you a photo report from the fields and distribution points.
Read MoreDespite the global financial crisis, Cuba could face a surge in tourism in the coming months and years if restrictions just lifted on Cuban-Americans to travel to Cuba is extended to the rest of US citizens.
Read More“You don’t find news sitting behind a desk”. These are the words that come to my mind when I hear the name of our dear, late colleague, Eugene Godfried (10/23/1952 – 3/29/2009). And that’s how he lived his life as a journalist. He was always out and about looking for news.
Read MoreThe growth of tourism in Cuba in the first two months of this year has led to renewed hopes for the industry, once regarded as the engine of development on the island because of its rapid rise in the 1990s and its impact on the rest of the economy.
Read MoreWhen people around the world think about Cuban exports, most think of cigars and another that quickly comes to mind is Havana Club rum. The annual Impact Magazine ranking of the 100 most solicited distilled spirits worldwide explains why. The review puts Cuba’s Havana Club rum in 25th place, up four from 29th the previous year
Read More