Business & Economy Archives - Page 25 of 207

Cuba’s Banks Unable to Pay Certificates of Deposit

These instruments have been marked by non-compliance and Cubans loss of trust in the country’s financial system.

The stakes are high. According to a recent report by Global Witness, 196 land and environmental defenders were murdered in 2023

Like them, there are many Cubans who, tired of the salary conditions in the service of the State, try their luck in the private sector.

This week a pound of chickpeas in Havana costs 700 pesos ($2.20 USD). In September of last year, the price was 450.

Cuba’s Communist Party government has shown that times of greatest scarcity are not the scenarios that most threaten its power.

Annie feels abandoned by the system. “After 35 years of working, they wouldn’t give me a few months leave or let me work remotely.”

The provincial government claims there is enough food to go around but the ration store reality paints a different picture. .

State media frequently report on investments aimed at improving access to water. However, these actions do not seem to alleviate the crisis.

The Cuban State pays 15,000 pesos for an animal, processes it and sells it for 60,000 pesos, denounce the producers. (1 USD = 300 pesos)

Three years after the sector’s paralysis due to COVID-19, Cuba has not recovered the visitor numbers that exceeded 4 million in 2019.