Business & Economy Archives - Page 35 of 221

New Total Power Outage in Cuba, the Third in Two Months

The third disconnection in less than two months came at 2:08 a.m. this morning, once again plunging the country into total darkness.

Even with plenty of money in your pocket, it is not so easy to buy a product that has been disappearing from Cuban markets and homes.

“Despite an investment of more than 24 billion dollars, the results show an alarming decline,” says Cuba Siglo 21.

The price of pork meat at Cuban markets has always worked as a thermometer to measure the state of the domestic economy.

The image in the cities is repeated: dark and impoverished streets, lit only by luxurious hotels that most Cubans cannot access.

New challenges in visiting Cuba with its deteriorated infrastructure and energy outages compounded by the recent natural disasters.

The province of Santiago de Cuba is approaching zero energy generation and receives one-tenth of what it needs.

The tourism minister admits that the target of 200,000 Russian tourists arriving to Cuba will not be met this year.

Facing the arrival of a hurricane in Havana is no joke, especially when the housing infrastructure is increasingly deteriorated.

It is becoming more and more expensive to pay for the few products that are at the Saturday’s food fairs in Cienfuegos.