Business & Economy Archives - Page 4 of 216

Good News for Cuba Travelers: Tariff Exemptions Extended

Cuban authorities have extended exceptional tariff benefits, established to ease the shortage of basic necessities and the energy crisis…

While in the US consumers are facing increasingly higher prices, in Latin America food is getting cheaper.

They offer contracts in US dollars and work visas for the island of Grenada to Cuban masons and carpenters.

It’s clear that the Union Electrica state power co. is looking more like a team of firefighters trying to put out blazes with water pistols.

Basic services do not reach these territories, nor does state interest. No one listens, no one solves anything.

The Government insists the maintenance of the Guiteras plant is essential and calls on the population for “understanding and discipline”.

The reconnection of the grid does not mean electricity has returned to all Cubans, who suffer an average of over 15 hours a day without power

Cuba’s State Electric Company (UNE) reported the news in a message on its social networks on Wednesday morning.

“I love working the hives… because it’s what I like to do. But the Government discourages us every time it imposes these measures.”

Interview with Ricardo Torres Perez, author of the study: “Cuba’s Private Sector: Safety valve or engine of development?”