Business & Economy Archives - Page 59 of 207

The Fate of Savings Accounts in Cuba

They said nobody should worry about their savings losing value under the new economic reforms. After 2+ years, a different reality prevails

Instead of decentralizing State production, Pedro Monreal and Elías Amor call for prioritizing the private sector, which is much more capable

The donations come at a time when Cuba is producing less food and doesn’t have the money to import enough at past levels.

He bought lots of mills belonging to US owners because he felt that Cubans should be in control of the country.

The news rang alarm bells once again for most Cubans, who are always on edge and waiting for a new crisis.

The Office of Foreign Assets Control (OFAC) of the US Treasury Department granted a license to the Miami company Apacargo Express

Another fear is that food prices will rise further or supplies will decrease, if the shortage of oil makes it difficult to supply the markets

Cuban workers aren’t the only ones affected by the ruling elite’s control. Foreign or mixed enterprise are also subjected to the abuse.

“It will no longer be necessary to spend whole days and early mornings to acquire fuel.” Vehicle owners are skeptical about it helping.

“The thieves are walking free, we know who they are, but the Police says they have to catch them slaughtering the stolen animals”