Business & Economy Archives - Page 6 of 213

Cuba’s Biggest Marketplace Readies for US Dollar Sales

The largest and oldest market in Havana, Cuba is closed and will no longer sell in the magnetic MLC currency.

What I see when I walk around my town, Cojímar, on the outskirts of Havana, which, to me, reflects what my country is today. (16 photos)

Well stocked for years, but with the currency switch from CUC to MLC in 2021, its products started disappearing. (17 photos)

The talk of the week was the unfortunate remarks—and swift dismissal—of the Cuba’s Minister of Labor and Social Security, Marta Elena Feitó.

Without housing, formal employment, and a ration book, these internal migrants are “illegal” in their own country.

For seven years now, the rain has been irregular. It comes when not expected and is lacking when most needed.

Those receiving the minimum pension of 1,528 pesos (≈ 4 USD at the informal exchange rate), will see their income doubled.

“We can convert our garbage into proteins, into gold for animals, and the surplus waste into fertilizer,” the retired physician assured.

Experts warn that the rise in poverty and begging reflects the ongoing economic crisis, exacerbated by limited access to basic resources.

Nearly three months before the summer holidays, Ledis Fernandez went to a travel agency in Camagüey to book a day trip to Cayo Cruz.