Business & Economy Archives - Page 6 of 217

Cuba’s Pension Increase Lost in Inflation and Devaluation

“I only have 180 pesos left,” says a retiree waiting in line at the bank, but he’ll have to come back because it wasn’t his day to collect.

“If that Cuba is in US dollars, then I can’t go in,” complains an elderly Communist Party member.

Daily power outages continue to define the chaotic situation in Cuba, with almost inhuman impacts, especially outside the capital.

The Cuban State press last spoke about the Antillana de Acero steel industry in December 2023. The positive news then turned to silence.

Unable to recover to pre-Covid numbers of visitors, is the Cuban tourism industry now about to boom or continue a steady decline?

As Cuban agriculture produces less each year the government hopes that under Vietnamese management the trend can be reversed.

It happened in the former headquarters of the Chinese Chamber of Commerce, later turned into tenement housing after 1959.

Cuban exiles who practice Santería return to the island to make offerings to their deities and perform other rituals.

Tower K—named after the Havana street where it stands—has been controversial since its construction began.

The tone rose during a tense two-hour meeting in Luanda: “We don’t want virtual money; they are scamming us.”