Business & Economy Archives - Page 60 of 213

Cubans Struggle with ATMs and Banks

Is there a bank branch in the municipality of your residence? Or do you live in one of the 100 that does not have an ATM?

Few things have broken the apparent unity of the regime as much as the debate over micro, small and medium-sized businesses

Doctors have become waiters, restaurateurs, hairstylists etc., to feed their families, as MD’s salaries are among the lowest worldwide.

The illustrations in this issue are inspired by the effort of the Cuban government to restrict the flow of cash currency in the country.

It is going to mean a devastating blow for everyone: pensioners, workers, small owners, students, the unemployed, remittances, everyone.

Unaware or ignoring the way the market economy works that they’ve tried to kick start, the Government is poking around in the dark…

A kind reader asks me why the Cuban economy is having so much difficulty getting ahead and improving the living conditions of the population.

It was 10:00 AM and people in line for the ATM at the Banco Metropolitano on Infanta and San José in Central Havana were growing impatient.

Yesterday I went to withdraw money from the Toyo ATM and at times I thought that the fish market located thirty meters away had stocked up.

This is what Don Quixote might say if he were the owner of a small or medium sized business or an economist for a Cuban state company.