The Communist Party of Cuba announced a series of “financial guidelines” at a time of recession in the country, which grew the first half of 2016 by one percent of the GDP, half the expected.
Read MoreThe French corporations, Bouygues Batiment International and Aeropuertos de Paris will manage the “Jose Marti” International Airport of Havana.
Read MoreWith flights to Cuba on the rise, the Cuban Aiports and Aviation Services company has launched a call to train 50 air traffic controllers, who will earn a basic monthly salary of around 16 US dollars.
Read MoreIf the hypothetical rule of three is used to answer this question, shall we say, to the Venezuelan government’s financial difficulties and Cuba’s own insufficient energy resources, the economic crisis will hit Cuba suddenly and it could mean the end of its revolutionary era.
Read MoreJose Ramon Machado Ventura, the number two man in the Communist Party behind Raul Castro, said today that Cuba “will not accept external pressure”, at a time when the country is experiencing an economic downturn. He noted that any changes in Cuba are only “to strengthen socialism.”
Read MoreNestle Nespresso bought a container of approximately 18 tons of Cuban coffee beans, which were certified as coming from the 2015-2016 coffee harvest in Cuba, for US $90,000.
Read MoreRaul Castro, with the approval of the Council of State, today removed the Minister of Economy and Planning, Marino Murillo, and appointed Ricardo Cabrisas, one of Cuba’s six vice presidents to replace him.
Read MoreCuban President Raul Castro recognized today the “economic difficulties” in the country, but rejected “speculation and predictions of an imminent collapse” of the national economy.
Read MoreThe US government approved Thursday a list of eight airlines to fly routes from different US cities to the Cuban capital Havana. Last month the government authorized six airlines to fly to different Cuban provinces.
Read MoreThe Cuban government announced today that it “will face restrictions in the economy” during the remainder of 2016 due to the fall in international oil prices and nickel.
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