Business & Economy Archives - Page 66 of 213

Russian Cookbook for Cuba: Preliminary Overview

If the reform program the Cuban Government requested from Russian experts is to develop private enterprise, then something smells bad.

In the state companies of Sancti Spíritus, “zero consumption” was imposed between 11 in the morning and one in the afternoon

You can’t ask people to be innovative in the search for resources and solutions and then keep their hands tied.

While the Government plays Monopoly, citizens wonder how this will affect their daily lives. Will inflation and scarcity decrease?

The policy’s effectiveness will depend on incentives given to citizens who possess USD to deposit some of them in the bank.

According to the Central Bank announcement, “financial & banking institutions will now accept cash deposits in US dollars for bank accounts.”

Tourists can bring some food and medicine to mitigate the shortages, but obviously can’t bring their own gasoline.

The news of the sentence in London was presented this Tuesday as a triumph by the official press, however, its not so clear.

The Russians are not going to be the salvation of the Cuban economy. Not by a long shot. No one should expect magical solutions in all this.

Economist Pedro Monreal thinks the Government spends too much time focusing on commercialization, instead of prioritizing production.