Business & Economy Archives - Page 67 of 195

Cuba Gov. Drops Price on Powdered Milk

In an effort “to gradually give more value” to Cuban salaries, the government announced Monday it would drop the price of 0.5 kg of imported milk powder by 9 percent to 2.65 CUC (around 3.00 usd).

Experimental Wholesale Market Closed in Havana

The El Trigal wholesale market for farm products, located in the outlying Havana municipality of Boyeros, will be closed as of Friday due to “irregularities”, announced government authorities. The move shuts down an important supply source to the population of the capital, particularly the retail markets, other sales outlets and self-employed street vendors, the main buyers.

Nicaragua in the Panama Papers

The leak of 11.4 million documents kept by the Panamanian firm Mossack Fonseca, popularly known as the Panama Papers, has afforded the public access to thousands of Nicaragua-related files that were reviewed by a Confidencial journalistic team over the course of four months.

Cuba’s State Telecom Monopoly Inks Deal with T-Mobile

Cuba’s only telecommunications company, ETECSA, signed agreements with T-Mobile that will benefit US customers using voice traffic, texting and data transmission, the two companies announced on Monday.

Venezuelan Supreme Court Blocks Property Ownership for Housing Projects

At the request of the Maduro government, the Venezuelan Supreme Court has overturned virtually every law passed by the legislature, controlled by the opposition. The latest came on Friday when it ruled unconstitutional a law passed by the National Assembly granting property titles to the occupants of government built housing.

Don’t Expect to See Cuban Coffee Sold in the US

The National Bureau of Cuba’s Small Farmers Association (ANAP) – the elite of government officials who represent Cuban farmers–, kicked up a fuss in response to the decision announced by the US Treasury Department on April 22, authorizing independent producers on the island to export coffee to the United States.

Havana Breathes Luxury with Chanel Models

European glamor and luxury brought a new air to Havana with the catwalk of Chanel models on the Prado Promenade in Old Havana on Tuesday evening, something unthinkable before rapprochement with the United States.

Free Trips to Cuba for Young Cuban Americans

A recently formed group called the CubaOne Foundation, started by four young Cuban American professionals, is offering free trips to Cuba for a limited number of Cuban Americans between the ages of 22 and 35. The goal is to help them “explore their heritage, meet their Cubans peers, and bring people together.”

Cuba Applies Price Ceiling for Farm Products

In a move to strengthen government controls over the island’s economic life, the Castro administration announced Tuesday price limits on agricultural staples from sweet potatoes and bananas to beans at the markets where most Cubans shop.

Cuba Gets Cruise Tourism from the USA

Carnival corporation’s “Adonia” cruise ship docks today in Havana, having left the port of Miami on Sunday afternoon. It is the first such vessel to arrive in Cuba from the United States in a half century.