Packets of beef jerky, 500g for 0.75 CUC! Word spread like wildfire through all of Central Havana, the “bargain” was waiting at Carlos III, the largest hard currency mall in the Cuban capital. A never-ending queue for three days, people could buy however much they wanted and that’s exactly what they did. Even the police had to intervene in order to keep things orderly.
Read MoreFor a half century the Cuban media boasts of successes in food production while the population faces endless shortages. Everyone is aware of the contradiction. Facing a growing financial crisis, the country continues to import over a billion dollars in food products each year.
Read MoreThe United States government issued new clarifications on Tuesday on measures that will take effect for travel, remittances and business with Cuba under President Trump’s policy toward the island. Illustration: progresoweekly.us
Read MoreAt these “now-or-never” times for Cuba, it’s crucial that organized and efficient foreign investment is given priority, as it would be no exaggeration to say that the future of Cuba, just as we have dreamed it, depends on this.
Read MoreDonald Trump says he means business and does not rule out any option, including the suspension of Venezuelan oil imports, as part of the economic actions against the government of Nicolas Maduro.
Read MoreCuban authorities side-stepped the diagnosis and early treatment of this aggressive mental disease and chose to remain silent, pretending like nothing was happening and imagining that this evil nature would disappear all of a sudden in the next generation.
Read MoreThe existence of two currencies as legal tender means that converting one for the other is a necessity, depending on the things you need to buy, while trying to save one’s meager salary at the same time. The current reality of the situation is that the much-needed conversion of these currencies has become a real challenge for the Cuban people.
Read MoreThe Cuban government estimated a 1.1 percent growth in gross domestic product (GDP) during the first half of this year, after posting a negative balance in 2016, reported dpa news today based on official sources.
Read MoreThe executive order signed by President Donald Trump this Friday in Miami to change US policy towards Cuba contains, in essence, new restrictions on travel and commercial activities, but does not affect family visits or remittances from the Cuban-American community.
Read MoreCuban authorities have launched a campaign to prevent economic the opening on the island being ripe for money laundering from abroad. The owner of two successful restaurants on the Havana seafront has been the first arrested.
Read More
