Business & Economy Archives - Page 68 of 220

Cuba: One Economic Slip-up after Another

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.

The Central Bank of Cuba issues measures to force electronic banking operations as of this Thursday, August 3rd.

The stolen products affected the sale of the meager rations to the population, whose complaints led to inventories and audits

The three concessions the regime intends to grant are equivalent to 226,083 hectares, denounced Fundacion del Rio.

Out-of-control inflation feeds a cycle of interdependence with exchange rate devaluation of the peso increasing the price of imported goods.

Ortega negotiated a Free Trade Agreement with China in less than a year. It will be signed in the coming days & enter into force in Jan. 2024