Business & Economy Archives - Page 68 of 195

Cuba Says Peso Exchange Rate Has Not Changed

Rumors in recent days about a shift in the exchange rate of the regular Cuban peso (CUP) and the hard-currency-pegged CUC are false, informed the Central Bank of Cuba on Saturday.

Shooting Papa Hemingway in Cuba

Directed by Iranian-American, Bob Yari who produced notable films such as The Illusionist and Oscar-winning Crash, the movie faced many hurdles in order to be filmed in Cuba. Yari overcame obstacles due largely in part to the limitations of the U.S. embargo against Cuba. According to Yari, 90% of the film crew was Cuban, and 95% percent of the movie was filmed in Cuba.

Beer Shortages in Cuba with More Tourism

Beer drinkers in Cuba have been on edge since the press acknowledged the domestic industry’s inability to satisfy the growing demand for the product at State hard currency stores and private businesses, a situation now coupled with the tourism boom.

The Cuban People and Price Relief

On April 22, some pleasant news: the price of a series of crucial products were lowered by around 20%. In any other country, this figure could be considered highly significant and cause for nationwide celebration, however in deformed and dysfunctional Cuba, everything works differently. Let me explain why.

Free Software Festival Closes in Havana

The third consecutive Latin American Free Software festival concluded in Cuba on Saturday. Of special interest to participants were the Cuban solutions for using Wi-Fi connections from mobile phones.

Fast and Furious Filming in Cuba

For several days, the traditional seaside promenade-avenue of Havana, known as the Malecon, becomes a race track for filming of the eighth film of the Hollywood productions “Fast and Furious”.

Cuban Gov. to Allow Citizens to Travel by Sea

The Castro government announced today it was lifting the longstanding prohibition on anyone born in Cuba from traveling by sea. The measure will allow Cubans to hire out on merchant ships and travel on cruisers. The change takes effect on April 26th.

Cuba Cuts Prices by 20% on Food Products

The Cuban government implemented this Friday a reduction of 20 percent in the price of 70 products, mainly food, in response to the demands of the general population over the insufficient purchasing power of their salaries and pensions.

AirBnB Nicaragua: a Hotel in Your Home

In the last days of March, Roger Boniche attended an extraordinary event in Cuba. The Rolling Stones, one of the most influential bands in the history of Rock, offered a concert in Havana on the heels of President Barack Obama’s visit. The 40-year-old orthodontist didn’t want to miss this event, so he flew to the island to witness it first-hand. While he was enjoying the music of the British rockers, he earned money by renting out his house through AirBnB. He posted an ad on the site, and the company did the rest for him.

Panama Papers: World Leaders & Rich Criminals Exposed (Video)

The revelations implicate 12 heads of state and a number of other politicians, their family members and close associates, including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine.