The Cuban government must provide a viable credit policy for its low-earning population if it wishes to successfully bridge the economic transition period to relieve the state apparatus and create more self-employment within the country.
Read MoreWhat would have been unthinkable a couple of years ago is now becoming a reality. Google has been reported to be setting up shop in Cuba. And what could this imply to the Cuban people? The Holy Grail: cheap and fast Internet.
Read MoreUS president Barack Obama met on Monday afternoon with US business people and “self-employed” Cubans in Havana, as part of his historic trip to the island run by Raul Castro and the Cuban Communist Party.
Read MoreThe restaurant chosen by the Obamas for their first dinner on the island is called “San Cristobal” and is located in Central Havana, a neighborhood of narrow streets and colonial buildings, some of them badly damaged.
Read MoreStarwood will manage the emblematic Hotel Inglaterra in Old Havana and the Hotel Fifth Avenue in the Miramar. The company based in the state of New York also signed a “letter of intent” to run the Hotel Santa Isabel, located in the historic city center.
Read MoreThe Cuban government announced today that it will eliminate its 10% tax on the use of the US dollar on the island. The good news for ordinary Cubans and tourists alike comes in response to Washington’s new measures to further relax the economic embargo.
Read MoreThe Caterpillar Foundation announced that it will donate half a million dollars to the Finca Vigia Foundation, an organization that works to restore and preserve the house of Ernest Hemingway in Cuba, historical documents and other items that belonged to the US writer.
Read MoreCuban Customs authorities denied having set down luggage restrictions for passengers traveling from the United States to the island and said that the customs fee regulations remain the same. The clarification is made in response to reports by Miami media.
Read MoreThe mayor of Washington D.C., Muriel Bowser, is in Cuba on a several day visit. In Havana on Monday she praised the thaw between the US and Cuba, one month before the historic visit that President Obama will make to the Caribbean island.
Read MoreIf you buy a glass of juice at a private food stand or cafe in Havana you generally have to content yourself with something made out of concentrate or syrup, or with a drink prepared using a tiny slice of fruit, plenty of water and sugar. The best thing these juices have is their price, somewhere between 3 and 5 Cuban pesos. (8 photos)
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