Business & Economy Archives - Page 7 of 206

Short on Cash, Cubans Face a Highly Unusual Inflation

On the front porch of a house, a small sales stall like many others in the area doesn’t reveal the true nature of the business behind it.

The Communist Party Las Tunas provincial newspaper claims that cases in the province are few and that there is no “crisis.”

The limited supply and production capacity that dominate the state-run commercial sector create opportunities for private businesses.

We are still waiting for an official statement, but the uproar is important—perhaps enough to shame them into reversing the decision.

Exactly 25 years after Panama recovered its sovereignty over the canal and negotiated the definitive departure of the US military bases.

Opened in 2023 by Cimex, Plaza Milanes and Ayllon, which sells in the magnetic MLC currency, languishes poorly stocked.

As in so many other public services before and now, Cubans have chosen to pursue life with and without electricity.

Recent reports confirm that, as happened previously with the MLC, dollarization will extend to more stores than initially announced.

Putin’s envoy, Dmitri Chernichenko, signs 13 cooperation agreements in Havana, without it being known in exchange for what.

The United Kingdom’s Supreme Court has denied Cuba permission to appeal again in the case against CRF I Limited (CRF I Ltd).