Cuban economist Emilio Morales takes a look at the island’s foreign debt, economy and reserves and questions the claim that over five billion US dollars was actually paid on the debt during 2016. He also calls on a wide opening of the economy to outside funds as the only way out of stagnation.
Read MoreA delegation of four senators and one representative of the United States Congress traveled to Cuba on Sunday, exactly a month after the arrival of a new president to the White House. One of the senators is a strong ally of Donald Trump.
Read MoreDid you know that in Managua business establishments generate 197,000 jobs? Or that in the capital itself there are 228,281 homes, of which approximately 15,247 receive family remittances?
Read MoreWithout taking into account the drivers and owners of private vehicles, the local government decided to lower the prices of collective taxis in the capital. Many trips that previously cost 10 pesos now cost 5 and “compliance is mandatory”
Read MoreThe past returns to haunt us sometimes, and those you thought you’d beaten come back with more power. That’s exactly what happened to presidents Nicolas Maduro and Daniel Ortega on February 1st, when the United States Senate confirmed Rex Tillerson as the US Secretary of State for the new Trump administration.
Read MoreWhen the Cuban government announced that property could be bought and sold in November 2011, many people found themselves face to face with an opportunity to make some money or to finally get their own home.
Read MoreHavana Times’ monthly study of prices reveals that at the end of January, there had been a somewhat uncontrollable increase in some highly sought-after root and green vegetables, although certain products have maintained acceptable prices for customers in line with the current valuation between the market and people’s income.
Read MoreThe challenges facing new US President Donald Trump are many, but within 24 hours of his inauguration, his new administration is coming face-to-face with its first test related to Cuba. On Saturday, a delegation of Cuban government officials from the business sector landed in the US on a business trip which will last until February 3rd.
Read MoreAn article published this week in the Russian publication Sputnik has some people thinking that Vladimir Putin may be ready to provide Cuba with cheap oil to pick up the slack from Venezuela, its current supplier. Such a move by Russia would be a modified version of the former Soviet Union’s subsidizing the entire Cuban economy from the 60s until its demise in 1991.
Read MoreSo we see that the old work style has been taken up again in the new year, the heir of the Stalinist era in Soviet Russia, characterized by “leadership” visits to workplaces, housing estates and social works under construction, etc., to make sure that plans drawn up by those at the top are being met and to make clear that “the Revolution’s work is there to benefit the people.”
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