Business & Economy Archives - Page 74 of 220

The True, the False & the Right Questions on Cuba’s Economy

Of course we have to produce more! But the correct question for an economist and for the economy would be: How do we produce more?

The money will be used to pay Pleatex’s debt to Blue Capital Partners, two foreign companies that have operated in Cuba

If we take the last 15 years into account, everything indicates that when prices increase, the Government’s key measure is applying controls.

The glass of milk for “anyone who wanted it”, proclaimed by Raul Castro in 2007, has even been erased from the official records of that day.

Spectacular data was offered from the productive and commercial monopoly consortium of Cuban tobacco, Habanos SA.

Food prices might not seem so high to a foreigner since they have also risen considerably abroad. The big difference is in purchasing power.

The Russians are going to repair the plant & start producing. They will bring their own workers, but say there will be some places for us.

“The IMF isn’t interested in democracy, only in the macroeconomic fundamentals, even if these are obtained at the cost of essentials…”

Havana is filling up with private businesses without the authorities publicizing the tenders for their procurement.

The report sees the “subjugation” of Havana by Moscow resulting in “the new dominant class being a kleptocratic and autocratic oligarchy”.