Reforming the pension system is an ever more urgent task, given that the Nicaraguan Social Security Institute (INSS) has suffered losses for the fourth consecutive year (a deficit of US $44,295,000 in 2016), bringing ever closer the moment of an economic collapse if urgent changes aren’t made.
Read MoreEverything closed, “or almost everything, which isn’t the same thing but is” – a singer-composer once said, this is what happened over the first three days of January in the Cuban capital.
Read MoreCharcoal made from the marabou weed bush will be the first product that Cuba exports to the United States in more than 50 years, thanks to an agreement signed today between the state-owned Cuba Export company and the US-based Coabana Trading LLC, dpa reported.
Read MoreCuba registered four million foreign tourists arriving this year, a record number that exceeds by six percent the forecasts of 3.7 million visitors by 2016, according to the Ministry of Tourism.
Read MoreDespite the high profile tourism boom, the Cuban government reported today that the national economy actually contracted by 0.9 percent in 2016, compared with 4.4 growth percent the year before.
Read MoreA group of friends walked past the corner on 23rd and G Streets in Havana. Alain stopped and looked at the poor state of what was once the busy Cafe G, the place of so many good memories during their university years, just a few years ago. “Do you realize… Now, if this were privately-run… it would pick itself right up off the ground.” I’ve heard this phrase several times, which summarizes the undisputed proof of before and after private individuals take over state-run businesses.
Read MoreBasic products such as beans, bananas, tomatoes, corn, spices (garlic, onion and peppers), as well as seasonal fruits, have similar absolute values as they did last year.
Read MoreCuba’s monopoly telecommunications company, ETECSA, announced today a 25% price reduction for Internet browsing at its Wi-Fi hot spots around the country. The new price is 1.50 CUC (equivalent to 1.65 USD) per hour instead of 2.00 CUC.
Read MoreThe US company Google and Cuba’s state-owned telecommunications company Etecsa signed an agreement on Monday to improve the speed of access to Google services on the island.
Read MoreThe Signing of important agreements between large US corporations and the Cuban government have finally been confirmed, on the eve of Donald Trump entering the White House on January 20.
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