Business & Economy

A Cancer That Eats Away at Cuba

Cuban authorities side-stepped the diagnosis and early treatment of this aggressive mental disease and chose to remain silent, pretending like nothing was happening and imagining that this evil nature would disappear all of a sudden in the next generation.

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It’s Getting Harder and Harder to Change Money in Havana

The existence of two currencies as legal tender means that converting one for the other is a necessity, depending on the things you need to buy, while trying to save one’s meager salary at the same time. The current reality of the situation is that the much-needed conversion of these currencies has become a real challenge for the Cuban people.

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Cuba Announces 1.1% Growth in 2017

The Cuban government estimated a 1.1 percent growth in gross domestic product (GDP) during the first half of this year, after posting a negative balance in 2016, reported dpa news today based on official sources.

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Understanding the New US Policy on Cuba

The executive order signed by President Donald Trump this Friday in Miami to change US policy towards Cuba contains, in essence, new restrictions on travel and commercial activities, but does not affect family visits or remittances from the Cuban-American community.

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Two Private Restaurants Closed in Havana

Cuban authorities have launched a campaign to prevent economic the opening on the island being ripe for money laundering from abroad. The owner of two successful restaurants on the Havana seafront has been the first arrested.

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Cuba Housing Construction: 10 Years in Decline

Housing construction in Cuba has fallen for the tenth consecutive year in a row, adding to the further decline in a country with great housing shortages. This despite the opening of the housing market for buying and selling and some government subsidies.

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