Business & Economy Archives - Page 8 of 217

Cuban Military Conglomerate Is Flush with US Dollars

Founded in the 1990s to circumvent the US embargo, GAESA has grown into the island’s dominant economic player.

Merchants search for the best merchandise they can resell and are making plans to import directly from China—if Customs allows it

Of the eight floating power plants Cuba once had, only one remains in Regla, and it’s suffering from a lack of fuel.

Their market is dollarized stores, tourist hotels, and warehouses controlled by the Cuban military conglomerate GAESA.

When I lost my job, due to that position I had bet on and that didn’t work out, I had to start looking quickly.

Economist Pedro Monreal believes the government doesn’t care about hotels, but rather about the real estate business of leasing them.

This deceptive narrative, common in official Cuban discourse and echoed by state media, omits key internal causes and distorts reality.

Things that happened in 1986 set future trends in motion. Sometimes what occurs beneath the surface has long-term effects.

The Baracoa Agroforestry Company sold tons of product stored for years to small businesses at double the price paid by the state company.

A foreign friend expressed her apprehension before accepting a trip to Cuba as a tourist. It was a country she had never visited before,…