Venezuelans began rushing Monday to shed their 100-Bolivar bills, currently the highest denomination in the country (although only worth US $0.025), which will be out of circulation in 72 hours by a presidential order.
Read MoreThe European Union (EU) and Cuba signed today a Political Dialogue and Cooperation Agreement, which provides for much more intense political and trade exchange, as well as greater cooperation in areas such as fighting Climate change, tourism and culture. The accord had been announced weeks ago and was formalized on Monday.
Read MoreAn analysis of the food market in our country reveals the continuity of high prices which tend to increase, taking the official average salary of consumers into account. Here is my attempt to explain the different markets that exist in Cuba for food.
Read MoreThe Central Bank of Venezuela (BCV) introduced six new banknotes this week and three coins to facilitate commercial transactions amid the escalating inflation in the country. Circulation will begin as of December 15th.
Read MoreUp until the first years of the Revolution, there were 161 operating sugar mills, and production varied between 4 and 5 million tons per year, with all-time highs of just over 8 million tons per year in the ‘70s and ‘80s. However, over the last few years, only 50-60 sugar factories continue to grind sugar with production levels standing at 1 to 3 million tons per year.
Read MoreFor over two years now, Cuba has been doubling its efforts to attract a greater flow of foreign capital. And it’s no longer understood as a “necessary evil”, nor a “complement” but as a vital aspect for national development. However…
Read MoreThe first commercial flight between Miami and Havana in more than 50 years landed on Monday in the Cuban capital, coinciding with the start of funeral honors for Fidel Castro and the threat of Donald Trump to reverse the opening towards the island.
Read MoreCuban authorities have insisted on the Cuban people knowing the absolute minimum about the Vietnamese “perestroika”, known as the Doi Moi, for one main reason: private property, a subject which has terrorized them.
Read MoreThe Political Dialogue and Cooperation Agreement between Cuba and the European Union that will end the so-called “common position” which restricts relations with the island, will be signed on December 12, confirmed Herman Portocarero, the European ambassador in Cuba.
Read MoreAfter an extended silence, the Cuban government has finally come out to explain the controversial contracting of hundreds of workers from India to build a modern hotel in Havana.
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