Business & Economy

Cuba’s Sugarcane Harvest is Looking Bad

The alarm was set off by Cuban Vice President Jose Ramon Machado Ventura: The panorama of the 2015-2016 sugar harvest is unfavorable and there doesn’t seem to be any hope for a recovery that would make possible meeting the government’s production plan.

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TostoneT: A Socially-Minded Cuban Tech Company

A small company in the heart of Havana has been struggling to remain afloat and push its projects forward since October of 2012. Liber Puente Baro of TostoneT says “Self-employment is tacitly recognized in Cuba,” while noting the obstacles are considerable.

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Now You Can Buy Wood in Cuba

After decades of absence from the market, Cubans can now buy lumber. Thanks to a resolution of the Ministry of Domestic Commerce, the government’s retail market of building materials can now offer wood to the population.

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US Relaxes More Aspects of its Embargo on Cuba

The US government today announced a further easing of some aspects of its embargo on Cuba, which could facilitate travel, trade and finance. The new measures take effect on Wednesday, announced the Departments of Treasury and Commerce in a joint statement.

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The Jazz Dream in Santiago de Cuba

There’s a part of the heart somewhere that gets sad if you don’t dress it up, if you don’t make it pretty, says Orlando Fuentes, drummer and director of Influencia, Santiago de Cuba’s most successful jazz band.

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USAID announces $6 million in Cuba grants

The U.S. Agency for International Development on Thursday announced that it is offering $6 million in grants over a three-year period to organizations that will “provide humanitarian assistance to political prisoners and their families, and politically marginalized individuals and groups in Cuba.”

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Venezuela Declares Economic Emergency

The Venezuelan government declared a 60-day economic emergency today that will include measures to speed up the import and distribution of food, consumer goods and medicines, announced the newly appointed Economy Minister, Luis Salas.

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Cuba’s Street Vendors: The Last Link in the Supply Chain

David is 21 and studying economics at the University of Havana. On weekends, when he heads back home in Batabano (in the province of Mayabeque), he works as a street vendor, selling produce. “My parents earn regular salaries. Do you think that you can support someone who’s going to university with 500 pesos a month?” he says, explaining how he and his grandfather decided to pool their savings and buy a cart to sell produce.

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