Business & Economy Archives - Page 9 of 217

Salaries in Cuba: Working for Almost Nothing

“The always-antagonistic relationship between wages and inflation has taken on dramatic tones in daily life in Cuba.”

The price increase reduces online activity to the essentials and makes video calls an unreachable luxury for many Cubans.

In 2024, foreign currency sales for honey were estimated at 45 million US dollars for over 8,000 tons.

The recent resignation of Cuba’s Minister of Labor and Social Security has brought the issue of social classes in Cuba to the forefront.

The largest and oldest market in Havana, Cuba is closed and will no longer sell in the magnetic MLC currency.

What I see when I walk around my town, Cojímar, on the outskirts of Havana, which, to me, reflects what my country is today. (16 photos)

Well stocked for years, but with the currency switch from CUC to MLC in 2021, its products started disappearing. (17 photos)

The talk of the week was the unfortunate remarks—and swift dismissal—of the Cuba’s Minister of Labor and Social Security, Marta Elena Feitó.

Without housing, formal employment, and a ration book, these internal migrants are “illegal” in their own country.

For seven years now, the rain has been irregular. It comes when not expected and is lacking when most needed.