The 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.
Read MoreOne of the most significant actions taken today was to rescind the ban on receiving cargo ships in US ports for six months after having docked in Cuba. This provision could make much more viable the deep water port that the Castro government built with Brazilian funding at Mariel west of Havana.
Read MoreWhile the Cuban government and Communist Party finance, control and monitor all media and any legal organizations in the country, the US government funds several organizations, some based inside Cuba and some abroad, trying to effect policy or regime change on the island.
Read MoreThe state company CubaPetróleo (Cupet) reduced the level of expectations created by the alleged discovery of a major oil field in the center of the island and said the news was a “misinterpretation”.
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