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.
Read MoreDavid 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.
Read MoreThe latest Cuban multi-millionaire is the 24-year-old right-handed pitcher Yaisel Sierra who has just signed a $30 million plus 6-year contract with the L.A. Dodgers, reports MLB.com.
Read MoreIn his last State of the Union address today, US President Barack Obama asked Congress to lift the embargo on Cuba to “consolidate our leadership and credibility in the hemisphere,” reported dpa news.
Read MoreThe Dutch multinational Unilever, one of the largest global manufacturers of personal hygiene and home care products will return to Cuba after being authorized to create a joint venture with majority ownership, reported dpa news.
Read MoreCuba’s only telecommunications company, ETECSA, reported today that it has restored its fallen Nauta and Enet email services.
Read MoreUsers of Cuba’s two main internet providers Nauta and Enet, both belonging to the State monopoly telecommunications company ETECSA, woke up today without service, something which also happened for several days at the end of November.
Read MoreGermany’s deputy Foreign Minister and Economy Minister, Sigmar Gabriel, arrived in Cuba on Wednesday to back the economic opening of the island’s economy and advocate for bilateral trade.
Read MoreVirginia governor Terry McAuliffe began on Sunday an official visit to Cuba. He is the fourth leader of a US state to do so since Washington and Havana announced their diplomatic approach just over a year ago.
Read MoreTo hope for the best and prepare for the worst seems to be the maxim followed by those who manage Cuba’s economy when offering an overview of the situation, which doesn’t look very promosing in 2016.
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