Articles of Economy

News »

Increasing business opportunities

Cuba salud

Since 2014, Cuba has emphasized that its economic development largely depends on increasing the Gross Domestic Product (GDP) growth rate, which over the last decade has been steady at around 2%, almost half of the Latin American average over the same period. Analysis of international experiences demonstrates that economic progress requires a sustained growth rate

News »

Unleashing the Caribbean’s potential

aec panel sala prensa

Cuba aspires to create joint associations with Caribbean countries, with a view to stimulating joint development by exploiting common factors, while respecting each nation’s culture and history, Cuban officials stated during a press conference held in the context of the High-Level Segment of the Association of Caribbean States ACS-AEC, taking place today, March 9, in the Cuban capital.

News »

Díaz-Canel visits sites of social and economic importance

Diaz Canel

“With these centers we have recovered a step in pedagogical training that had been lost, one that is critically important,” said Miguel Díaz-Canel Bermúdez, first vice president of the Councils of State and Ministers, while visiting the Rigoberto Batista Chapman Pedagogical School in the municipality of Puerto Padre, Las Tunas province.

News »

Ecological agriculture in Cuba: Key to sustainability

Biogas natural

Cuban farmers are today betting on ecological agricultural techniques, using more environmentally friendly resources, focusing on food production as well as maintaining a balanced, sustainable ecosystem.

News »

The Asian bank competing with the IMF

Asian Bank

The emergence of the Asia-Pacific region as an operational center of the world economy is no secret. China’s strength among global powers, the solidity demonstrated by Japan and South Korea for years, and the rapid development of several emerging nations, make the easternmost continent the region of the future, where the largest movements of international capital are seen.

News »

Results of Victoria de Girón Socialist State Enterprise praised

Canel recorrido

Miguel Díaz-Canel Bermúdez, first vice president of Cuba’s Councils of State and Ministers, highlighted the encouraging production results of the Victoria de Girón Agro-industrial Enterprise, noting that the Socialist State Enterprise has the potential to become more efficient and continue consolidating its progress.

News »

Almost two decades promoting the world’s best tobacco

Habanos

The Cuban capital played host to the successful 19th Habano Festival (February 27-March 3), the largest annual international event for lovers of premium hand rolled cigars, which had as its main protagonists the H. Upmann, Montecristo and Quai D’Orsay brands.

News »

Cuba producing modern electric motorcycles

Motos

The first 100, 60 volt LT 1060 electric motorcycles with a 1,000 Watt three phase motor and produced by the city’s Ángel Villarreal Bravo Industrial Enterprise, recently went on sale.

News »

Cuba’s 2017 energy strategy

Petroleo

Aware that the energy sector is one of the 12 areas prioritized for foreign investment, Granma International takes a look at the strategic lines the country has charted for the oil industry this the current year.

News »

ECLAC forecasts a complex period for Latin American economies

barcena

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) outlined a complex period for the region’s economies in 2017, although she welcomed a return to modest, but positive, growth. Responding to questions from Prensa Latina, Alicia Bárcena explained that an increase in U.S. Federal Reserve interest rates and rising commodity prices are expected for 2017.