Articles of Economy

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Alejandro Gil: We are counting on everyone’s efforts to find solutions, not justifications


To say, once again, that the Cuban economy should grow around 0.5% in 2019 is not a simple repetition. Returning to the figure, in this case, serves to recognize its significance, although seen alone, it does not tell us much, nor does it impact Cubans’ quality of life in an appreciable way.

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We are brothers and sisters in struggle of Fidel and Raul! We are continuity!

canel diaz a nac

The National Assembly’s Ninth Legislature, meeting December 20-2, can only be described as historic, with the designation of Manuel Marrero Cruz as Prime Minister, and confirmation that Cuba is advancing despite the tightening of the U.S. blockade, defending the Revolution with joy, in peace

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Estimates indicate that the Cuban economy did not decline in 2019, another victory over the U.S. blockade

motos venta

Despite the limitations, and thanks to the efforts of our people, it is estimated that the Cuban economy will not decline in 2019, evidence of our capacity to resist and the untapped potential we have, said Alejandro Gil Fernández, Minister of Economy and Planning, when informing deputies of the economy’s performance in 2019, prior to the Fourth Ordinary Period of Sessions of the National Assembly of People’s Power Ninth Legislature.

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“Saving, being efficient, always produces earnings”

Diaz Canel Asamblea

The people have faced the fuel crisis with the best response: solidarity, understanding, seeking and providing solutions. They rose to the occasion, but we must continue to promote awareness, since this is the responsible way to act, said the President of the Republic, Miguel Diaz-Canel Bermudez, yesterday, during a working session of the Industry, Construction and Energy Committee.

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The Cuban economy has advanced without neoliberal prescriptions


Given the complex international situation Cuba faces, marked by the intensification of hostile U.S. policy, the nation has resisted and achieved positive results, insisted the President of the Republic, Miguel Díaz-Canel Bermúdez, during a meeting of the Economic Affairs Committee.

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UN agency announces lowest growth rate for Latin American and Caribbean economies in 70 years

cartel cuba eeuu

The region has experienced a generalized, synchronized economic slowdown in most countries and sectors, completing six consecutive years of limited growth, ECLAC reported on Thursday, in its latest annual report released by its headquarters in Santiago de Chile.

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The real interest of the United States and transnational corporations in Latin America and the Caribbean

industrias importacion

Our America is again suffering escalating aggression by U.S. imperialism and local oligarchies. The region is experiencing a sad reality involving dangerous turmoil and socio-political instability, promoted by Washington. The hemisphere’s most reactionary forces are attacking sovereign governments with coups, methods of unconventional war,

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Díaz-Canel: “In difficult times, think differently”

cuba construccion

This approach was emphasized during a review of the national housing program, by the President of the Republic, Miguel Díaz-Canel Bermúdez, who insisted forcefully on the need to transform current mechanisms to address delays, such as the delivery of cement to provinces, fundamentally to sales outlets affiliated with the Ministry of Domestic Commerce (Mincin), allowing the population greater access to construction materials, while at the same time contributing to the economy with increased retail sales.

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Why does Cuba maintain a 10% tax on U.S. dollars in cash?

Cuba cash dolar

Why does Cuba maintain the 10% fee? Because our reality is unique, because of our audacity, because not yielding to the pressure of the most powerful empire in the world has become a matter of principle, and because economic sovereignty sustains the independence we defend, since Cuba’s road to development is not like anyone else’s.

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Naval repair industry revives in Cuba with new dock

Dique astilleros

With today’s delivery of a modern floating dock with the capacity to receive ships of up to 65,000 tons of displacement, Cuba is once again inserted in the international market for naval repairs. The structure will allow the repair of Panamax-type ships and was manufactured within 18 months by the Chinese firm National Machinery Import and Export Corporation (CMC), headquartered in Shanghai.