Articles of Economy

News »

To export, first produce with quality

Alimentos Villa clara

It is difficult to find an international visitor in Santa Clara who does stop by the Bormey Peanut House. Before the current pandemic, hundreds arrived every day, determined to purchase the delicious nougat sold there, to take to friends and relatives abroad.
Those with a sweet tooth in nations like Spain and Antigua & Barbuda, among others, will soon be able to purchase the famous peanut bars and other products based on the tasty, nutritious groundnut, without having to board a plane.

News »

The blockade has been tightened to an unprecedented, criminal level

pintura Bloqueo

In view of the effects caused of economic persecution by the United States government, with the blockade tightened to an unprecedented, criminal level, the second secretary of the Communist Party of Cuba Central Committee, José Ramón Machado Ventura, stated in this city that production of the food the country requires, despite limited availability of inputs, is key to mitigating the effects of hostile U.S. policy. Presiding a review of agricultural programs being implemented in the province, Machado Ventura insisted on optimum use of all resources.

News »

40 contracts signed by Cuban exporters with non-state producers

Cuba exportaciones

“Since the effective date, more than a month ago, of rules governing relations between companies specializing in foreign trade services and non-state forms of management, 40 contracts have been signed to carry out some type of operation, in accordance with the country’s strategy approved to boost the national economy and place all players on an equal footing.” This is the news reported to Granma by Vivian Herrera, General Director of Foreign Trade at the Ministry of Foreign Trade and Investment (Mincex)

News »

Cuban innovation to reduce the nickel industry’s reliance on imports

Cuba fabrica niquel

The repair of just one of the large furnaces, at the Comandante Ernesto Che Guevara Nickel Enterprise, reveals the shocking fact that the job costs between three and five million pesos. To avoid a shutdown at the smelter, which generates “hard” currency income for the country, there are two alternatives. Either incur the significant expense of importing the necessary parts, or develop solutions here.

News »

Rafael Fundora’s secret, or how Cuban lemons got to Spain

lazaro fundora

Lázaro Rafael Fundora Hernández is a man who does not believe in luck. Making his first export of lemons to Spain and directing the sale of avocados abroad has been the result of many years of perseverance. “What we achieved was a family endeavor, we proposed them and we achieved it,” he says without stopping the movement of the mincer over the lands where he was born.

News »

Non-state sector: Banco Metropolitano reports on facilities to open accounts in MLC

Banco

Banco Metropolitano reported today on the offer of a service to open current accounts in freely convertible currency (MLC) for non-state forms of management. Through a press release, the institution explained about the implementation of the necessary mechanisms to guarantee the process of opening current accounts in MLC for Cuban natural and legal persons who carry out foreign trade activity.

News »

China urges US to stop intimidation against TikTok and WeChat

tik tok

China on Saturday accused the United States of acts of “intimidation” by banning the download of the TikTok and WeChat applications from Sunday, and threatened to retaliate . “If the United States persists in its unilateral actions, China will take the necessary measures to resolutely protect the legitimate rights and interests of Chinese companies,” the Chinese Ministry of Commerce said in a statement.

News »

Varadero ready to awake

Varadero

The renowned Matanzas beach resort, intent upon being the world’s most beautiful beach, and better equipped to welcome visitors when tourism is definitively re-opened. Those who are able to return, surely in short order, will be amazed by the novelties and how much Cuba’s principal sun and sand destination has changed.

News »

Monetary unification on the horizon in Cuba

Moneda cambio cuba

There are words that mark eras, that define futures. And when the Cuban economy in this century is discussed, terms like dual currency and monetary unification will always be present, in every environment, from academic reviews to everyday conversation, because issues that impact the lives of a people enter into national history.

News »

The pandemic has not undermined Cuba’s commitment to workers

CUba Trabajadores

When Cuba’s President attends the World Leaders’ Summit of the International Labor Organization, July 7, he will discuss the 36 government measures taken to address labor, wages and social security during the epidemic. If there is one thing that allows Cubans to hold our heads high in any international forum addressing the problems of our peoples.