Articles of Economy

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Trinidad, the place to experience Cuba’s diversity

Trinidad

Trinidad boasts four of the six principal tourist destinations in the province of Sancti Spíritus, in the center of the island. It is not only one of the best preserved colonial cities in the Caribbean, but also offers the beach at Ancón, one of the most popular on the southern coast of Cuba, as well as natural sites like Topes de Collantes and the Valle de los Ingenios, declared a World Heritage Site in 1988.

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Díaz-Canel leads working meeting with Government Councils and central state enterprise management

Diaz con Empresarios

Miguel Díaz-Canel, President of Cuba’s Councils of State and Ministers, led a working meeting yesterday with government authorities and central state enterprise management. Analysis of projections for the economy over the rest of the year and directives to guide 2019 planning were addressed during the meeting, also attended by José Ramón Machado Ventura, second secretary of the Party.

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Venezuela’s monetary reconversion to dismantle neoliberal capitalism

Nicolas Maduro

The process of monetary reconversion in Venezuela is now a reality. Being implemented gradually as the Economic Cabinet adjusted details related to its entrance into effect, it will lay the basis for the Economic Recovery, Growth, and Prosperity Program that will dismantle the neoliberal capitalism which some have hoped to impose on the country. The

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U.S. recognizes negative impact of its policy toward Cuba

viajes EEUU

Both the negative impact of staff reductions at the U.S. embassy in Cuba, as well as the harshness of its warning on travel to the country, were acknowledged recently in Washington, leading to a memorandum from the Congressional Research Service, in the first case, and a new travel warning category established by the State Department.

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A successful summer, but with room for improvement

Di8az reunion verano

Cuban President Miguel Díaz-Canel Bermúdez recognized the work done by provincial governments, institutions, and Central State Administration to offer the population a varied recreational program this summer, noting the higher levels of satisfaction expressed by citizens, as compared to previous years, while noting the persistence of some problems.

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Private Property, Investment Crown Debates on New Cuban Constitution

ariel-valdes

One of the main modifications introduced by the project of the new Cuban Constitution is the recognition of private property and foreign investment, expressed here today commercial specialist of Hotel Copacabana, Ariel Valdes. In a dialogue with Prensa Latina, the young man said the possibility that persons residing inside and out of the island are allowed to invest, should be considered.

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New Constitutional reflects economic updates

Discute pueblo Constitución

Since the beginning of the constitutional reform process, much has been written about the reasons change is needed, and foremost among these is the need to adjust the country’s fundamental law to our current reality, especially the transformations underway as the Policy Guidelines from the Seventh Party Congress are implemented, in accordance with strategic projections outlined in the Conceptualization of our economic model.

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2017 State Budget settlement report

Lina Pedraza Cuba

The state budget touches all Cubans: when we go to school at any level; when we visit the doctor, regardless of the severity of our health problem; when we retire and receive social security benefits; and, of course, when we pay taxes and fees.

Presented here is information from the settlement report approved by deputies to the National Assembly of People’s Power Ninth Legislature, during its first period of ordinary sessions as part of the accountability process regarding the use of the people’s resources as established in Law 122.

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Hydraulic Capacity of Eastern Cuba Increases

presas-oriente-cuba

The hydraulic capacity of eastern Cuba improves its prospects today, taking into account the most recent reports that place a note of optimism in this regard. A report from the Cuban News Agency points out this weekend that in the eastern Cuban province of Camagüey, water reservoirs reach 90 percent of their total capacity.

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New Markets Open Up to Promote Tourism in Cuba

Merca-Hostal

With the opening of new markets to promote tourism, the different private businesses in Cuba today increase their possibilities, according to official reports. A report on the initiative called Merca-Hostales points to two new establishments for these purposes, particularly for people who operate cheap hotels and need to make certain purchases for their proper functioning.