Articles of Economy

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Ricardo Cabrisas in Moscow

cabrisas M oscú

Yesterday, October 19, Ricardo Cabrisas Ruiz, a Council of Ministers vice president and co-president of the Cuban delegation to the Cuba-Russia Intergovernmental Commission began a visit in Moscow with a meeting with Sergei Glazyev, advisor to the President of the Russian Federation on topics relating to Eurasian integration, during which the two officials discussed the possibility of Cuba joining the Eurasian Economic Union as an observer nation.

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More effective programs, more efficient use of resources

Produccion y recursos Machado V

The importance of speeding up implementation of current and future programs was a recurring theme in comments made by José Ramón Machado Ventura, second secretary of the Communist Party of Cuba and a Council of Ministers vice president, during his tour of agricultural sites in the municipalities of Cueto, Mayarí and Banes, in the eastern province of Holguín.

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U.S. Secretary of Commerce visits Port of Mariel

Penny-comercio EEUU-mariel

U.S. Secretary of Commerce Penny Pritzker arrived in Havana yesterday and toured the Mariel container terminal and new facilities there, including warehouses and logistical support. Pritzker was interested in port conditions, the type of equipment used and services available, according to Ana Teresa Igarza, director of the Mariel Special Development Zone (ZEDM), who spoke with the press.

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Toward the development of ecological practices

agricultura

Those who work at the Vi lla Alicia farm, located on kilometer 3.5 of Güira de Me lena, in the Pedro Díaz community, know that turning a farm into a space to develop ecological agricultural practices isn’t achieved in just one day. Nonetheless, they recently decided to head out on this road. Since the end of the 1950s, these lands have been worked by different generations of the same family, establishing farming as a deeply rooted tradition among its members.

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Cuban and U.S. banks sign agreement

stonegate  bank

Cuba’s International Commerce Bank and the U.S. Stonegate Bank reached the first important financial accord to be signed since the reestablishment of diplomatic relations between the two countries July 20. Established was an understanding on correspondence, a standard practice between banks to facilitate transactions. Sources noted that, in this specific case, existing restrictions imposed by the U.S. blockade must be taken into consideration.

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Ensuring sustainable economic and social progress

academyçia ciencias

Miguel Díaz-Canel Bermúdez presided over the opening ceremony of the 10th International Convention on the Environment and Development, being held in Havana’s Convention Center until July 10. While opulence and poverty coexist, while a minority holds the resources that hundreds of millions of people lack, there will be no genuinely viable options for progress, said Elba Rosa Pérez Montoya, Cuban minister of Science, Technology and Environment.

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Fidel visits Food Industry Research Institute

Fidel industria alimenticia quesos

On the afternoon of July 3, Fidel held a four-hour-long meeting with 19 master cheese makers from MINAL’s (Ministry of Food Industry) Food Industry Research Institute in the town of Guatao. During the encounter – where Fidel expressed his thoughts on problems affecting food production levels, such as climate change and wars – topics relating the former quality and quantity of cheese manufacturing in the country through the Special Period and the need recover said standards were discussed in depth.

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Cuban economy meets expectations for first half of 2015

consejo de miniostros

The country’s Gross Domestic Product grew slightly more than 4% in the first half of 2015, according to a report presented at a June 19 Council of Ministers meeting, by Marino Murillo Jorge, minister of Economy and Planning. The report included an evaluation of the economy’s performance during the first months of the year, and projections for the rest of 2015.

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Commerce and Credit Bank supports self-employed workers

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Cuba’s Commerce and Credit Bank(Bandec) has provided the greatest amount of financing for self-employed workers since the adoption of Cuba’s new credit policy in 2011, with more than 30 million pesos granted in the form of loans. However, beneficiaries represent barley 5% of the close to half a million self employed workers registered in the country, reported Idayvis Pernas, representative of Bandec’sbusiness department to AIN.

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U.S. agricultural coalition opposes trade and travel restrictions against Cuba

agricultura trade cuba

U.S. Agriculture Coalition for Cuba (USACC), an association composed of more than 90 U.S. agricultural companies and state and national organizations committed to normalizing exports of food and agricultural products to Cuba, sent a letter to the Senate’s Foreign Relations Committee expressing opposition to any attempt to restrict trade and travel to Cuba, and describing any such measures as detrimental to the nation’s agricultural industry and the future of Cuba-U.S. relations.