Articles of Economy

News »

The Canadian company Blue Diamond Resorts will manage the oldest hotel in Cuba

Hotel-Inglaterra-

The Canadian company Blue Diamond Resorts reported this Saturday that it will expand its presence in Cuba and will manage the Hotel Inglaterra, the oldest in the largest of the Antilles, located in Havana. As of November, Blue Diamond will begin to manage this facility, located a few meters from the National Capitol, the Alicia Alonso Grand Theater of Havana and the Paseo del Prado. The Director of Communication of Blue Diamond in Cuba, Miguel García, showed his satisfaction for the task this Saturday. In this regard, he commented that the Inglaterra was inaugurated on December 23, 1875-

News »

Harmonizing the economy: Queues in Cuba. Solutions?

cuadrando-la-caja-de-las-colas-768x576

Dra. C. Marxlenin Pérez Valdés: With regard to this Candid Voltarian, who has sent us today the story of our Guru from Jatibónico, we are going to be talking because, without a doubt, resellers, coleros, are one of the additional annoyances to the problem of the queues and many have been the criteria, comments, suggestions that have been sent to us through our networks. Today for elemental reasons of time, in our program we cannot cover everything, but we do want to bring you specifically one of the complaints that we have received.

News »

Export as agile as possible?: The experience of Dofleini Software, the first official Cuban MSME

dofleini-software_01-580x330

When in 2021 Dofleini Software became the first official Cuban MSME, its managers had the expectation of increasing the exports that they began under the umbrella of self-employment. Today, although every month they report sales and have accessed the Canadian, English, Spanish markets and “sometimes someone else joins in”, the aim is to make the process “as agile as possible”, without unnecessary mediators. This project, which offers the “specialized software development service in different areas”.

News »

Announcement of new measures for Foreign Trade and internal wholesale and retail trade

medidas-economicas-2022-cuba-portada-

Betsy Díaz Velázquez, Minister of Domestic Trade, and Ana Teresita González Fraga, First Deputy Minister of Foreign Trade, appeared this Monday at the Round Table to report on new economic measures that are part of those announced by Deputy Prime Minister Alejandro Gil in the recent session of the National Assembly of People’s Power. At the beginning of the television space, the First Deputy Minister of Foreign Trade, Ana Teresita González Fraga, stressed that the announced measures.

News »

An equation for the Cuban economy

Canel economistas

This meeting has made a contribution; we had already analyzed in some depth the issues you raised, but now, with your input, they are more clear, stated Miguel Díaz-Canel Bermúdez, First Secretary of the Communist Party of Cuba, discussing the current state of the Cuban economy with specialists and students of Economic Sciences, yesterday August 4. The problems raised were identified in the Central Report to the 8th Party Congress and in the closing speech, and you have confirmed them and are supporting us, reiterated the President.

News »

Micro, small and medium-sized businesses in Cuba: A smooth start

pequeñas empresas

The creation in Cuba of micro, small and medium-size businesses (MSMEs), as part of the overhauling of the economic actors has risen an intensive debate and a lot of expectations, especially in the non-state sector. As it has was recently reported by Deputy Prime Minister and Minister of Economy and Planning (MEP) Alejandro Gil Fernández on Cuban television’s Mesa Redonda program, they are currently working at an accelerated pace in the norms that will rule the organization and functioning of these companies dedicated to the production of goods and services.

News »

Cuba thanks Russia for humanitarian aid

rusia donacion

July 25, two An-124 aircraft landed at Havana’s José Martí International Airport, carrying 88 tons of food and a million medical facemasks, as part of a donation from the Russian Federation. Party Political Bureau member and Foreign Minister Bruno Rodriguez Parrilla posted a tweet thanking Russia for a humanitarian donation that arrived in Cuba aboard two aircraft July 25.

News »

Hatred cannot take possession of the Cuban soul, which is one of goodness

canel mesa redonda

President Diaz-Canel again addresses the nation on Cuban television, calling for peace and tranquility, respect and solidarity among compatriots and others around the world, saving Cuba to continue building and dreaming. Communist Party of Cuba First Secretary and President of the Republic, Miguel Díaz-Canel, appeared on Cuban television, yesterday evening, and stated, “Peace and citizen tranquility, respect and solidarity among compatriots and others in need around the world, saving Cuba to continue building, growing, dreaming and achieving the greatest possible prosperity. This is our message to our people.”

News »

Cuban FM condemns use of unconventional ways to overthrow governments

bruno

Cuba´s Foreign Minister Bruno Rodriguez on Wednesday denounced the interference in the internal affairs of States and the use of non-conventional methods to overthrow governments before a conference of the Non-Aligned Movement. On speaking online at the Ministerial NAM Conference, the foreign minister warned of the threats and actions in violation of international law undertaken with the purpose of ending the sovereignty of territories. The diplomat condemned the use of force and the escalation of unilateral coercive measures applied to nations.

News »

Questions and answers on the suspension of U.S. dollar cash deposits

CUba Banco Dolar

The fierce financial persecution Cuba suffers as a result of the U.S. economic, commercial and financial blockade led to the decision by the Central Bank of Cuba (BCC) to announce the temporary suspension of cash deposits of U.S. dollars in the country’s bank branches. In view of the obstacles created by interventionistU.S. policy toour national banking system’s ability to deposit abroad the cash in U.S. dollars collected on the island.