Articles of Prices

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European Commission announces more sanctions against Russia, including an oil price cap

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The European Commission proposed on Wednesday the eighth package of sanctions against Russia, which includes a cap on Russian oil, new import bans on Russian products and a ban on EU citizens from holding positions as senior executives in companies. public of the Eurasian country. The new import bans on Russian goods, according to European Commission President Ursula von der Leyen, will deprive Moscow of an additional €7 billion ($6.7 billion) in revenue.

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Another formula to sweeten the bitter taste of coffee

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Its defenders maintain that there is nothing sweeter than bitter coffee. With the substantial increase in purchase price, it certainly tastes sweeter to growers. The ones who really find it bitter are the processing companies, since this measure has generated losses, which they will have to compensate for in an unusual way. In the Artemiseña company located in Bahía Honda, they also make charcoal, collect palm kernels, sell yaguas, rice, mameyes… to improve their income.

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How was the beginning of the sale of foreign currency in three Havana cadecas?

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This Tuesday, August 23, the sale of foreign currency began in 37 cadecas throughout the country, as part of the implementation of the foreign exchange market. At the Round Table on Monday 22, the Vice Prime Minister and Minister of Economy and Planning, Alejandro Gil Fernández, and the Minister President of the Central Bank of Cuba, Marta Sabina Wilson González, explained the operation of this exchange mechanism that complements the purchase of currencies, initiated on August 4.

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Liquidity of liquid

ACUEDUCTO

In the midst of a tidal wave of rate increases in Cuba, the Higher Organization for Business Management (OSDE) for Water and Sanitation announces new rates for hydraulic and sewerage services. Although it exceeds the multiplication table used for other products, an increase of 700 percent for drinking liquid, historically almost given away the service, continues to be laughable: the bills will reach between just 1.75 and 21 pesos per month per inhabitant, no more .

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How do price distortions affect domestic commerce today?

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How many times have we questioned why the same product has different prices in the market? An example would suffice to illustrate this. For this reason, unification, although definitely no magic wand in appearance or behavior, should contribute to homogenizing current methods of price formation and eliminating distortions that affect both internal and external commerce, and the enterprise system.

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New measures to gradually increase Cuban’s purchasing power

mdidas precios tiendas

In line with information published on April 22 and May 3 and continuation of measures to gradually increase Cubans’ purchasing power, the following measures will be implemented beginning today, May 17, 2016:
Price reductions on the following products sold in Cuban Convertible Pesos (CUC)