Archivo de Economy and Business
Archivo Economy and Business
An interesting and significant transformation process, identified as updating of the economic model, has started in all sectors of the Cuban economy, with significant implications for social and political aspects of the nation. These changes have been reflected in the … Continued
The centralization of retail by the state and lack of supplies with decent quality / quantity standards that were able to cope with the national consumer’s demands allowed the consolidation and the rapid growth of a buy-sell option that made easier for any citizen, although he would usually do it, to become seller or buyer as needed.
“Since 2008, the Cuban economy is stagnant. In 2011 GDP growth was 2.7%, below the average for Latin America and the Caribbean (4.3%). Official growth forecast for 2012-2015 was revised downwards from 5.1% to 4.4%. The main objective of the … Continued
Since the easing up on the regulations for self-employment at the end of 2010 in Cuba, the number of self-employed workers registered a sharp increase: from just over 150,000 to nearly 400,000, according information made available in November 2012. However … Continued
Reinaldo Funes Monzote spent all Saturday March 30 at Boyeros, retracing the Agroindustrial International Food Fair, which everyone has baptized, shortened as Agricultural Fair. It’s his job. He doesn’t raise cows or saddles horses, or drives herds. He moves around … Continued
When the new Council of State was elected on Feb. 24, 2013 for the next five years, along with the five presidents and the first vice president of the Councils of State and Ministers, it was evident that this generational … Continued
Far is already that day in November 1492 when Spaniard Rodrigo de Xerez and converted Jew Luis de Torres saw Cuban aboriginals smoking "dry leaves which gave off a peculiar fragrance."
The Cuban sugar industry production is expected to grow some 20 percent by the end of the harvest underway with industrial performance and availability of cane above expectations so far, industry sources said.
For Cuba, 2012 brought the massive implementation of a package of revolutionary measures that are part of what is known as the “updating of the economic model,” promoted by President Raúl Castro in pursuit of efficiency, sustainability and prosperity for the country’s social and political system.
Ilustration by Alfredo Martirena The Cuban Telecommunications Company (Etecsa) reduced cell phone rates some 22% in domestic calls, which from now is 35 cents per minute CUC (1 CUC = 1 USD at the official rate) from 7 am to 11 pm and will apply it to all modalities: prepaid, postpaid and collect calls between phones.