Archivo de Economy and Business

Archivo Economy and Business

Migration Law Creates Expectations in Many

The coming into force today of the updated migration law in Cuba has created different expectations inside and outside the country, where divergent forecasts range from the uncontrolled exodus, to even those who think a massive return of migrants will begin. In essence, the legal body simplifies the hitherto cumbersome for nationals traveling abroad, in addition to removing the term "final exit."

Por en Economy and Business, Reports

The inadequacies of wages and incomes in Cuba

The recurrent theme of wages and incomes in any analysis of the daily life of the Cuban people demands a deeper analysis on the complicated reality of what is necessary and possible: increasing wages and income must correspond to the growth in production.  

Por en Economy and Business, Reports

Vidatox effectiveness against cancer: the debate

 The expectations for the cure of cancer through the use of Cuban medicine Vidatox 30 CH (venom extracted from the Junceus Rhopalurus scorpion), are questioned by members of the Cuban scientific community, which consider it is only a complementary homeopathic product.

Por en Economy and Business, Reports

The Cuban tax system is changing

Cubans are just now becoming aware of the establishment of a new system for taxing personal income and new private and cooperative activities, because until now the vast state economy was practically the only source of finances for national funds used to cover public spending. Average Cubans had hardly any tax obligations, limited solely to small sums for possession of vehicles or boats, processing of documents, non-wage income, certain incipient commercial and service activities, airport fees, tolls and others.

Por en Economy and Business, Reports

Will Cuban sugar industry rise again?

The industry that once led Cuba’s economy, sugar, is back with a goal: to recover its position at the top. For centuries sugar has been the power horse of Cuban economy and a key element in the Cuban identity. However, this year the harvest, which began on the Matanzas Jesus Rabbi mill, has different shades that bring hope of a potential recovery of that industry. First, the Cuban sugar industry has just opened to foreign investment for the first time in over half a century, with the arrival of the Brazilian Works and Infrastructure Company (IOC).

Por en Economy and Business

Sandy devastates housing in eastern region

“The woodcutter” is how people are referring to Hurricane Sandy since it swept across the eastern region of the country, from south to north, resulting in 11 deaths and damaging or destroying the homes of tens of thousands of people. Landscaping that was not designed for the city, the poor state of 43 percent of housing, and numerous homes with light roofs were “fodder” for the hurricane’s 110 mph winds in Santiago de Cuba, the country’s second-largest city.

Por en Economy and Business, Reports

New Cuban Migration Policy

I think that the Cuban government made a wise and necessary decision, in today’s economic conditions in our country, by approving Decree-Law No. 302, which modifies Law No. 1312, the “migration law” of Sept. 20, 1976.

Por en Economy and Business, Reports

New policy for renting retail space in Habana Vieja

Photos: Darío Leyva The government’s new policy for promoting small private businesses island-wide has triggered an avalanche of initiatives. Many people have fixed up their homes to coexist with their own businesses. Doorways, terraces, garages and even interior rooms are being converted daily into retail spaces that have become the mainstays of some families’ finances, to a good extent. However, many of these businesses have failed for lack of a strategically-placed locale.

Por en Economy and Business, Reports

The transformation of Havana Bay

Photos: Jorge Laserna Havana is a city inevitably linked to its bay, the center of its economic, political and social life during the colonial period and well into the republican period. You could say that the bay helped form the extroverted, hospitable and boisterous nature of Havana’s residents.  Since the 1990s, however,  both the Bay of Havana and the city are undergoing real transformations.

Por en Economy and Business, Reports

Mariel is the Key to the Gulf, the Caribbean and America

Centuries ago, when voyagers and geographers ventured to name the island of Cuba the “Key to the Gulf of Mexico”, they never imagined the role that the Bay of Mariel would come to play in the 21st century to justify that designation. Located 28 miles east of Havana, the Port of Mariel is expected to become the most modern and important industrial port in the country and in the Caribbean region.

Por en Economy and Business, Reports

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