Archivo de Economy and Business
Archivo Economy and Business
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.
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."
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.
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.
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.
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).
“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.