A Cuba Initiative

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Much of the talk among Habaneros gathered over the domino table or waving animated gestures in the crowded bodegas centers around worried speculation of a “new special period.” The painful memories of the first “special period”— experienced in Cuba from 1991 to 1995 following the collapse of the former Soviet Union, which led to the collapse of the Cuban economy— still haunts the minds of many. Those were times when the lack of Soviet oil caused transportation disruption, power outages and food shortages which led to near-starvation. Some Cubans drank sugar water to fill their empty stomachs. Though President Raúl Castro and the Communist Party vehemently deny the possibility, fear now of a new “special period” in Cuba is real. The Republic of Cuba is…




Unbiased reporting on economic news and business developments in Cuba by industry sector


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