Four new entities get the go-ahead to conduct foreign trade for the private sector, confirmed by a recently published modification to the regulations published in Cuba’s Official Gazette No. 22, 2021. The new organizations include the Film Industry Institute (... More »
Since Day Zero of the new economy of Cuba, January 1, more than 126,938 Cubans have applied for jobs as Cuba reorders its economy. Marta Marta Elena Feito Cabrera, Cuba’s Minister of the Ministry of Labor and Social Security published the new statistics of job... More »
On February 6, Cuba’s Council of Ministers approved the expansion of the list of allowable types of private sector jobs from 127 to over 2,000 activities. The move will provide a needed boost to the slumping economy and create an increase in employment statist... More »
In a move to stimulate the economy and create employment, Cuba has announced the expansion of the small business sector from 127 to 2,000 types of activities. Only 124 of them have been limited, either totally or partially revised. The move will benefit more t... More »
Imports and exports are on the increase in Cuba. By mid-January, 4,450 private entities had approached exporting and importing companies, almost 50% of these have shown the intent to establish some type of operation. Over the four months since the regulations ... More »
Cuba’s Gross Domestic Product (GDP) contracted by 11% in 2020 due to the COVID-19 pandemic and hardening of U.S. sanctions by the Trump administration but new growth is forecast in the upcoming year, Deputy Prime Minister Alejandro Gil told a session of Cuban ... More »
The Paris Club, a financial organization consisting of officials from 22 developed creditor countries, has reached an agreement for a moratorium on Cuban debt payment this year. The decision was questioned by the US administration which is attempting to cut of... More »
Cuban President Miguel Diaz-Canel and Prime Minister Manuel Marrero Cruz recently spoke to the audience on Mesa Redonda to explain the steps needed to alleviate the effects of the pandemic. The actions to be taken in the near future will be known as the “new n... More »
Just two and a half months after Cuba implemented its economic strategy for dealing with the effects of the COVID-19 pandemic, its import/export entities have received more than 1,000 business solicitations. More than 40 contracts have been signed, and the fir... More »
A few days before the release of Cuba’s new economic strategy to deal with the situation created by the COVID-19 pandemic, the first results of Resolution 315 to facilitate export and import services to the “non-state management” were in place. In total, nine ... More »
The effects of the COVID-19 pandemic on the world economy have been devastating and Cuba is no exception. The country has one surprising and significant advantage though: more than 60 years of experience dealing the challenges of an economy crippled by brutal ... More »
Cuba is moving forward in its efforts to increase production by expediting the import process for private producers and facilitating their exports. Resolution 315, recently passed by the Cuban government is designed to put private and state enterprises on an e... More »
