Japan has donated 84 buses for public transportation in Havana. Katia Monzon, the Economic-Commercial Counselor of Cuba in Japan, and Takuma Momoi, of the Japan International Cooperation System (JICS), met to review the execution of the donation of non-refunda... More »
Over 1,900 contracts have been signed by non-state sector and state-owned import/export companies since the regulations supporting these activities came into force last summer. In August 2020, these regulations were approved to expand foreign trade opportuniti... More »
At the conclusion of the 8th Congress of the Cuban Communist Party (PPC) (April 16 – 19), Cuba’s government defined the economic priorities for the next five years. The Update of the Economic and Social Policy Guidelines for 2021-2026 document outlines the dir... More »
The Cuban Communist party (PCC) meets for its 8th congress, which starts today and runs until April 19. The economy and future is upfront on the agenda. The PCC Congress will include evaluating core issues for the present and future of Cuba, updating the imple... More »
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 »
