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 »
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 »
The new rules that Cuba has established as part of its “Prioritization” effort are designed to make a serious and positive impact on the Cuban investments process. However, any contemplated investment must be viewed in light of the events of 2020 that will con... More »
Juan Triana Cordoví, is a senior professor at the Center for the Study of the Cuban Economy, University of Havana. He spoke with us on the eve before voters in Georgia headed to the polls in crucial Senate runoffs in the United States. In this interview, Mr. T... More »
In a major policy shift to lure more foreign direct investment and improve its economy, Cuba announced that it will allow foreign entities to retain a majority share in their investments on the island. Until now Cuba maintained a majority stake in all foreign ... More »
The new economic strategy to begin on January 1 foresees the strengthening of foreign and national investment in the main economic sectors. In presentations to the press, Rodrigo Malmierca, Minister of Foreign Trade and Foreign Investment, expressed the condit... 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 »
In the midst of the pandemic that seriously affects the North American economy, the U.S. government has restricted the profits of Western Union by blocking remittances to Cuba. Since September 2019, the U.S. has applied provisions to hinder the flow of remitta... More »
Cuba reported on Thursday that the island has experienced losses of $5.6 billion in one year because of the economic, commercial and financial blockade enforced by the Trump administration. The Minister of Foreign Affairs Bruno Rodríguez Parrilla said the incr... 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 »
