For the year 2016, Cuba economic growth is forecast at two percent, a decrease from the 4.7 percent achieved in 2015. Although this represents a decline, 2% is still more than acceptable when compared to other emerging market and developing economies. The 20... More »
By MICHAEL WEISSENSTEIN Associated Press HAVANA — Cuba’s ruling Communist Party released a new set of economic guidelines Tuesday that emphasize the slow-moving and limited nature of the country’s reforms amid a sharp national economic downturn. The guidelines... More »
Entrepreneurs from 46 countries, most of which come from Europe, have been discussing with the Cuban Government investment projects totaling $4,300 million. Geographic location, the availability of important natural resources, numerous bilateral and multilater... More »
Cuba is reshuffling government posts in light of its current economic situation. Vice president of the Council of Ministers, Ricardo Cabrisas Ruiz, will take on the position as Minister of Economy and Planning. Mr. Cabrisas is to replace Vice-President Marin... More »
The inflow of hard currency through sectors such as the tourism and remittances form a significant part of revenues earned for the Cuban economy. Many developing nations with smaller economies depend on this type of revenue by virtue of their size. The impact ... More »
Cuban President Raul Castro spoke to members of Cuba’s National Assembly on Friday outlining factors affecting Cuba’s economic outlook for 2016. The GDP growth rate of 1% for the first half of the year, 50% of earlier government forecasts was due to a variety ... More »
Cuba’s Council of Ministers, headed by President Raúl Castro Ruz met yesterday, to discuss a report on economic performance authored by Marino Murillo Jorge, Minister of Economy and Planning. The Minister’s report presented an analysis on economic performance ... More »
A new study released by the BCG Perspectives takes a look at the evolving Cuban consumer. Over a period of several months BCG Perspectives evaluated both the consumer in Cuba and the overall economic prospects for the American investor. Not only is the Americ... More »
Maria Contreras-Sweet, the Administrator of Small Business Administration in the United States completed an official visit to Havana on Tuesday. Her official visit to Cuba ran from June 20 to June 21. Ms. Contreras-Sweet’s trip was to discuss entrepreneurship ... More »
Representatives from the economic and social sectors of Cuba will take part in the 7th Congress of the Cuban Communist Party (PCC) which starts tomorrow (April 16) in Havana. On the agenda at the 7th Congress are discussions of Cuba’s economy and future direct... More »
Each year the Cuban government publishes a portfolio of Foreign Investment Opportunities in Cuba. The investment portfolio is available online and published annually by the Cuban Ministry of Foreign Commerce and Investment. The latest edition of the Portfoli... More »
Update on the Cuban economy – fiscal deficit 2015 article first published in Prensa Latina. Trends in the Cuban economy. Cuba’s Gross Domestic Product grew 4 percent in 2015, compared to growth in 2014. This year will see a fiscal deficit of 5.7 percent. T... More »
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