It’s official: Squeezed by sanctions, pandemic, Cuba finally opens up economy
Cuba is undergoing a paradigm shift: after decades of tight, centralized control, the communist government is opening up the bulk of its economy to the private sector.
It’s official: Cuban Government Allows Private Initiative
The Cuban government will allow small private businesses to operate in most fields, eliminating its limited list of activities.
It’s official: Experts provide clues on Biden’s new policy on Cuba
U.S. President Joe Biden had yet to make any announcements about his policy on Cuba but experts said that although there will be changes on the old administration’s approach, the supporters of the U.S. embargo should not fret.
World Bank forecasts growth of 3.7% of Latin American GDP in 2021
The World Bank said that it expects an economic expansion of 3.7% in Latin America and the Caribbean this year, improving on its previous forecast of 2.8% growth for the region, which has been hit hard by the coronavirus pandemic.
Empresa Comercial Caracol S.A. Renews its Image in Varadero
Under the premise of customer satisfaction, Tiendas Caracol specializes in the retail marketing of merchandise with a differentiated, exclusive and quality offer of Imagen Cuba and Souvenir products.
Suspended the Havana International Fair, FIHAV 2020
The Organizing Committee of the Havana International Fair (FIHAV) reports that, as a consequence of the current international epidemiological situation it has been decided to suspend FIHAV 2020 and hold the XXXVIII edition of the Fair in November from 2021.
Point of View: Cuba: non-residents can create accounts to buy in dollar stores
The Central Bank of Cuba (BCC) issued a resolution that allows the island’s non-residents to open bank accounts in U.S. dollars, to buy in stores created by the government since last October that sell products in this currency.
Point of View: Cuban entrepreneurs reinvent themselves to survive the pandemic
If opening and maintaining a private business was already difficult in Cuba, the COVID-19 epidemic now places new obstacles for Cuban entrepreneurs, forced to reinvent themselves to survive an unprecedented crisis from which, despite everything, they could emerge stronger.
It’s official: Wall Street Warns of Caribbean Debt Crises
The Caribbean countries of Barbados, Belize and the Bahamas, among the preferred playgrounds for the world’s wealthiest bankers, may soon become known instead for Wall Street’s dark side: Debt crises.
Point of View: Cuban economy in the face of COVID-19
Economic forecasts have become outdated in a matter of two months. The modification of the scenario has been so abrupt that international organizations and specialized entities only now begin to modify their forecasts. All forecasts should be taken with caution, because the uncertainty is very high.
