Remittances from Cuban exiles in the United States to family members still living on the island nation plummeted in 2023 to their lowest levels in over a decade, according to a new report from the Miami-based think tank Cuba Siglo 21. Rather than sending money back to Cuba, the exile community focused their funds on…
The Cuban government, under President Miguel Díaz-Canel, has announced its readiness to start exporting ‘plátano burro’ (a type of plantain) to the Canadian market. This development was shared on social media by the Ministry of Foreign Trade and Foreign Investment (MINCEX), highlighting the role of the Agro-Industrial Company Las Tunas (AGROINT) in spearheading this initiative….
Cuba is going through the worst economic crisis in the last few decades, with soaring inflation that is crushing the purchasing power of salaries. There is chronic shortage of food, medicines, and other basic products. Added to this is the COVID-19 pandemic and the tightening of the United States embargo. In light of this complex…
The beginning of 2024 marks a new chapter for ETECSA, Cuba’s primary telecommunications company, as it introduces an exciting promotion that’s capturing the attention of its customers in Cuba. This special offer, titled “Quintuple Your Recharge + Unlimited Internet,” aims to significantly enhance the value of international recharges for users within the country. Comprehensive Promotion…
In a significant move to bolster its economy in the upcoming year, the Cuban government has unveiled a series of new economic measures. These initiatives, as outlined by Prime Minister Manuel Marrero Cruz, are diverse and aim to address various aspects of the country’s economic framework. Focusing on Economic Actors and Remittances A key focus…
In a sign of growing economic ties, major Russian retailer RusMarket has announced plans to open its first store in Cuba by the end of 2023. The new store will mark the company’s first foray into the Cuban market and aims to provide Cuban consumers with access to a wide range of Russian products that…
Miami has witnessed the closing of a significant chapter in its tech industry history. Manny Medina, hailed as a legendary entrepreneur in the tech realm, has parted with Cyxtera Technologies, a company he founded and nurtured to success. The sale, culminating after protracted negotiations and under the shadow of a Chapter 11 filing, was to…
For those eagerly anticipating the newest recharge options for Cuba, you’ve hit the mark. Immerse yourself in the latest offers and promotions from the island’s sole telephone operator. Etecsa, the Cuban telecommunications giant, has announced its forthcoming international recharge promotion running from November 6 to November 12, 2023. Let’s delve into what’s in store for…
Sending remittances to Cuba? If you’re like most, you prioritize both speed and reliability to ensure your money reaches its destination as anticipated. Of course, customer support is equally essential. About Tocopay: What do you need to know? Tocopay emerged on November 16, 2021, as a replacement for aisremesascuba.com which mysteriously went offline. Tocopay offers…
Cuba has a vast potential to harness solar energy. Yet, instead of tapping into this renewable resource, the nation has largely looked the other way. The country’s reluctance to invest in solar infrastructure means a huge energy opportunity is being squandered. The Struggle with Solar Implementation In over a year, it wasn’t until Copextel started…
In a surprising turn of events, the Cuban government has been making purchases of sugar in the United States, despite its historic enmity with the North American country. The Island of Cuba was once famous in the world for its sugar production, but today the situation has changed dramatically. The production of sugar on the…
Finauto International, the official dealer of Kia Motors in Cuba, marks a new era in the Cuban automotive industry with the arrival of electric cars from China. These vehicles, aimed at the country’s flourishing private sector, offer a range of prices fluctuating between 9,000 and approximately 12,000 euros. Luis Carlos Góngora Domínguez, Vice President of…