The egg shortage in Cuba, a problem that citizens sensed but which had rarely been addressed transparently by authorities, has finally been confirmed. The Poultry Company of Sancti Spíritus has admitted that egg production in the province has come to a complete halt due to serious issues with feeding the birds. Aliesky Guevara Molina, the…
In response to the growing fuel shortage and distribution challenges, the Cuban government has implemented a direct fuel delivery system for tobacco producers in Pinar del Río to prevent diversion and ensure efficient supply. By using tanker trucks equipped with GPS technology and mobile point-of-sale (POS) systems, the state-owned company Tabacuba guarantees that fuel will…
In late October 2024, retired journalist Manuel David Orrio stirred up controversy on social media by highlighting a comparison that underscores public investment priorities in Cuba. According to Orrio, the budget allocated for constructing the K Tower hotel in Havana, financed entirely with Cuban capital, could have covered a significant portion of the national electricity…
Cuba’s Ministry of Finance and Prices (MFP) recently published Official Gazette No. 102 of 2024, which includes Resolution 313/2024. This regulation establishes an increase in the reference value used to assess properties and calculate taxes on real estate transactions. According to the MFP, the measure aims to “correct distortions and boost the economy,” as well…
Cuban experts have identified 21 zones across the island nation with favorable conditions for installing wind farms. This revelation comes after decades of energy struggles and frequent power outages, highlighting the untapped potential of renewable energy sources in Cuba. The majority of these suitable areas are located along the north-central and eastern coasts of the…
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…