Tag: Cuba economy

• Sunday, February 6th 2022 - 19:32 UTC

  Cuban official says ok to withhold surplus earnings of foreign company workers

  

  Cuba's Foreign Trade Minister Rodrigo Malmierca has said in an interview with local current news magazine Bohemia last week that he saw a contradiction in workers of global companies earning more than those who did the same job for the local State.

• Thursday, June 6th 2019 - 09:55 UTC

  Trump administration clamps down on US tourist visits to Cuba: cruise industry in shock

  

  The Trump administration clamped down on US tourist visits to Cuba on Tuesday, aiming to cut the flow of dollars to a country that Washington accuses of helping prop up Venezuelan President Nicolas Maduro.

• Tuesday, May 28th 2019 - 09:47 UTC

  Rationing, long queues and empty shelves in Cuba as the economy heads to recession

  

  As long lines outside shops with mostly bare shelves are increasingly common in Cuba, and the government has indeed signaled that things are going from bad to worse, Havana is blasting president Donald Trump's administration for the hardship and misery.

• Wednesday, June 20th 2018 - 08:50 UTC

  Cuba actively promotes foreign investment to prop the economy

  

  The Cuban government opened on Monday the 3rd Edition of International Convention and Exhibition of Cuban Industry (CubaIndustria 2018), seeking to attract foreign investors to revitalize the country's economy.

• Tuesday, December 15th 2015 - 07:41 UTC

  Moody's raises Cuba's rating to positive as it moves away from Venezuela dependence and is closer to US

  

  International ratings agency Moody’s Investors Service has moved Cuba’s economic from stable to positive, citing its lessening dependence on Venezuela and the possibility of more improved relations with the United States.

• Wednesday, November 5th 2014 - 07:20 UTC

  Cuba is asking for 8 billion dollars in investment from private corporations

  

  Cuba asked international companies on Monday to invest more than 8 billion dollars in the island as it attempts to kick-start a centrally planned economy starved for cash and hamstrung by inefficiency.

• Thursday, September 20th 2012 - 23:30 UTC

  Cuba prepares for the annual UN General Assembly round clash with the US

  

  Both the United States and Cuba would benefit if Washington would lift its longstanding trade embargo against the island, but US President Barack Obama has toughened the sanctions since taking office in 2009, a top Cuban official said.