Financiera Cimex, S.A. (Fincimex) reported U.S. policy’s direct effects on the service of family remittances to Cuba.
Trip Advisor Places Cuban Beaches among the Best in the World
The Cuban beaches Cayo Santa Maria and Varadero are among the 25 best ones in the world, according to Trip Advisor.
New funds for agriculture and livestock production in Cuba
The Central Bank of Cuba and the Ministry of Finance and Prices will offer 1.8 billion pesos in 2021 to meet working capital and investment needs in selected companies whose output can have an impact on prioritized productions.
Cuban Gov't has no direct role in remittance receipts, Cuban official clarifies
The Cuban government has no direct role in the receipt of remittances, Yamil Hernandez Gonzalez, General Manager of Financiera Cimex, S.A. (FINCIMEX), explained to Cubadebate.
Cuba Rejects Fake News on Donation Sale
The Cuban Domestic Trade Minister (MINCIN) rejected rumors spread on social media about an alleged commercialization of cooking oil donated by friendly nations.
Cuba sets 9 specialized production centers for coffee production project
Elexis Legra Calderin, director of Coffee, Cocoa and Coconut of the Agroforestry Group, explained that nine specialized productive centers have been established in the country to develop the Coffee Production Project in the Plains.
Cuban Foreign Ministry denounces impact on remittances by U.S. bans
The Cuban Foreign Ministry denounced the negative impact of the prohibitions established in the United States for the regular and institutional sending of remittances to the Caribbean nation.
MSMEs Open their Way Through in Eastern Cuba
Authorities in eastern Holguin province are focused in the process that will set up micro, small and medium enterprises (MSMEs) as new economic actors recently approved to contribute to a better use of local reserves in the benefit of the country’s production of goods and services.
Cuban Non-State Sector Increases Foreign Trade Activity
The foreign trade activity of the local private sector continues to unfold through established state-owned import-export companies.
Direct Foreign Investment Shrinks in Latin America
A report by the Economic Commission for Latin America and the Caribbean –ECLAC—points at a freefall of direct foreign investment in the Latin American and Caribbean region last year marked by a sanitary, economic and social crisis caused by the COVID-19 pandemic
Cuba extends coffee production to the plains
Cuba needs to take coffee production to the lowlands to take advantage of the potential of the labor force and some soils, in order to increase harvests, especially those that can be destined for national consumption.
Cuban Ag Ministry sets app to sell products to farmers
The Logistics Business Group of the Ministry of Agriculture (Gelma) will begin to implement in September the payment through the EnZona app in its four shopping centers in Havana, an alternative that provides benefits to producers and facilitates management.
Cuba's Chamber of Commerce to support private workers
In line with the Cuban State's policy that non-state management forms (FGNE) have an active role in the country's development, the Chamber of Commerce of the Republic of Cuba (CCRC) is preparing to offer them promotion, information, training and advisory services.
Cuban Tourism, Hard Hit Economic Sector under US Sanctions
The US economic, commercial and financial blockade inflicted losses to Cuban tourism calculated at over 360 million dollars in the 2020-2021 period of time.
Cuban Postal services and Customs evaluate process of international shipments
Carlos Asencio Valerino, president of the Correos de Cuba Business Group, and Nelson Cordovés Reyes, head of the General Customs of the Republic, recently checked the progress of operational processes, processing and delivery of international postal packages.







