Non-state management forms in Cuba are making progress in the development of foreign trade activities, with 2,457 contracts signed with state enterprises to facilitate the export and import of goods and services.

The blockade imposed by the United States directly affects the textile factory, Eddio Teijeiro Textile Company (Bellotex), located in Matanzas(western Cuba)with limitations to import raw materials and spare parts, and increased costs due to the need to trade with intermediaries.

Cuban Economy Minister Alejandro Gil said that the island’s economy has developed amidst an exceptional scenario over the past four months of the year marked by the impact by the coronavirus and the strengthened US economic, commercial and financial blockade of the Cuban people.

The Sociedad Mercantil Cubana Casas de Cambio S.A. (CADECA), announced the suspension of the freely convertible currency (MLC) exchange services in offices located at international airports.

Cuba is taking part at the 41st Madrid International Tourism Fair in which the island’s delegation will exchange with tour operators and air line companies in the tourist market to reactivate Spanish tourism to Cuba.

Air Canada airlines said it expects to fly to Cuba and other sun-and-beach destinations in the Caribbean in summer.

Miguel Díaz-Canel, First Secretary of the Central Committee of the Communist Party of Cuba and President of the Republic, will participate in the meeting of the Supreme Eurasian Economic Council, to be held via videoconference on Friday, May 21, Cubaminrex reported today.

Cuban Credit and Commerce Bank (Bandec) has been providing outstanding services to the agricultural and livestock sector, and among the new flexibilizations made to the sector are the granting of loans to producers whose credit and production results are good, without guarantees.

One of the priorities of the Credit and Commerce Bank (Bandec) in Holguin, as part of its efforts to contribute to boost food production and the country's economic development, is to strengthen agriculture in all its sectors through financial incentives.

The Cuban people’s everyday life is under the effects of the US economic, commercial and financial blockade, strengthened in times of pandemic, Cuban Foreign Minister Bruno Rodriguez wrote on his Twitter account.

The former Ciego Montero ranch, now a district in the province of Cienfuegos and recognized as the main área for mineral water in Cuba, celebrates today its 282nd anniversary.

The flexible actions of the Bank of Credit and Commerce (BANDEC) for the benefit of agriculture and the monetary reform—Task Ordering—confirm the role that this entity of the global economy plays for the benefit of food production for Cubans.

In the period from April to December 2020 alone, the U.S. economic, commercial and financial blockade of Cuba caused an approximate loss of 18.1 million dollars in the construction sector.

Cuba presented this Tuesday its business opportunities at the Madrid Platform event, which brings together small and medium-sized companies from Europe and America.