Social protection, particularly for the most vulnerable sectors, is currently a priority of the monetary overhaul in Cuba despite the removal of undue gratuitousness and excessive subsidies.
Monetary and exchange order in Cuba: no one will be left behind
Marino Murillo, head of the Commission for the Implementation and Development of the Guidelines, reaffirmed today that with the monetary and exchange order process started this month in Cuba, no one will be left behind.
Havana authorities keep strict control on prices and regulations
In order to guarantee the quality in the implementation of the monetary re-ordering in the Cuban capital, the financial authorities deploy a policy of intransigence towards those who violate established prices and rules.
Cuba approves its two first High-Tech companies
The Center for Genetic Engineering and Biotechnology (CIGB) and the Biotechnology and Pharmaceutical Industry Enterprise (BIOCEN), were approved as the first two Cuban High Technology Enterprises.
Public transportation fares went up 2-5 times in Cuba, still partially subsidized
Prices of transportation services in Cuba were raised between two and five times approximately and are in line with the new costs and the age of some rates, said Minister Eduardo Rodriguez Davila.
Monetary order in Cuba after 72 hours of implementation
On January 1st, the monetary order began in Cuba and, 72 hours later, several measures have been implemented by the actors of the economy, along with the doubts and concerns expressed by the population.
US blockade against Cuba stops improvement of students and academicians
The economic, commercial and financial blockade imposed by the US government against Cuba hinders the exchange of knowledge of thousands of students and academics, denounced Monday the Cuban Ministry of Foreign Affairs (MINREX by its Spanish acronym).
Central province of Cuba to start refined sugar production in two of its main refineries
With the start up of the Quintin Banderas refinery in Quemado de Guines and the Chiquitico Fabregat refinery in Remedios, Villa Clara(central Cuba) will begin the production of white sugar in 2021, with a plan of about 113, 000 tons of the grain, a line of vital importance for the country's economy.
Government of Havana approves new prices for agricultural products
The government of Havana approved by resolution the new prices of agricultural products that are marketed in the capital by all forms of state and non-state management, in the context of the implementation of the process of monetary regulation in the country.
Monetary re-ordering kicks off in Cuba
As announced by the main Cuban authorities, the process of monetary re-ordering begins this Friday in Cuba, which includes the elimination of the monetary and exchange duality, the reform of salaries and pensions and the elimination of undue gratuitousness and excessive subsidies.
Nearly five million people will benefit from wage reform in Cuba
Nearly five million people will benefit directly from the wage reform in Cuba, informed Marta Elena Feitó Cabrera, Minister of Labor and Social Security.
Nearly 15K Cubans applied for jobs after wage reform announcement
Some 15 thousand people in Cuba have gone to the Labor offices to look for work, after the announcement of the wage reform in the country that will come into force starting January 1st.
Higher water bill is also part of the Ordering Task, Cuban minister says
HAVANA, Cuba, Dec 30 (ACN) The increase of prices in the water bill is also included in the Ordering Task, and it also intends to promote the saving of this vital resource, Meisi Bolaños, minister of finance and prices, pointed out on Tuesday when she addressed this issue at the Cuban TV program Mesa Redonda.
Cuba publishes resolution on marketing of agricultural products to tourism
In line with the process of monetary order in Cuba, the Ordinary Official Gazette number 90 published today Resolution 177, which establishes the rules for the commercialization of agricultural products among the hotel and gastronomic establishments of the tourist sector and the production units.
Cuba announces reduction of new electricity tariffs
In response to the concerns of the population, the Cuban government approved the reduction of the new electricity tariff, to be applied since the beginning of the monetary regulation process in January 2021.







