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April Saturday

Cuba’s Economy Minister Alejandro Gil Fernandez highlighted on Twitter the treatment to be given by the Central Bank of Cuba to all accounts in Cuban Convertible Pesos (CUC) of individuals and is part of the implementation of the re-ordering task, which has been in place in the country since January 1.

Under strict health protocols, the Cubanacán Group's E Hotels in the Cuban city of Camaguey resumed their operations to accommodate tourists from the international market, after the interruption of their services due to the COVID-19.

Many Japanese companies are very interested in investing in Cuba and we hope the next U.S. administration will further increase our relations, assured Naoki Yokobayashi, charge d'affaires of the Japanese embassy to the Caribbean island.

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.

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.

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.

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.

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