Agencies of the Central State Administration began the drafting process of the Report on the effects of the economic, commercial and financial blockade imposed by the United States against Cuba, between March 2023 and February 2024.
Cuba attends important travel fair in India
With the aim of presenting the Cuba Única campaign and meeting with tour operators from the Asian market, Cuba is participating for the first time in the OTM travel fair in India, which gathers 1,600 exhibitors from 60 countries.
Cuba Considers Tourism Priorities for 2024
Cuban Tourism Minister Juan Carlos Garcia Granda said on TV that major priorities for the sector this year include the reception of over three million foreign visitors and the increase of air connections as well as the diversification of tourist sources.
Cuban special municipality to strengthen ties between economic actors
The Isle of Youth seeks to strengthen the links between the different economic actors involved in the production of food and other goods, to make the most of the installed industrial capacities and the available endogenous resources.
Cuban banks make progress in bankarization process
The Popular Savings Bank (BPA by its Spanish acronym), in the central province of Cienfuegos, is taking steps forward in the process of bankarization promoted in Cuba, with the increase in the number of clients linked to electronic payment gateways and the increase in virtual operations.
French Organizations Question Banks Denial to Deal with Cuba
French cooperation associations, lawmakers and entrepreneurs questioned in Paris the denial by local banks to deal with Cuba and their submission by the extraterritoriality of the US economic blockade fearing punishment.
Cuban authorities report on changes to taxes on imported products
As part of the actions announced by the Cuban government to correct deformations in the economy and boost its development in 2024, the Official Gazette of the Republic published two resolutions modifying prices for the import of raw materials and inputs, as well as cigarettes, tobacco, rum and other alcoholic beverages.
Cuba begins steps to replace single-use plastics
The preparation of professionals and their skills for the transition to the replacement of single-use plastics with sustainable alternatives has begun in Cuba.
Cuban geologists and miners intend to increase exports
Empresa Territorial Geominera Camagüey, which covers this and another two provinces, have plans to increase exports of its main productions—including gold—despite the difficulties to upgrade their economic indicators as a result of the U.S. blockade.
Cuban Ministry of Domestic Trade announces Trade Fair 2024
Cuban Ministry of Domestic Trade (Mincin by its Spanish acronym) announced today the celebration of the Commercial Fair 2024 Commerce of the People, February 1 to 5, in Havana.
Cuban Credit and Commerce Bank expands use of prepaid cards in USD
Cuban Credit and Commerce Bank (Bandec by its Spanish acronym) announced today that as of January 24, prepaid cards in U.S. dollars (USD) can be purchased at selected branches and Cadeca's network of offices, with cash in any of the currencies authorized to circulate in the country.
Spain-based Travel Agencies to Encourage Trips to Cuba
Cuban owners of Spain-based travel agencies welcomed new steps by Cuban tourist authorities to encourage trips to the island by Cubans residing abroad during an exchange with Tourism Minister Juan Carlos Garcia and other executives in that European nation.
Cuban Bank Expands Dollar-pegged Prepaid Cards Services
The Cuban Banco de Credito y Comercio, a bank known here by its acronyms Bandec, announced the availability as of January 24 of dollar-pegged prepaid cards at its branch offices and at money exchange points to pay for goods and services in retail and wholesale markets as wells as for car fuels.
Cuban company keeps leadership in tobacco wrapper for exports
Everything ends well when it begins well, and appeals to science and determination; that is why the Lazaro Peña Tobacco Collection and Beneficiation Enterprise (EABT by its Spanish acronym), based in the western municipality of San Antonio de los Baños, maintains its leadership in the production of wrapper for export twisting.
Cuban Council of State Considers Timetable for New Economic Actions
Cuban Premier Manuel Marrero Cruz submitted to the Council of State a timetable to implement the government’s measures aimed at addressing economic distortions and relaunching the country’s economy.