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April Tuesday

Tax benefits and incentives to help revive key sectors of the Cuban economy, such as agriculture and industry, are beginning to be implemented since early this year by the Ministry of Finance and Prices (MFP), through the management and control of the State Budget Law of 2024.

Ricardo Cabrisas Ruiz, deputy prime minister, called on the Cuban Chamber of Commerce (CCC) to work more closely and cohesively with all the actors of the business system, including MSMEs, in order to promote exports with added value and rational import substitutions, for the benefit of the country.

Miguel Diaz-Canel Bermudez, First Secretary of the Central Committee of the Communist Party of Cuba (PCC) and President of the Republic, visited today entities of economic and social relevance to verify strategies, practices and projections focused on improvement.

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.

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.

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.

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 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.

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.

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.

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