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December Tuesday

SANTA CLARA, Cuba, Dec 29 (ACN) With the attendance of the first secretary of the Central Committee of the Communist Party of Cuba and President of the Republic, Miguel Diaz-Canel Bermudez, in his capacity as deputy for this city, begins the 8th ordinary session of the Municipal Assembly of People's Power (AMPP) of Santa Clara.

Based on the behavior of the economy in recent quarters, many Cubans had already assumed that 2023 would close with a decrease in the Gross Domestic Product, and this was confirmed with the official statement that there would be a contraction of between 1 and 2 % at the end of the year.

The celebrations of the 65th anniversary of the triumph of the Revolution will precede the implementation, starting on January 1st, of new measures laid down in the Government’s plans to correct mistakes and boost the economy in 2024 through steps to incentivize the production of goods and services, which will contribute to national development and improve people’s quality of life, according to Alejandro Gil Fernández, Deputy Prime Minister and Minister of Economy and Planning (MEP), and Vladimir Regueiro Ale, Minister of Finance and Prices (MFP).

The Agricultural Production Cooperative (CPA) Calixto Sarduy, in the province of Las Tunas has just harvested its first-ever batch of Habanero chili pepper for export through the importing/marketing enterprise Agroint.

Boosting the Macroeconomic Stabilization Program will be a priority for Cuba in 2024 through improved pricing policies, the gradual de-dollarization of the economy, the reactivation of the exchange market, and changes to the foreign currency cash-flow management mechanism, according to Alejandro Gil Fernández, Deputy Prime Minister and Minister of Economy and Planning, in his words to the Second Ordinary Session of the National Assembly of People's Power, with Army General Raúl Castro Ruz and President Miguel Díaz-Canel present.

During the Second Ordinary Session of Parliament and with Army General Raúl Castro Ruz and President Miguel Díaz-Canel present, Alejandro Gil Fernandez, Cuba’s deputy prime minister and Minister of Economy and Planning, remarked that the 3% GDP growth for 2023 proved to be an impossible target due to the lack of foreign currency and fuel.

Cuban Economy Minister Alejandro Gil said on Monday that after the country’s GDP decreased in 2023, the local economy could eventually begin to take next year, for which goals and objectives have been designed.

The Cuban Economy and Planning Ministry approved 98 new micro, small and medium business applications.

The Ministry of Domestic Trade ( MINCIN by its Spanish acronym) invited today organizations, entities, universities and economic actors to participate in the 3rd Trade Convention Cuba 2024, to be held July 8 to 12 at the Havana Convention Center and at the Pabexpo fairgrounds as a sub venue.

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