Current US sanctions against Cuba hinder the regular and institutional flow of remittances for Cuban families, Foreign Minister Bruno Rodriguez denounced on his Twitter account (shorturl.at/abkmZ).
On initiative of the National Association of Economists and Accountants of Cuba (ANEC by its Spanish acronym) in Havana, the Management Group for the articulation or interrelation between the socialist state enterprise (EES by its Spanish acronym) and the non-state forms of management (FGNE by its Spanish acronym) was formed.
The Chamber of Commerce of the Republic of Cuba will participate in the II Expo Virtual Germany 2021for the Latin American region with an institutional stand to promote exports and foreign investments in the largest of the Antilles.
Along with the micro, medium and small enterprises (MSMEs), another new actor in Cuba, the subsidiary, will come into play in August or September, once the corresponding legal regulations are ready, according to Alejandro Gil Fernández, Deputy Prime Minister and head of the Ministry of Economy and Planning (MEP).
Cuban government expects to see the setting up of the its first Micro, Medium and Small companies—MMSEs-- both in the state and non-state sectors by mid August or early September, said Cuban Economy Minister Alejandro Gil during a prime-time TV show on Friday.
In response to the demand of international travelers to access goods and services in facilities which only accept payment by means of magnetic cards, the Bank of Credit and Commerce (BANDEC) has designed prepaid cards, available for the time being in authorized CADECA offices located in the tourist resorts of Varadero and Coco Key.