The Cuban Foreign Trade and Investment Ministry approved the setting up of three state-run micro, small and medium companies to do foreign trade for other non-state enterprises.

We must move towards price rationality through control at the institutional level and efficiency in production, Meisi Bolaños Weiss, minister of finance and prices, said when referring to the incidence of the fiscal deficit in the inflation affecting the country.

“We will never know how many foreign companies interested in investing in Cuba dropped their plans due the US economic blockade against the island,” said Mariluz B’Hammel, Commercial Policy director for North America with the Cuban Foreign Trade and Investment Ministry.

Cuban products that will be marketed through the Cuban National on the JD.com e-commerce platform are already in the Chinese port of Xiamen.

The third shipment of the campaign "Tons of Solidarity against the blockade to Cuba" in Spain was prepared under the auspices of groups in Catalonia.

Cuban Agriculture Minister Ydael Perez, and Brazilian Educator Frei Betto requested in Havana collaboration from international organizations and other countries to implement the island’s Plan for Food Sovereignty and Nutritional Education.

The Ministry of Economy and Planning (MEP) approved today 111 new applications submitted by 107 private and 2 state-owned MSMEs, and by two non-agricultural cooperatives.

With new and modern investments, the Telecommunications Enterprise (ETECSA) in this province has improved access to mobile technology and fixed telephony services in rural and far-off areas, to the point that 72% of the People’s Councils in the province enjoy some form of connectivity, thanks to an effort to counteract the U.S. economic, financial and commercial blockade, according to the entity’s provincial director Ricardo Serrano.

An assortment of sugar cane-based products are available from the Base Enterprise Unit (UEB) Derivados as a result of the use of production linkages and local alternatives.

With a view to new cooperation program centered on the strengthening of municipal economy, Cuba and the European Union (EU) are launching Area One of their multiannual indicative program, called Economic Transition and Sustainable Municipality, at Universidad Central de Las Villas.

The Cuban Economy Ministry has continuously approved an increasing number of micro, small and medium companies in all provinces, like in this central territory which already counts on 73 such businesses.

The Melia Las Antillas hotel in this beach resort city exceeded expectations and, despite the current global pandemic, obtained 2.5 million in profits, when losses of over 6 million were planned.

After stopping an free-fall economic trend over the past three quarters of 2021, Cuban economy begins to show slight recovery, though the market offer is still long way below the demand, said Cuban Economy Minister Alejandro Gil.

The Cuban Economy Ministry approve 162 new micro, small and medium companies and cooperatives, taking the number of the new economic entities to 1 974 since the approval process kicked off September 2021.