HAVANA, Dec. 12th (AP) A shipment of medical supplies worth nearly $100,000 sent by Cuban-American businessmen and politicians destined for a Cuban state health Read more
HAVANA, Dec. 12th CUBANS LOVE dulce de leche. The confection of thickened, sweetened milk is an ingredient of widespread desserts, together with tarta de tres leches (three-milk cake) and alfajores. Read more
HAVANA, Dec. 10th It was 22 minutes to midnight when the Cuban coast guard cutter closed in on a speed boat racing through the dark waters off the coast. Read more
HAVANA, Dec. 10th Cuba is giving way to majority foreign participation in investments in key sectors such as tourism, biotechnology and wholesale trade, Read more
HAVANA, Dec. 9th (Reuters) Cash-strapped Cuba said on Tuesday it had attracted $1.9 billion worth of foreign investment over the past year despite Read more
HAVANA, Dec. 8th Cuba will get more lift starting this month with several major tour operators. As reported yesterday in Travelweek Daily, Read more
HAVANA, Dec. 8th “The War on Cuba” documentary opens along Havana’s iconic Malecón, a long stretch of road winding along the coastline of the Cuban capital. Read more
HAVANA, Dec. 3th Young entrepreneurs in Cuba have found solutions for the country’s payment problems through cryptocurrencies after Trump Administration imposed new sanctions on the Island in November. Read more
HAVANA, Dec. 3th Southwest Airlines will bring back its popular Tampa to Havana, Cuba route before the busy holiday season. Read more
HAVANA, Dec. 2nd The government of Havana established price caps on a group of agricultural products and “flour derivatives” that are marketed in agricultural markets and private establishments in the Cuban capital.
Given the shortage of food and basic need products, as a result of the economic crisis the island is experiencing and which has caused a considerable hike in prices, the Havana authorities decided to expand the list of toped prices of food products to “protect our population,” reported the newspaper Tribuna de La Habana.
In October, this source had already published a list of other products with maximum prices set by the government, which included meat and sausages, as well as root vegetables, greens, fruits and grains.
The shortage of food in Cuba has worsened with the coronavirus pandemic and the resulting economic crisis, a context in which the government has opted for the opening of stores where you can only pay with cards associated with bank accounts in dollars. To this is added the impact of the U.S. embargo and the inefficiencies and internal obstacles that hinder the necessary productive take-off on the island.
On the other hand, many sellers appeal to higher prices in search of higher yields given the imminent implementation of a monetary reform announced by the Cuban government, which will include the elimination of the Cuban convertible peso (CUC), a new exchange rate for the dollar, increased wages and pensions, and presumably―and consequently―also inflation.
The new maximum sale prices of retail products are mandatory for self-employed workers (TCP), supply and demand markets and street peddlers, according to Tribuna.
Among the limits announced is that of a package of bread with 10 buns, which will cost a maximum of 25 pesos, while the maximum price of a pound of vegetables such as lettuce, chard, chives and string beans will be 10 pesos, according to the list published by the source.
In the previous list, other products appear such as pork leg and loin at 55 pesos per pound (65 if it is boneless), stuffed ham at 100, special chorizo at 150 and a pound of pork chops at 70.
The price cap is a frequent practice by the Cuban authorities, as a method to prevent prices skyrocketing in emergency situations and shortages, although these caps are not always followed to the letter by the sellers and usually motivate a displacement of toped products into the informal market.
HAVANA, Dec 2 Commercial authorities highlighted today the call to apply for December 8 and 9 of the Cuba 2020 Business Forum, with virtual presence, as an alternative to the International Fair of Havana (Fihav). Read more
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HAVANA, Nov. 29th (IPS) Eloína Estupinan, 67, retired, is concerned about the announced monetary reorganization in Cuba. It’s billed as a necessary and complex process with an impact in all spheres of life on the island. Read more
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HAVANA, Nov. 25th. Authorities in Sicily have asked Cuba’s government to send about 60 healthcare workers, including doctors and nurses, Read more
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