Economic Development

Cuba Devises New Retail Strategy Lowering Prices on High Demand Goods

There have been some big changes for Cuba in the way of banking and importation of goods into the country.…

6 years ago

ECLAC Report 2019 – the Cuban Economy

The Economic Commission for Latin America and the Caribbean (ECLAC) (Spanish acronym: CEPAL) was established in 1948. ECLAC is headquartered…

6 years ago

Cuba Announces Salary Increases as Part of New Economic Measures

A Cuban Television News report announced that measures would be taken to increase the salaries of government employees to help…

6 years ago

Cuban GDP growth forecast for 2019

In 2019, the Cuban economy is forecast to grow by one-and-a-half percent, following a growth rate of 1.2 percent in…

7 years ago

Cuba Reports Modest Growth in GDP for First Half of Year

Cuba's President Miguel Diaz-Canel told the audience at the National Assembly of People's Power that the Gross Domestic Product (GDP)…

7 years ago

New Guidelines for Cuba’s Cuenta Propistas

After a lengthy review of the regulations surrounding self-employment, the government published the Official Gazette Extraordinary No. 35 which formulates…

7 years ago

Cuba Repays Second Installment to Paris Club Creditors

According to a Reuters report yesterday, Cuba repaid a second installment to creditor nations of the Paris Club as per a…

8 years ago

Government Suspends Some But Not All New Licensing Permits

The news came as a disappointment to many.  The government's recent Gaceta Oficial Extraordinaria No. 31 ruling has officially pulled the…

8 years ago

Cuban Economic Performance 2016 to 2017

Official estimates of Cuban economic performance showed a decline of 0.9% in 2016.  This drop occurs after average annual growth…

9 years ago

Slowed Growth Predicted for the Cuban Economy

For the year 2016, Cuba economic growth is forecast at two percent, a decrease from the 4.7 percent achieved in…

9 years ago