Havana, July 30 (ACN) The first of three ships from the Mexican Navy loaded with humanitarian aid for Cuba docked at Havana’s harbor Friday afternoon.The ship was welcomed here by Cuban Foreign Trade and Investment Minister Rodrigo Malmierca, said ACN reporter Danilella Perez on her Twitter account.The cargo includes food, medicines and oxygen; a supportive gesture by the Mexican people with Cuba at times when the Caribbean island nation is facing a strong COVID-19 flare-up and the impact of the strengthened US economic siege.Cuban President Miguel Diaz-Canel thanked the Mexican government for the donation.Continue Reading
HAVANA, Cuba, Jul 29 (ACN) A donation of 12,000 tons of rice was made today by Vietnam to Cuba, as an aid to face the food difficulties derived from the economic, commercial and financial blockade applied by the United States and the Covid-19 pandemic.Vietnamese PM Pham Minh Chinh made the symbolic delivery of the shipment to Orlando Hernandez Guillen, Cuban ambassador to Hanoi, according to Prensa Latina.Of this volume, 10,000 tons were donated by the Communist Party (PCV), the State and the Vietnamese people, said the head of government, while the remaining 2,000 tons were contributed by the Committee of the political organization in Hanoi.These donations, said Pham Minh Chinh, demonstrate the special ties of fraternity and solidarity that unite us with Cuba.For his part, Hernandez Guillen, thanked the gesture and quoted Miguel Diaz-Canel, first secretary of the Communist Party of Cuba and president of the nation, who called it a clear expression of Vietnam’s unwavering solidarity and a source of encouragement for the Revolution and the Cuban people.The diplomat noted that such solidarity is especially expressed at this time when Cuba is facing the U.S. blockade, tightened during the pandemic, and the efforts to destroy the Revolution by using deception and misrepresentation in social media.Continue Reading
CUBA STANDARD — Iran in early August will begin manufacturing millions of doses of a Cuban-developed COVID-19 vaccine, Iranian official media reported.
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Havana, July 28 (ACN) Cuba and Algeria reiterated on Wednesday their willingness to strengthen business exchange and diversify economic and trade relations in the benefit of their peoples.The initiative was stated forth during a virtual meeting between the vice-president of the Cuban Chamber of Commerce, Ruben Ramos and the general director of Algeria’s Chamber of Commerce and Industry Quahiba Behloul.The two government officials identified sectors for mutual exchange such as biotechnology, agriculture, construction and medicine, according to the Cuban Chamber of Commerce.Cuba and Algeria have enjoyed close friendly and cooperation ties since that African nation obtained its independence in 1962.Continue Reading
HAVANA, Cuba, Jul 28 (ACN) The Cuban Ministry of Domestic Trade ( MINCIN by its Spanish acronym) is taking several actions to solve the due payments that affect Cuban companies and that have a greater impact on the trade and gastronomy sector.According to Pastora Lopez Leiva, director of Economy of MINCIN, systems have been implemented to speed up payment terms, and among other issues, payment by electronic card or other electronic means has been established at the time of deliveries for a group of food and non-food products, as well as the use of the local letter of credit.As reported by the representative of MINCIN, from the first quarter of 2021 new routes and establishments are joined to the mechanism of payment for deliveries, working system will allow the payment, at the end of the distribution route, in those goods of daily sale and purchase from producers to customers.These are mainly suppliers with a direct and systematic relationship with the local subordination, such as the Meat, Dairy, Cigar and Tobacco, and Beverages and Soft Drinks companies, she added.Of the 190 Basic Business Units (UEB) that exist in the country, some 54 have agreements with different suppliers under this modality with the objective of ensuring that their payments are up to date and that they do not generate overdue balances, the executive continued.As for the technology available, Lopez Leiva stated that there are about 375 POS terminals installed, with a turnover, up to late May, of 487, 350,000 pesos.According to Granma, by the end of June 24, 1,117 payments had been made by qr, immediately, by the producing entities of the Food Ministry and Ministry of Agriculture to the trading entities of MINCIN, for a value of 41.2 million pesos.Continue Reading
By Andreas Knobloch
Creating new incentives for the development of renewable energies, Cuba now exempts foreign investors in clean-energy projects from paying any taxes for eight years, and grants them a reduced tax rate after that.
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Havana, Jul 21 (ACN) The Cuban Ministry of Domestic Trade (Mincin) approved the provisions for the sale in installments to natural persons of goods whose prices exceed two thousand five hundred pesos, such as furniture, mattresses, bicycles and household appliances.Resolution 98/2021, published this Tuesday in the Extraordinary Official Gazette number 66, establishes among the requirements to acquire these items, to be a Cuban citizen with permanent residence in the country, to reside in the province where the sale is requested, as well as to be over 18 years of age, have legal capacity and the ability to pay.Likewise, one must have demonstrable, fixed and regular guaranteed income, and have honored or be honoring other debts contracted under this modality of sale.In order to apply for installment sales and marketing, natural persons must present their identity documents, personal data and the certification of the payment capacity of a guarantor at the retail establishment.This includes a certification from the workplace with the salary earned; or a personal income tax affidavit, in the case of self-employed persons.Pensioners or beneficiaries of social assistance shall show a certification of income by the Labor Directorate or branch of the National Institute of Social Security, and students in centers receiving item allowances, with payment in installments, personal data and commitment of the person assisting them for the payment.The text clarifies that, persons hired in a state entity may have access to installment sales through payroll deduction, subject to an agreement between the retail establishment and the work center.According to the Resolution, the establishment with installment sales modality has up to 10 working days to corroborate the documentation submitted, signs a commitment to process the request and informs the customer of its outcome.The contract, which must be signed by the customer and the retail establishment, determines the amount of the purchase, surcharge rate, form of payment, installments, payment terms, and consequences of non-compliance, as well as the solution of conflicts, obligations, terms and conditions of both parties.The maximum interest rate shall be 2.5 percent on the amount of the item, and the customer shall initially make a negotiable payment of not less than 20 percent of the sales price of the item, by electronic or cash payment.The remaining amount will be paid in the agreed installments, always within a term of up to one year, the legal document states.During the act of purchase, it adds, the customer receives the sales voucher and the warranty certificate; while the certificate of ownership is granted, if applicable, once the total amount has been paid.The text clarifies that if the customer fails to comply with the terms established in the contract and the renegotiation, the retailer is entitled to withdraw the good, without refunding the cash paid.Continue Reading
HAVANA, Cuba, Jul 17 (ACN) The non-state forms of management of the Cuban economy have managed to export to date more than 10 million pesos in items such as charcoal, agricultural products and other services.This was made known on its official Twitter profile by Cuba’s Ministry of Foreign Trade and Foreign Investment (MINCEX), adding that more than 3,500 import contracts have been made to produce in the country.”According to latest reports non-state management forms have managed to export more than 10 million pesos in items such as charcoal, agricultural products and other services. More than 3500 import contracts have been made to produce in the country. #CubaExporta,” MINCEX tweeted.This strategy to increase the management of all economic actors was promoted since the middle of last year, when a group of state entities were authorized to provide contract management services between private workers and foreign clients, publishes Granma newspaper.In this regard, Vivian Herrera, director of Foreign Trade of MINCEX, said last June that this governmental decision also supports the purpose of boosting the economy and facing the crisis caused by the COVID-19 pandemic.Through these links, export and import facilities have been created for non-state management forms, from providing foreign trade services through specialized companies.Continue Reading
Havana, July 16 (ACN) Incoming Cuban and Foreign travelers will be allowed to import toilet items, medicines and food stuffs as of next Monday, July 19 with no limits and exempt of tariffs medications.In a TV appearance, Cuban Minister of Finances and Prices Meisi Bolanos, said that the imports will come in the baggage coming with the travelers, not in the shipments sent before or after travelers arrive at the destination.However, the minister said that travelers arriving at the tourist centers of Varadero and Cayo Coco key in western and central Cuba, will be limited to only bring a baggage with them on the plane storage due to the sanitary COVID 19 measure in force in the country.The exceptional authorization will run till December 31st because it aims at improving the deficits in the country. This is not the first time the government takes such a measure, since in 2008 following the passage of hurricanes there was a decision to drop tariffs in the case of food imports by travllers arriving in the country.Continue Reading
CIENFUEGOS, Cuba, Jul 14 (ACN) Due to the impact of COVID-19 in the province of Cienfuegos, the Tourist Information Office (INFOTUR) enabled digital platforms to provide domestic and foreign customers with information about Cuban tourist destinations.Edith García Cruz, provincial director of INFOTUR, told ACN that they launched a new website called INFOTUR Cienfuegos, in five languages, with photos and videos of the experiences of visitors in different local destinations and tips about the best restaurants, lodging houses, hotels and recreational centers, and live Cuban music performances in the city.Also available for download are maps and guides of the destination, free of charge, with general information about all the options, such those related to nature, geography, tourist offers, transportation and accommodations throughout the country, she said.Visitors can also download applications to their cell phones to access the said information wherever they are.This year, the INFOTUR national office celebrates its 30th anniversary. To this end, the agency launched a national campaign, under the slogan “Already 30 informing”, aimed at promoting its daily work and changing the image of the facilities, where the colors yellow and blue prevail, since they are the hallmark of this agency at international level.Established in 1991, INFOTUR has branches all over the country, tasked with disseminating information about Cuba’s attractions, services, traditions and regulations with a view to a pleasant and safe stay of visitors.Continue Reading
GUANTÁNAMO, Cuba, Jul 14 (ACN) A score of international clients attest to the good results achieved by the enterprise AltoSerra, Cuba’s largest coffee exporter, which in the first half of 2021 fulfilled its sales plan in values with Arabica coffee, marketed in Europe and Asia.After becoming in January 2020 the first source of exports in this province, AltoSerra is expected to be one of the driving forces of local development of the province. This efficient socialist state enterprise materialized that year its first direct operation by sending 198 tons of coffee to the European market, a volume that it hopes to exceed now with 252 tons by the end of its harvest in August.In the last year and a half, AltoSerra pole has diversified its export portfolio and ventured into the production of cocoa and other highly demanded goods such as charcoal, of which it has shipped 100 tons so far this year.AltoSerra’s operations last year included the sale of 318 tons of gold coffee to the joint ventures of the Mariel Special Development Zone, making it one of the Cuban entities with the largest participation in that strategic area.In general, the prestigious Guantanamo industry founded in 1987, National Vanguard for almost three decades and one of the most efficient in the business system of the Ministry of Agriculture, closes the first half of 2021 with good results, also fulfilling its commitment to the domestic sale of exportable coffee and that destined for domestic consumption.Maintaining a high quality product to fulfill the demanding requirements of the international market is a commitment of this entity. AltoSerra has a certified integrated management system and promotes, together with scientific institutions of the territory, 14 local and national projects to improve its productive matrix and increase the added value of its offers. AltoSerra’s contribution represents between 50% and 60% of the Cuban coffee exported today. It has plans to add new markets to its usual clients in Europe, Asia and Oceania.Continue Reading
HAVANA, Cuba, Jul 12 (ACN) Almost 200 million dollars have been allocated by Cuba to face the COVID-19 since the outbreak of the pandemic, in a context where income has decreased due to the tightening of the economic, commercial and financial blockade of the United States, said Alejandro Gil Fernandez, deputy prime minister and head of Economy and Planning.During a televised appearance from the Palace of the Revolution, the minister said that only in reagents, medical equipment, means of production, expendable material and medicines (mainly imported) in 2020 the country invested 102 million dollars not foreseen in the national budget, and up to the end of June of this year, another 82 million dollars. He said that the attention to suspects and positive cases of SARS-CoV-2 virus is offered totally free of charge to the population, but the average daily cost of keeping a person in an isolation center is 990 Cuban pesos (CUP), a confirmed patient in a hospital institution averages 4,165 CUP, and one in ICU requires an estimated 13,045 CUP each day. These expenses are related to food, clothing, cleanliness, cleaning, electricity, water and other supplies for which no Cuban pays a bill.Likewise, the State used up to the end of June 2021 5,772 million pesos in other items associated with the COVID-19 confrontation.So far this year, he pointed out, the salary guarantees for the interrupted workers have cost the country 596 million CUP and a similar amount has gone to the salaries of those who have attended to the sick and contacts in the different areas.In addition, Gil Fernandez noted that medicines have been purchased for use in these facilities for a value of 1,181 million pesos, more than 246 million in food and another 107 million in necessary raw materials, as well as expenses of 1,600 million in water, electricity and other supplies. He explained that in 2020 Cuba earned in convertible foreign currency 2.413 billion dollars less than what was obtained in 2019, a decrease caused by the economic, commercial and financial blockade imposed on Cuba by the United States, and the affectations derived from the world sanitary emergency.Regarding the stores in freely convertible currency, he added that they have not been able to fulfill all their objectives due to financial restrictions, which have limited the use of the cash collected.The minister detailed that this year the nation has obtained 481 million dollars less compared to the first semester of 2020, and to this must be added the expenditure of 655 million dollars for the import of basic foodstuffs and the maintenance of the standard family basket of goods.The official added that in terms of thermal generation (using national crude oil) to support the National Electro-energy System, as a result of failures in those facilities, 422 gigawatt-hours (gWH) less than expected have been generated. Compensating this generation with diesel generators, he continued, is more expensive, and 297 gWH more have been obtained in this way to reduce blackouts.Some 207,000 tons of diesel have been imported to support this process in 2021 and the value of this resource is around US$ 25 million for 30,000 tons.Gil Fernandez insisted that the priority continues to be the confrontation of the pandemic, and for this purpose, the country’s leadership decides, penny by penny, where to put the resources for the welfare of the population and the protection of the most vulnerable.Continue Reading
CUBA STANDARD — French development agency AFD, which opened an office in Havana in 2016, took over the management of a bilateral countervalue fund that is fed by Cuban debt service payments, according to a Tweet by a Cuban Foreign Trade and Investment Ministry official.
The same day, two projects in Cuba were approved to receive money from the fund, according to Yamila Fernández del Busto, the Foreign Trade Ministry official. No details have been announced.
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HAVANA, Cuba, Jul 8 (ACN) Turkey’s Deputy Minister of Agriculture and Forestry, Akif Özkaldi, and the Cuban ambassador to that Eurasian country, Luis Amorós Núñez, signed on Wednesday a cooperation agreement in the field of agriculture and fisheries.Both representatives stressed in their statements that the agreement provides great opportunities both to develop joint cooperation projects in the agricultural and fisheries sector and to identify other areas of common interest to this end.Amorós Núñez said that the agreement reveals the good state of diplomatic ties between the two countries, which continue to grow even in the midst of the COVID-19 pandemic, and promotes cooperation in the areas of agriculture, plant and animal health and production, fisheries and the food industry.On his end, the Turkish vice-president said that the legal instrument should take bilateral agricultural relations to a higher level in keeping with his country’s interest in diversifying bilateral relations and increasing mutual contacts for the benefit of both nations.He also stressed that Cuba has been one of the key partners in Turkey’s strategy to expand relations with Latin America, and emphasized the aspiration to put their economic ties on a par with bilateral political relations.After the ceremony, both representatives held a meeting to discuss the steps to implement the agreement.Continue Reading
HAVANA, Cuba, Jul 8 (ACN) Cuban enterprises and products are present in the virtual trade fair for Germany and the Latin American region, to be held from July 6 to 9.Miriam Martínez Delgado, director of Fairs and Exhibitions of the Cuban Chamber of Commerce (CCC), and Gunther Neubert, head of the German Trade and Investment Promotion Office in Havana, told ACN that the event is an excellent opportunity to promote exports and foreign investment in Cuba, represented in three key sectors: renewable energy, the agri-food industry, and health and medical services, including biotechnology, pharmaceuticals and science in its fight against the epidemic, said the CCC official.“We would have liked to have more sectors in the Cuban stand, although two computer and communications companies that registered independently, Desoft and Citmatel, have their own spaces in the exhibition, attended by representatives of more than 20 Latin American nations,” she pointed out.This is the second edition of this virtual fair organized in Germany to boost economic and trade relations with the nations of the region. Last year Cuba participated with enterprises associated with the Chamber of Commerce.On his end, Gunther Neubert stressed that this event, organized with the support of the chambers of commerce of his country scattered around Latin America, is a good opportunity to bring together German and Latin American businessmen.His office in Havana has organized countless visits by German businessmen to Cuba and vice versa.“For decades we have had very good ties with Cuba, particularly in the energy sectors, with a special focus on renewable energy and energy efficiency, information technology, health (from biotechnology to health tourism), agriculture and food production,” he said. “Despite Cuba’s lack of liquidity, the German businessmen are interested in these negotiations.”“Now we are working on how to turn this interest into projects and more business opportunities. Germany-LATAM 2021 provides an excellent context for Cuban companies to showcase their products and services for export and investment projects, all of which is of great importance for the development of the Cuban economy,” Mr. Neubert concluded.Continue Reading
HAVANA, Cuba, Jul 6 (ACN) Cuban deputy prime minister and minister of economy and planning, Alejandro Gil Fernandez, highlighted today the new possibilities for national development offered by the non-state project of Las Tunas, Plasticos Bahamonde.On Twitter, the Cuban executive highlighted that this initiative constitutes a sample of the active collaboration of all economic actors, to boost the country’s economy.On the same social media, Gil Fernandez shared a report from Granma newspaper published on Tuesday, which stressed that this project is a novel proposal that seeks greater ecological and financial sustainability, which has as its main objective the protection of the environment and the use of innovation in the search for cheaper and more sustainable solutions.The generalization of this initiative would benefit practically 100% of the economic sectors, from tourism and agriculture to the construction materials and household industries.These products have a high potential to become exportable items, due to the advantages of plastic wood in relation to humidity: rigid, resistant and without risk of fungus and insects.Continue Reading
CAMAGUEY, Cuba, Jun 6 (ACN) About 6,000 quintals of different crops were harvested in the province of Camagüey as part of the measures adopted by the local delegation of the Ministry of Agriculture (MINAGRI) to prevent the loss of plantations due to the rains caused by tropical storm Elsa.Although rainfall was low in the territory due to this meteorological organism, immediate action was taken and 1,000 quintals of pumpkin were extracted from the fields, as well as other products that were ready to be harvested, among them corn and mango.In addition, the harvest of more than 3,000 tons of rice was speeded up, and in the coming days the intention is to maintain this rhythm to take advantage of the peak of the harvest of this cereal, told Cuban News Agency Julio Velazquez Avila, delegate of MINAGRI.In the State Agricultural Markets and sale sites in several municipalities, these volumes of foodstuffs were marketed, he added.The return to their places of origin of more than 50,000 head of cattle that had been moved to higher areas was another of the actions carried out in the demarcation after the declaration of the normality phase.The 28 irrigation machines in the province, distributed mainly in Sierra de Cubitas, Esmeralda and Camagüey, were reassembled, since they had been secured with ground moorings and the dismantling of their tires.Continue Reading
HAVANA, Cuba, Jul 5 (ACN) Nautical companies from Cuba and Canada will promote scuba diving in Cuba, daily Juventud Rebelde (JR) reported.The Canadian company AquaSub Scuba Diving Center and Cuba’s Empresas Marinas y Náutica Marlin S.A. recently signed the first bilateral contract of its kind to be established by a Cuban tourism company.The agreement was signed underwater by representatives of both entities, at the zero elevation of the Faro Luna International Diving Center in the south-central province of Cienfuegos. Norbert Pietkiewicz, AquaSub’s representative, assured that there is confidence in the success of the operations and ratified that they will sell all the options of this underwater sport under the Scubacuba.ca brand.JR points out that AquaSub Scuba Diving Center, based in Ontario, will be in charge of promoting in that market the benefits of Cuba as an excellent diving destination, beyond the traditional sun and beach offers.The Canadian company now has the support of Marlin S.A., a Cuban company that manages more than 20 international diving centers throughout the island.Continue Reading
Havana, June 30 (ACN) The fall in international tourism caused by the COVID-19 pandemic could cause an over-four-billion-dollar loss to the global Gross Domestic Product in the period 2020-2021.The most recent report by the UN Conference on Commerce and Development reads that the estimated loss is due to the direct impact by the pandemic on tourism and to its domino effect in other sectors closely linked to tourism.The damage inflicted on tourism in 2020 was calculated at 2.4 billion dollars and although the sector is expected to gradually recover by the second half of this year along the vaccination process in several countries, the loss will continue to near two billion dollars.The world needs a global vaccination effort that protects workers, mitigates the adverse social effects, while decisions must be taken in relation to tourism, said Isabelle Durant, interim general secretary of the UN Conference.The inequality in the access to vaccines and the inequity as to vaccine distribution will be a crucial factor to directly affect the opening of tourist destinations around the world, so countries like France, Germany, Switzerland, the U.K., The USA could be the first to recover to the detriment of developing nations whose economies largely depend on international tourism.Tourism was the object for special consideration in a resolution adopted this month by the delegates to the International Labor Conference on a World Call for Action to a recovery focused on the people after the crisis caused by COVID-19.
The Call by the International Labor Organization stresses the need to favor fast recovery that boosts sustainability in the sector of tourism, having in mind its intensive nature in terms of labor and its key role in countries so dependent on tourism, including developing small island nations.
HAVANA, Cuba, Jun 30 (ACN) Cuba and the Sahrawi Arab Democratic Republic (SADR) ratified their willingness to continue strengthening economic ties beneficial to both governments.During a meeting held between Déborah Rivas, Cuban deputy minister of Foreign Trade and Foreign Investment and Omar Bulsan, ambassador of the Arab nation in this capital, the government representatives exchanged about the possibilities for the expansion of trade relations between the two nations, the Cuban representative publishes in her Twitter profile.”Always a pleasure to receive at the @MINCEX_CUBA the dear Ambassador of the Saharawi Arab Democratic Republic SE @OmarBulsan. We exchanged on the strengthening of economic and commercial ties between our countries,” Rivas tweeted.Last February 27, on the occasion of the 45th anniversary of the proclamation of the Saharawi Arab Democratic Republic, Esteban Lazo Hernandez, president of the National Assembly of People’s Power, recalled the strong ties of friendship that unite both peoples.In that sense, Emilio Lozada García, director general of Bilateral Affairs of the Cuban Ministry of Foreign Affairs, highlighted on Twitter the ties of friendship and cooperation that unite Cuba with the people of that nation, part of the former Spanish province of the Spanish Sahara, later illegally annexed by Morocco in August 1979.Both nations established diplomatic relations on January 21, 1980, although the friendship between the two peoples began in the 1970s, with the founding of the Polisario Front, which seeks to end the Moroccan occupation and achieve self-determination for the Sahrawi people, and has been consolidated mainly in health and education.In December 1977 medical solidarity began, with the sending of a brigade with the first 11 doctors, and currently 13 collaborators provide services in the refugee camps and a group of eight Cuban teachers give classes in the Simón Bolívar secondary school, for the formation of the new generations of Saharawis.Western Sahara was initially a colony of Spain, until the Republic was born on February 27, 1976; however, at present most of the SADR territory is in the hands of Morocco, and only a small portion, the so-called liberated territories, remain under the power of the Saharawi government.This territory, comprising some 266,000 square kilometers, is located in North Africa, bordering the Atlantic Ocean to the west, between Mauritania to the east and south, Morocco to the north, bordering Algeria to the northeast, and has an estimated population of 513,000 inhabitants.Continue Reading
HAVANA, Cuba, Jun 28 (ACN) The United States measures in force against Cuba prevent the regular and institutional flow of remittances to Cuban families, foreign minister Bruno Rodriguez Parrilla denounced today on Twitter.According to the Cuban foreign minister, these U.S. restrictions also cause hard impacts on the self-employed or private sector, in addition to hindering links with Cubans living in that country and hindering family reunification.In his speech presenting the Resolution “Necessity of putting an end to the economic, commercial and financial blockade imposed by the United States of America against Cuba”, on June 23, the Cuban diplomat denounced that the 243 unilateral coercive measures adopted by the Trump administration seek to restrict the arrival of U.S. travelers and harm third-party tourist markets.In addition, the unjust sanctions have sought to deprive the island of fuel supplies, chase health services provided in numerous countries and increase harassment of commercial and financial transactions in other markets.The human damage of the blockade is incalculable. No Cuban family’s life escapes the effects of this inhumane policy. No one could honestly affirm that it does not have a real impact on the population, said Rodriguez Parrilla in New York.Due to the injustice represented by the unilateral and inhuman blockade against Cuba, 184 nations of the world demanded for the 29th time since 1992 the lifting of this policy imposed 62 years ago by Washington.Continue Reading
Havana, June 28 (ACN) 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).According to the foreign minister, the US sanctions also inflict strong impact on the private sector and hamper relations with Cubans residing in the US, while thwart family reunification.In presenting the Cuban resolution demanding the end of the US economic, commercial and financial blockade, June 23 at the United Nations, minister Rodriguez denounced that the 243 unilateral and coercive US sanctions adopted by the former Donald Trump administration restrict the number of US travelers and damage third tourist markets.The unfair sanctions, the minister said, have been an attempt to deprive Cuba from oil shipments, to chase the island’s medical services in numerous countries and to increase harassment on entities that make commercial and financial transactions with Cuba.The human damage inflicted by the US blockade is incalculable. No Cuban human being escapes the effect of the inhumane policy. Nobody could honestly say that the blockade does not have a real impact on the Cuban people, said Bruno Rodriguez in New York.Due to the injustice of the unilateral and inhumane blockade of Cuba, 184 nations of the world demanded for the 29th time since 1992 the lifting of the US policy imposed 62 years ago.Continue Reading
By Domingo Amuchastegui
Economy Minister Alejandro Gil Fernández is one of the most talented heads in the current Cuban government.
So, what’s my gripe with him?
In a much-publicized presentation at the end of May, he highlighted two key proposals, of which he has been the main architect:
1. In what looks like rampant optimism, he reiterated that “Cuba does not renounce” a GDP growth forecast of around 6% in 2021. His argument rests on three premises: a. A gradual recovery of tourism, estimated for this year at 2.2 million visitors; b. increased nickel production; and c. rising sales of telecommunication services.
2. The National Economic and Social Development Plan through 2030, which wants the government to — in his own words — “advance in the medium and long-term strategy, in order to avoid improvisations”.
My objective here is to show the impossibility of achieving 6% growth, as well as the need to reduce the proportions and scope of the National Plan for Social Economic Development for 2030 — actually, to rethink it entirely in the face of current trends.
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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.
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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).
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Bruno Rodriguez Parrilla, Cuban foreign minister, said today on Twitter that every economic, commercial and financial blockade measure in force by the U.S. government threatens the health and lives of millions of people in Cuba.
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As of Monday, natural and legal persons will not be able to make cash deposits of U.S. dollars (USD) in Cuban banks, a temporary measure adopted by the Central Bank of Cuba (BCC) as a result of the U.S. blockade.
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As a former Central Bank economist, Pavel Vidal sits in the catbird seat when it comes to the Central Bank’s order that state banks stop accepting cash U.S. dollars as of June 21Continue Reading
Arguing that U.S. sanctions make it increasingly difficult to unload cash dollars in third countries, Cuba’s Central Bank ordered all banks to stop accepting U.S. currency in cash.Continue Reading
CUBA STANDARD — Cuba’s point man for key economic relations traveled to Paris in early June, apparently to…Continue Reading
The €3 million program includes the University of Havana, Charité Berlin, Martin-Luther-Universität Halle-Wittenberg, and Universidad Autónoma de México (UNAM).Continue Reading
CUBA STANDARD — In a long-awaited move, the Council of Ministers gave the go-ahead to create a new…Continue Reading
Foreign minister suggests biotech cooperationContinue Reading