Stay updated with breaking news from Ordering Task. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Havana, Dec 19 (Prensa Latina) Cuba has been experiencing a gradual recovery of its economy since the second quarter of 2021, but there are numerous challenges to keep the trend, government sources said on Sunday.
Cuban Regime Hopes to Welcome 2.2 Million Tourists during 2021 However, no government official has yet to explain how to revert the fall in tourism during the first quarter of this year MIAMI, United States. – Cuba’s minister of Economy and planning, Alejandro Gil Fernandez, acknowledged in a press conference this Thursday that his government expected to welcome 2.2 million tourists during 2021. This will mean a 6% growth in the economy (after its 11% contraction in 2020). However, due to the coronavirus pandemic, during the first quarter of 202, only 48,163 visitors arrived in Cuba, a fi...
A woman in Havana. REUTERS Raul Castro’s announcement at the 8th Congress of the Cuban Communist Party (PCC) that he is stepping down as the party’s Secretary General marks the formal end of an era in Cuban history. The 89-year-old Raul took over as Secretary General a decade ago pledging extensive reforms to repair the country’s moribund economy. But those reforms have failed miserably, and power now passes to Castro’s handpicked successor, President Miguel Diaz-Canel, at a time when Cuba faces its worst economic and political in the six decades of commun...
Cuban banking system under strong US pressure Cuban banking system under strong US pressure Havana, Apr 8 (Prensa Latina) Official reports today consider that the banking and financial system of Cuba is under strong pressure from the United States, with losses that exceed 284.3 million dollars. A tweet from the Ministry of Foreign Trade and Investment (Mincex) of this island reflects such a problem that occurs amid outbreaks of the Covid-19 pandemic. The note reiterates the demand for a repeated global request to suspend said economic, commercial and financial restrictions of the blockade, wh...
Financial reforms leave Cubans no choice but to enter labor market 3 minutes read By Atahualpa Amerise Havana, Jan 29 (efe-epa).- Income from one’s job, or “la pincha,” is now essential as a matter of mere survival in Cuba, where in a bid to put everyone to work salaries have been sharply raised and subsidies slashed. Even so, high inflation, a scarcity of resources and a recent peso devaluation threaten to stymie one of the Communist-ruled island’s most ambitious economic reforms in recent years. Veralis Hernandez, a 28-year-old nurse who had been out of work for five years, is bac...