Category Archives: Economy

Economy

Cuban tourism will close year with some 4.7 million visitors

Cuban Minister of Tourism Manuel Marrero reported the country will close the current year with some 4.75 million tourists, an amount that doesn’t fulfill forecasts, mainly due to restrictions to US travelers and the affectations of the 2017 hurricane.

Cuban-Vietnamese plant to cover 90 percent of detergent demand

Cuba approved the creation of a joint venture with Vietnam, Suchel TBV S.A., to produce detergents in the Mariel Special Development Zone (ZEDM), which will enable it to replace more than 90 percent of the country’s imports of this assortment.

Cuba sets new rules to speed up foreign investment

In an effort to streamline the evaluation and authorization processes of foreign capital projects in Cuba, the Extraordinary Official Gazette number 38 publishes this Thursday a package of provisions that modify complementary rules to Law 188 on Foreign Investment.

Cuban economy grows 1.1 percent in first half of 2018

The Cuban Gross Domestic Product had a discreet growth of 1.1 percent at the end of the first half, when the county faced shortages in hard currency, said Miguel Diaz-Canel, President of the Council of State and Ministers.

Marino Murillo Says New Regulations Aimed at Putting Private Sector in Order

The member of the Political Bureau of the Central Committee of the Cuban Communist Party and Head of the Commission of the Implementation of the Guidelines, Marino Murillo said on Monday in Havana that the main objective of the policy approved for the improvement of the private sector is to organize its correct development.