Central bank announces new measures for cashless payments
Cuba’s Central Bank (BCC) has announced new measures to increase the use of electronic channels for payment transactions…
“We’re not afraid of the market”: Far-reaching reform of state-owned enterprises in the making
Cuba’s state-owned enterprises are expecting to see major changes soon. After several gradual reform steps, a new enterprise…
Strategic partnership in the making: Cuba and Russia plan long-term energy deal
As reported by Russian media “Sputnik”, Cuba and Russia plan to start regular oil and fuel deliveries. The…
From butter to cement: Putting numbers to the crisis
The economic and supply crisis in Cuba continues. As the country begun a road of cautious recover from…
Inflation continues its grip on Cuba
While mobilizations are already underway in Cuba for the traditional rally in Havana on May 1st, the economic…
Foreign investment: These projects are coming next
Four months after the Havana International Trade Fair (FIHAV), a number of projects are being implemented. Among them…
New brewery going up at Mariel, rival sues over lost monopoly
CUBA STANDARD — In one of the few instances of foreign direct investment in Cuba since the beginning…
Key business figure dies of heart attack at age 62
CUBA STANDARD — In what some suggest is a political game changer for Cuba, Luis Alberto Rodríguez López-Calleja…
Biden administration takes back some Trump sanctions
CUBA STANDARD — Surprising most Cuba watchers and political players, Joe Biden unilaterally took back some of the…
Ruling against cruise lines may send chill to other U.S. travel
CUBA STANDARD — Rejecting the cruise lines’ argument they engaged in lawful travel, a federal judge in Miami…
Cuba offers Biden a channel to unblock remittances
CUBA STANDARD — Apparently offering the Biden administration a way to resume the billion-dollar flow of remittances by…
Multilateral bank lends Cuba €47m for vaccine development
CUBA STANDARD — In a rare case of multilateral lending to Cuba, the Central American Bank for Economic…
Mexico grants emergency authorization for Cuban vaccine
CUBA STANDARD — Mexico’s regulatory agency for pharmaceuticals granted emergency authorization to use a Cuban-made COVID vaccine. Cofepris…
Cuba offers more openings to foreign investors
CUBA STANDARD — After years of disappointing levels of investment in the island, Cuba’s economic leaders used the…
Cuba seeking to capitalize on vaccine export opportunities
CUBA STANDARD — With 40% of the total population now fully vaccinated against COVID-19, and officials saying that…