Edition:
United Kingdom

Marc Frank

Cuban state to shed thousands of eateries, eliminate subsidies

19 Nov 2020

HAVANA Communist-run Cuba plans to convert most state-run eateries into cooperatives and private-run businesses in the coming months and stop subsidizing them as soon as next year, according to local reports and a government source.

Cuba loosens state monopoly on food sales amid crisis

06 Nov 2020

HAVANA, Nov 6 Communist-run Cuba will allow farmers, private traders and food processors to engage in direct wholesale and retail trade as long as farmers meet government contracts, state media reported on Friday.

Exclusive: Wealthy creditors give Cuba a pass, but will impose penalties

30 Oct 2020

HAVANA Wealthy nations grouped together in the Paris Club of creditors have waived Cuba's annual payment for restructured debt but plan to impose a penalty on the Communist–run island, according to five Western diplomats with knowledge of the situation.

Cuba urges calm as overhaul of monetary system looms

13 Oct 2020

HAVANA Cuba’s economy minister on Monday urged calm as the government prepares to unify its dual currency system and multiple exchange rates in hopes of improving economic performance.

'Big opportunity': Cuba's entrepreneurs reinvent to survive pandemic

30 Sep 2020

HAVANA From a restaurant mixing take-away cocktails to a cosmetics company delivering home-made products by bicycle, Cuba's entrepreneurs - no strangers to hardship - are coping with the coronavirus shutdown in innovative ways. | Video

Cuba plans first official peso devaluation since 1959 revolution, sources say

10 Sep 2020

HAVANA Communist-run Cuba will soon devalue the peso's one-to-one exchange rate with the U.S. dollar for the first time since the 1959 revolution, according to three sources who requested anonymity due to the sensitivity of the subject.

Some Cubans returning from Venezuela test positive for COVID-19

04 Aug 2020

HAVANA Twenty-nine Cubans recently returned from Venezuela have tested positive for COVID-19 over the last eight days, according to government data, raising questions about health conditions in the South American country under tough U.S. sanctions.

UPDATE 1-Some Cubans returning from Venezuela test positive for COVID-19

04 Aug 2020

HAVANA, Aug 4 Twenty-nine Cubans recently returned from Venezuela have tested positive for COVID-19 over the last eight days, according to government data, raising questions about health conditions in the South American country under tough U.S. sanctions.

Some Cubans returning from Venezuela test positive for COVID-19

04 Aug 2020

HAVANA Twenty-nine Cubans recently returned from Venezuela have tested positive for COVID-19 over the last eight days, according to government data, raising questions about health conditions in the South American country under tough U.S. sanctions.

Cuba loosens straitjacket on private sector to stimulate economy

29 Jul 2020

HAVANA Communist-run Cuba is loosening restrictions on small businesses as it seeks to stimulate a state-dominated economy hammered by the implosion of ally Venezuela, U.S. sanctions and the pandemic.

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