Tag Archives: economic reforms

July 15, 2014

SARAH STEPHENS: Putin in Havana, America at the Movies

When Russian President Vladimir Putin visited Havana this week to build closer ties with Cuba’s senior leadership, it begged the question, “Haven’t we seen this movie before?” Our narrative starts at the height of the Cold War. Cuba’s revolutionary government established formal diplomatic relations with the Soviet Union on May… read more »

July 11, 2014

Putin pledges to help Cuba explore for offshore oil

Alexei Anishchuk and Daniel Trotta, Reuters — Russian President Vladimir Putin pledged to help revive Cuba’s struggling offshore oil exploration on Friday at the start of a six-day tour of Latin America as Russia aims to reassert its influence on the communist-ruled island. Putin was joined in Havana by close… read more »

July 9, 2014

US, Cuba hold migration talks in Washington

Peter Orsi, Associated Press – U.S. and Cuban government officials were meeting in Washington on Wednesday for the latest round of migration talks, a rare chance for dialogue between two countries that have not had full diplomatic relations for more than five decades. Held every six months to monitor the implementation… read more »

July 5, 2014

Raul Castro: Economic changes must be gradual

Peter Orsi, Associated Press – President Raul Castro reiterated Saturday that Cuba’s program of reforms will remain cautious and gradual, despite recent disappointing GDP numbers that show the country’s already-struggling economy slowing. Days after Cuba downgraded its 2014 economic growth forecast by nearly a percentage point, Castro told parliament during the… read more »

July 3, 2014

CUBA CENTRAL Newsblast: Democracy: Is there an app for that?

We are on the cusp of our July 4th holiday here in the U.S., when we remember the revolutionary origins of our country and celebrate our independence with baseball, beer, and displays of fireworks accompanied by a spirited rendition of Tchaikovsky’s 1812 Overture. Because we’re eager to finish the work week,… read more »

June 30, 2014

Cuba prosecutors seek 15 years for Canadian man

Peter Orsi, Associated Press – Prosecutors are seeking 15 years in prison for a Canadian businessman who was arrested in a high-profile crackdown on corruption, Cuban authorities said Monday. The trial of Cy Tokmakjian, president of an automotive and transportation company, the Tokmakjian Group, concluded June 12 and a ruling is… read more »

June 30, 2014

Just 50 cars sold in 6 months under new law

Andrea Rodriguez, Associated Press – Just 50 automobiles and four motorcycles have been sold in Cuba in the nearly six months since a new law took effect that let islanders buy vehicles from state-run dealerships without a special permit for the first time in decades, authorities said Monday. Sales totaled about… read more »

June 27, 2014

CUBA CENTRAL Newsblast: Washington, Cuba, and the Climate for Dysfunction

This headline – “Cuba plans to drill near Keys again in 2015” – helped us clarify the news this week about U.S. policy toward Cuba and the dysfunction that surrounds it. As David Goodhue, reporting for the Florida Keys Keynoter, explained, Cuba will resume exploratory drilling off the Florida Keys… read more »

June 23, 2014

Cuba downgrades 2014 GDP forecast to 1.4 percent

Associated Press – Cuba has revised its 2014 economic growth forecast downward to 1.4 percent, Communist Party newspaper Granma said Monday, nearly a point off previous projections of 2.2 percent. Economy Minister Adel Yzquierdo attributed the downgrade to lagging foreign income, adverse climatic conditions and “internal insufficiencies that our economy continues… read more »

June 23, 2014

Cuba permits internet access for co-ops

TeleGeography – Cuba’s Ministry of Communications (MIC) has authorised state-owned telecoms monopoly Empresa de Telecomunicaciones de Cuba (ETECSA) to provide internet services to non-agricultural cooperatives from 29 June, the Cuba News Agency reports. According to MIC Resolution No. 396, internet access will only be provided from existing facilities on the premises of non-agricultural… read more »