Search results for: MSMEs for six basic products since July

Almost 400 Private Businesses Are Fined for Violating Price Caps While Products Disappear

Readers of the official press are divided between those in favour of a heavy hand and those against the government’s measures 14ymedio, Madrid, 12 July 2024 — In less than 72 hours, the Cuban authorities already had almost 400 violators of the price cap for six basic products that came into force on Monday. Last … Continue reading “Almost 400 Private Businesses Are Fined for Violating Price Caps While Products Disappear”

Private Businesses in Cuba Hide the Chicken and Other Products To Avoid the Capped Prices

State foreign exchange shops sell the same items at more expensive prices 14ymedio, Juan Diego Rodríguez/Olea Gallardo, Havana, 3 July 2024 — A day after the new measures announced by the Government on June 27, which establish a maximum profit margin of 30% on private sales to the State, it is not yet known with … Continue reading “Private Businesses in Cuba Hide the Chicken and Other Products To Avoid the Capped Prices”

‘I Have Spent Almost a Thousand Pesos and I Don’t Have Enough Food for a Week,’ Laments a Retired Woman From Cienfuegos, Cuba

At the Calzada de Dolores fair, which is held on Saturdays, it is becoming more and more expensive to pay for the few products that there are. 14ymedio, Julio César Contreras, Cienfuegos, 11 November 2024 — On Calzada de Dolores two parallel fairs coexist every Saturday. One is for those who have the required licenses … Continue reading “‘I Have Spent Almost a Thousand Pesos and I Don’t Have Enough Food for a Week,’ Laments a Retired Woman From Cienfuegos, Cuba”

After Two Months at 320 Cuban Pesos, the Dollar Begins To Rise on the Informal Market

Among the causes of the momentary exchange rate paralysis are the “disincentives to the growth of imports from the private sector 14ymedio, Madrid, October 11, 2024 — The exchange rate from the peso to the dollar on the informal market has set a record of stability during September and the first days of October. The … Continue reading “After Two Months at 320 Cuban Pesos, the Dollar Begins To Rise on the Informal Market”

Without Explanation, the Established Price Caps Are Canceled for the Private Sector in Cuba

The measure was due to come into effect on Monday for chicken, sausages, oil, spaghetti, powdered milk and detergent. 14ymedio, Havana, 1 July 2024 — As of this Monday, the prices capped for micro, small and medium-sized enterprises (MSMEs) should be a reality. At least in the municipality of Plaza de la Revolución (Havana), in … Continue reading “Without Explanation, the Established Price Caps Are Canceled for the Private Sector in Cuba”

The Disaster of the Communist Business Model in Cuba

14ymedio, Elías Amor Bravo, Economist, 5 October 2023 — In a recent discussion on the Cuban State TV Roundtable program, the issue of the relationship of the ’regulated family basket’ [the monthly allotment of rationed goods] to banking was addressed by the Minister of Internal Trade (MINCIN), Betsy Díaz. She spoke about the increase in … Continue reading “The Disaster of the Communist Business Model in Cuba”