Economist Pedro Monreal Points Out a ‘Statistical Blackout’ in Official Cuban Data

14ymedio, Havana, 14 March 2024 — The balance sheet for Internal Trade in Cuba for 2023, published by the Government this Wednesday, provided only one statistic for the sector: 70% of the construction materials delivery plan was met. The rest of the meeting consisted of an accumulation of “enigmatic formulations, abundant exhortations, a drought of … Continue reading “Economist Pedro Monreal Points Out a ‘Statistical Blackout’ in Official Cuban Data”

Marrero Blames Private Businesses for the State Deficit and Praises Forced Sales for Violations of Capped Prices

According to the Prime Minister, private individuals evaded 50 billion* pesos, and 354 sales of ’hidden’ products had to be forced 14ymedio, Madrid, July 18, 2024 — We could not expect anything other than a long list of economic penalties from Prime Minister Manuel Marrero’s intervention this Wednesday in Parliament, in which he evaluated the … Continue reading “Marrero Blames Private Businesses for the State Deficit and Praises Forced Sales for Violations of Capped Prices”

Food Production in Cuba Is Going Through Its Worst Moments

Deficiencies in all sectors, non-payments to producers, lack of fuel and an exodus of labor 14ymedio, Havana, July 16, 2024 — If anything became clear this Monday after the analysis in the National Assembly of the performance of the Food Industry and Agriculture so far this year, it is that none of the sectors – … Continue reading “Food Production in Cuba Is Going Through Its Worst Moments”

Capped Prices for Chicken and Five Other Products Take Effect This Monday in Cuba

The Cuban Government will update prices when necessary and may include other goods 14ymedio, Havana/Madrid, 8 July 8, 2024 — The Cuban Government has acted to exempt from tariffs the import of six basic products whose prices will be high: chicken, powdered milk, cooking oil, sausages, pasta and detergent powder. The resolution was published in … Continue reading “Capped Prices for Chicken and Five Other Products Take Effect This Monday in Cuba”

Cuban Ministers Meet to Discuss Measures to Address a ‘War-Time Economy’

The cap on maximum profits for the private sector on sales to state-owned companies comes into force on Monday 14ymedio, Madrid, Monday, July 1, 2024 — Today, just as a cap on private-sector profits from sales to state-owned companies takes effect, the official communist party newspaper Granma opened with an article devoted to the most … Continue reading “Cuban Ministers Meet to Discuss Measures to Address a ‘War-Time Economy’”

Never a Time of Peace for the Cuban Economy

The revolution is not in crisis. The revolution itself is a perennial crisis and a chronic illness. 14ymedio, Yunior García Aguilera, Madrid, July 2, 2024 — Fidel Castro did not want to call the great Cuban debacle of the 1990s a crisis. He preferred the euphemism “Special Period.” He used the term twenty times during … Continue reading “Never a Time of Peace for the Cuban Economy”

Cuban Government Describes as Ineffective and Harmful the 30% Profit Cap on Sales from the Private Sector to the State

Economist Pedro Monreal points out that this measure “entails the risk of corrupt markets.” 14ymedio, Madrid, 28 June 2024 — Cuba’s private sector will be able to obtain a maximum profit of 30% on the goods and services it sells to the State as of July 1. This Thursday, the Cuban Government made public a resolution … Continue reading “Cuban Government Describes as Ineffective and Harmful the 30% Profit Cap on Sales from the Private Sector to the State”

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”

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”

Díaz-Canel Urges Cubans To Produce Their Own Food To Curb Imports

14ymedio, Madrid, 10 June 2024 — The echo of Miguel Díaz-Canel’s scolding this Friday in Majibacoa still resonates throughout the Island: “Here there is enough land to produce for the entire municipality, to give food to all of Las Tunas. Now, you have to work.” A few hours after that diatribe, which has become common … Continue reading “Díaz-Canel Urges Cubans To Produce Their Own Food To Curb Imports”

Instead of Investments, the Cuban Government Offers Words for the Development of Science

The percentage of state investments in innovation fell from 1.14% in 2011 to 0.55% in 2023 14ymedio, Madrid, June 10, 2024 — The latest voluntary illusion that the Cuban Government seems to cling to in recent weeks is science, technology and innovation. The minister of the sector, Eduardo Martínez Díaz, a few days ago in … Continue reading “Instead of Investments, the Cuban Government Offers Words for the Development of Science”

Cuba Imported Nine Times More Chicken Meat From the US in March Than the State Produced in 2022

The tons purchased in the first quarter of 2024 are double the total annual production of the Island 14ymedio, Madrid, 10 May 2024 — “The tons imported from the US in the first quarter of 2024 double the total annual production of chicken meat in Cuba.” This devastating phrase was posted by the economist Pedro … Continue reading “Cuba Imported Nine Times More Chicken Meat From the US in March Than the State Produced in 2022”

Cuba Produces a Third of the Cow’s Milk It Obtained in 1989 and 60 Percent of the Meat

The sector’s executives pilfered the information in a television appearance in which they offered “we have to” as the only response to the problems. 14ymedio, Madrid, May 17, 2024 — The situation of livestock farming was nothing short of a joke, hours after learning that the sector’s products were the ones that rose the most … Continue reading “Cuba Produces a Third of the Cow’s Milk It Obtained in 1989 and 60 Percent of the Meat”

Cuba Establishes an Electronic Visa to Try to Revitalize Tourism that is Not Recovering

• In the first trimester of the year, only a quarter of the international travelers expected for 2024 arrived, far from the 32% needed to meet projections. • The United States has denied 300,000 electronic visas to European citizens for having visited Cuba before. 14ymedio, Madrid, 3 May 2024 — Prime Minister Manuel Marrero announced … Continue reading “Cuba Establishes an Electronic Visa to Try to Revitalize Tourism that is Not Recovering”

‘Bancarizacion’ – Banking Reform – Has Not Reached the Level Desired by the Cuban Regime

14ymedio, Madrid, April 8, 2024 — ‘Bancarización’* — banking reform — is stagnating in Cuba despite the many hours spent promoting it in the official media. Last year, 30% of banking operations were carried out in cash, despite the fact that only 77% of the 800 ATMs on the Island dispense it, according to data … Continue reading “‘Bancarizacion’ – Banking Reform – Has Not Reached the Level Desired by the Cuban Regime”