Cuban Bodegas Double the Price of Cigarettes and Triple the Price of Cigars

Depending on the brand and strength, packs will cost 60 pesos, while cigars will go up to 10 pesos each 14ymedio, Havana, April 11,   2024 — The prices of cigarettes and tobacco will triple starting this Friday for retail sales, as announced this Thursday by the Ministers of Domestic Trade and Finance and Prices. The measure, … Continue reading “Cuban Bodegas Double the Price of Cigarettes and Triple the Price of Cigars”

Russian Oil Gives Oxygen to the Cuban Regime for ‘Speeding Up’ Food Distribution

The Russian oil improves the allocation of diesel by province, but “only satisfies about 50% of demand” 14ymedio, Madrid, 8 April 2024 — The arrival of the NS Concord on March 29 in Matanzas with 90,000 tons of Russian oil – 697,000 barrels – has given Cuba a break, but it is never enough. “The … Continue reading “Russian Oil Gives Oxygen to the Cuban Regime for ‘Speeding Up’ Food Distribution”

Cuba Has No Bread, but ‘You Can Drown in All the Flour’

14ymedio, Madrid, February 29, 2024 — “In Cuba there is enough flour to drown in, but the State doesn’t have any.” Everyone knows it, and María confirms it. She spends the morning sending messages to several contacts – found through social networks –  to buy the raw material, with which she makes bread, pizzas, cakes … Continue reading “Cuba Has No Bread, but ‘You Can Drown in All the Flour’”

Gas Stations Closed and Others With Long Lines Before the New Prices of March 1

14ymedio, Havana, 28 February 2024 After being postponed due to an alleged cyber attack on the state financial company Cimex, two days before the dismissal of the Minister of Economy, Alejandro Gil Fernández, the new fuel prices, public transport and electricity rates will go into effect on March 1. Havana residents were trying to refuel … Continue reading “Gas Stations Closed and Others With Long Lines Before the New Prices of March 1”

As the Dollar Approaches 300 Pesos, the Cuban Government Talks About ‘Intervening’ in the Informal Market

14ymedio, Madrid, 30 January 2024 — Economic reforms are coming together for the Cuban Government, which is expected to announce changes in the foreign exchange market this February. In the first Council of Ministers session held this year, the Minister of Economy, Alejandro Gil, set an immediate date on a priority issue for the country, … Continue reading “As the Dollar Approaches 300 Pesos, the Cuban Government Talks About ‘Intervening’ in the Informal Market”

Taxes Triple on Imported Tobacco and Alcohol in Cuba

14ymedio, Madrid, 26 January 2024 — The Cuban Government announced on Thursday the increase in tariffs for the import of cigars, cigarettes, rum and other alcoholic beverages. For all these products, the general rate becomes 30%, while for countries considered a “favored nation” it will be 15%. In both cases, the percentage is tripled, since … Continue reading “Taxes Triple on Imported Tobacco and Alcohol in Cuba”

Cuban Authorities Announce Price Increases of More Than 500 Percent for Regular Gasoline and Diesel

14ymedio, Madrid, 9 January 2024 — Fuel on the Island will quintuple in price starting February 1st. But Cubans, always thinking ahead, are more afraid of the dangers to come. These include even larger price increases on the black market and shortages at service centers, especially for those paying in Cuban pesos (CUP) rather than … Continue reading “Cuban Authorities Announce Price Increases of More Than 500 Percent for Regular Gasoline and Diesel”

The Government Is Also Raising the Prices of Electricity and Fuel To Penalize Cubans ‘Who Use the Most’

14ymedio, Havana, 9 January 2024 — According to the Government, electricity and fuel will cost Cubans 25% more beginning March 1, when a new tariff, designed to “correct distortions” in the state budget, becomes effective. The price increase will affect those who use more than 500 kilowatts per hour (kWh) of electricity and all those … Continue reading “The Government Is Also Raising the Prices of Electricity and Fuel To Penalize Cubans ‘Who Use the Most’”

Cuban Government Modifies Private Sector Licenses and Taxes

14ymedio, Havana, 10 July 2018 — The announced “reordering and updating” for self-employment work appeared this Tuesday with the publication in the Extraordinary Gazette of a package of measures that modify the licensing system and the payment of taxes from the private sector. “No activity disappears, 96 of the existing ones are grouped into 28, and from of … Continue reading “Cuban Government Modifies Private Sector Licenses and Taxes”

Only an Adjustment Plan and Monetary Reform Can Stop Cuba’s Growing Fiscal Deficit

14ymedio, Madrid, 14 December 2023 — The increase in the fiscal deficit of 2023 by 44.4%, announced this Wednesday by the Cuban Government, arouses unfavorable comments from several independent economists, who regret the lack of a plan to fight against an inflation of 27% so far this year. According to the decree that modifies the … Continue reading “Only an Adjustment Plan and Monetary Reform Can Stop Cuba’s Growing Fiscal Deficit”

The Disagreements of Cubans Explode in the Comments Published in the Official Press

14ymedio, Havana, 20 July 2023 — The comments of readers in the official Cuban press have become the sounding board of widespread unrest in a country corroded by inflation and scarcity. Faced with the inability of the authorities to manage the economy, citizens mock the parliamentary debates on price controls, which Cubadebate describes as a … Continue reading “The Disagreements of Cubans Explode in the Comments Published in the Official Press”