Cuban Military from Gaesa Partner with the Spanish Vima in Another Dollarized Store

Customers can pay with MLC, but employees suggest that they are going to remove this option 14ymedio, Juan Diego Rodriguez/Olea Gallardo, Havana, 6 January 2025  –Although it has not attracted as much attention as the Supermarket on 3rd and 70th, which opened a day later, the store on Infanta and Santa Marta in Havana is … Continue reading “Cuban Military from Gaesa Partner with the Spanish Vima in Another Dollarized Store”

Cuba’s Military Company Gaesa is Responsible for the ‘Abrupt Impoverishment’ of the Country

‘The Miami Herald’ reveals that the hotel arm of the conglomerate has 4.261 billion dollars in its accounts 14ymedio, Havana, 1 January 2025 — Gaviota, one of the hotel companies owned by Gaesa — the economic and financial arm of the Cuban military — has roughly 4.261 billion dollars in “current assets.” The figure, accessed … Continue reading “Cuba’s Military Company Gaesa is Responsible for the ‘Abrupt Impoverishment’ of the Country”

Cuba’s Military Officials Running GAESA Have Destroyed the Economy, Claims Cuba Siglo 21

A report published by the organization points to the military-run conglomerate as the main cause of inflation, blaming it for putting its interests before those of the nation. 14ymedio, Madrid, 20 May 2024 — War has been declared on the Cuban economy but it is not being waged from a department within the CIA. Instead, … Continue reading “Cuba’s Military Officials Running GAESA Have Destroyed the Economy, Claims Cuba Siglo 21”

Gaesa Used the ‘Small Business’ Law to End the Competition of Cuban Entrepreneurs

14ymedio, Madrid, 7 March 2023 — The Grupo de Administración Empresarial S.A. (Gaesa), the all-powerful conglomerate belonging to the Revolutionary Armed Forces, has been deliberately drowning the private sector in Cuba since 2016, and the SME law (micro, small and medium enterprises), promulgated in 2021, is only a “false opening” to attract foreign investment and … Continue reading “Gaesa Used the ‘Small Business’ Law to End the Competition of Cuban Entrepreneurs”

A Contest to Find Out What Cubans Know about Gaesa

14ymedio, Havana, August 12, 2022 — The Cuban Conflict Observatory (OCC) is sponsoring a competition — “What Do You Know about Gaesa?” — in which all Cubans living on the Island are invited to participate. To participate, contestants must answer a series of questions: Can you explain why so much has been invested in hotels … Continue reading “A Contest to Find Out What Cubans Know about Gaesa”

Eusebio Leal’s Social Programs in Old Havana Disappear under GAESA / Juan Juan Almeida

Juan Juan Almeida, 2 February 2017 — On July 30, 2016 the new military management that officially took over the Cuban tourism company Habaguanex and other business entities that had belonged to the Office of the Historian of the City of Havana is planning to satisfy its own own financial needs by doing away with social … Continue reading “Eusebio Leal’s Social Programs in Old Havana Disappear under GAESA / Juan Juan Almeida”

Western Union Suspends Money Transfers to Cuba Due to “Limitations” Imposed by Trump

The inclusion of the Orbit regime’s financial institution on the US blacklist prevents transactions with the Island 14ymedio, Havana/Miami, 7 February 2025 — The foreseeable brake of the Trump Administration on Western Union (WU) operations in Cuba is now active. The American company suspended the sending of remittances to the Island on Wednesday, February 5, … Continue reading “Western Union Suspends Money Transfers to Cuba Due to “Limitations” Imposed by Trump”

An Opposition Group Urges the EU To ‘Temporarily Suspend’ Its Agreement With Cuba

The Council for Democratic Transition argued that the Havana regime sells “an image and narrative of modernization, without assuming real commitments to political openness or the improvement of human rights.” EFE (via 14ymedio), Havana, 4 February 2025 — On Tuesday, the Council for the Democratic Transition in Cuba (CTDC), one of the main opposition groups … Continue reading “An Opposition Group Urges the EU To ‘Temporarily Suspend’ Its Agreement With Cuba”

The US Reinstates and Expands the Restricted List of Cuba for Certain Business Transactions

Trump Administration Adds Orbit, “a Remittance Processing Company Operating for or on Behalf of the Cuban Military” to the list EFE/14ymedio, Washington/Havana/ 1 February 2025 — The new US Secretary of State, Marco Rubio, approved this Friday the reinstatement of the Restricted List of Cuba, a “black list” that bans certain transactions with companies under … Continue reading “The US Reinstates and Expands the Restricted List of Cuba for Certain Business Transactions”

Cimex and Caribe Will Open Dollar Stores in All Cuban Provinces

Instead of coins, customers who pay with cash must accept their change in the form of candies or ‘other products available by the cash registers’ 14ymedio, Madrid, 30 January 2025 — The military conglomerate Gaesa plans to progressively expand trade in dollars to a large number of establishments in its network through Tiendas Caribe and … Continue reading “Cimex and Caribe Will Open Dollar Stores in All Cuban Provinces”

The Opening of the Hotel in the Controversial K Tower in Havana Is Delayed

As ’14ymedio’ confirmed, the works are not yet finished. 14ymedio, Jose Lassa, Havana, 17 January 2025 — The opening of the Iberostar Cuba Selection, which occupies the controversial new skyscraper at 23 and K, in Havana’s Vedado, did not occur on January 15, as announced by Havanatur, which promotes the hotel managed by the Spanish … Continue reading “The Opening of the Hotel in the Controversial K Tower in Havana Is Delayed”

Cuban Regime Releases 553 Prisoners in Exchange for Its Exclusion From the US List of Sponsors of Terrorism

Biden announced his decision an hour before the Havana declaration, which links the releases to a negotiation with the Vatican 14ymedio, Madrid, 14 January 2025 — Cuban President Miguel Díaz-Canel has informed the Vatican of his decision to release “553 people sanctioned in due process for various crimes contemplated by law,” the Ministry of Foreign … Continue reading “Cuban Regime Releases 553 Prisoners in Exchange for Its Exclusion From the US List of Sponsors of Terrorism”

Cuban Government Opens a High-End Supermarket that Only Accepts Dollars in Cash or Card

The move is a sign that “dollarization” of the economy — something Prime Minister Manuel Marrero has spoken about— is going ahead along with the end of the MLC 14ymedio, Juan Diego Rodríguez/Olea Gallardo, Havana, 3 January 2024 — The new 3rd and 70th Supermarket, which opened on Tuesday on the ground floor of the … Continue reading “Cuban Government Opens a High-End Supermarket that Only Accepts Dollars in Cash or Card”

With a Hotel Occupancy of 25 Percent, Cuba’s Tourism Revenues Fell by Almost 62 Percent in Five Years

“Despite an investment of more than 24 billion dollars, the results show an alarming decline,” says Cuba Siglo 21 14ymedio, Madrid, November 25, 2024 — The most recent report on tourism in Cuba signed by the consultant Emilio Morales, published by the organization Cuba Siglo 21 this Monday and based on the information published in … Continue reading “With a Hotel Occupancy of 25 Percent, Cuba’s Tourism Revenues Fell by Almost 62 Percent in Five Years”

The Minister of Health Inaugurates a Hospital in Angola Where 20 Cuban Doctors Work

14ymedio, Havana, October 21, 2024 — The Minister of Public Health of Cuba, José Ángel Portal Miranda, inaugurated the Comandante Raúl Díaz Argüelles general hospital on Monday, in the Angolan province of Cuanza Sur, where 20 Cuban doctors work. The official highlighted the collaboration between the two nations and confirmed that 1,243 specialists from the … Continue reading “The Minister of Health Inaugurates a Hospital in Angola Where 20 Cuban Doctors Work”