Search results for: pedro monreal

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”

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”

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”

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”

14ymedio, Havana, 25 February 2024 — Once again, there is no bread in Cuba due to a lack of flour. The “complex situation,” as defined by the official press, will last until the end of March, according to Emerio González Lorenzo, president of the Food Industry Business Group. Although the state media say that the … Continue reading “Cubans and Tourists Are Without Bread Until the End of March, Despite a Donation of Russian Wheat”

14ymedio, Madrid, February 7, 2024 — A few hours before the start of State TV’s Round Table program, where the Minister of Tourism, Juan Carlos García Granda, was scheduled to attend, the Cuban economist Pedro Monreal asked a very direct question on the social platform X. “Could the Minister of Tourism report the rates of … Continue reading “The Cuban Government Defends Waste in Tourism Even if It Doesn’t Benefit Other Sectors”

14ymedio, Havana, 6 February 2024 — The regime’s concern about the current crisis has led the official newspaper of the Communist Party of Cuba to once again publish the Economy section, which will appear in Granma on a weekly basis. Its first article, signed by Joel Ernesto Marill Domenech, author of several texts with proposals … Continue reading “While the Euro Reaches 300 Cuban Pesos, the Government Keeps Going in the Same Direction”

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”

14ymedio, Madrid, January 17, 2024 — Cuba closed the year 2023 certifying its inability to recover the tourism it had before the COVID-19 pandemic. With a final figure of 2,436,980 international visitors, the Island achieves 151% more than in 2022, but 42.8% less than in 2019. In addition, if compared to its aspirations, 3.5 million … Continue reading “Despite the Massive Arrival of Canadians and Russians, Tourism Has Not Picked Up in Cuba”

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”