Search results for: MSME

Eight Years in Prison for a Business Manager in Sancti Spíritus, Cuba, for Corruption

The official newspaper Escambray reveals the information in an article dedicated to the “intolerance” of the Communist Party for these cases 14ymedio, Madrid, May 27, 2024 — Alexis Fuentes de La Cruz, director of the Sancti Spíritus Municipal Commerce Company between May 2022 and July 2023, has been sentenced to eight years in prison for … Continue reading “Eight Years in Prison for a Business Manager in Sancti Spíritus, Cuba, for Corruption”

Cuba: The Challenge of Practicing Journalism in a Dictatorship

Independent media in Cuba are the vanguard of the process of building democracy 14ymedio, May 22, 2024 — Being a journalist is not being an activist. Journalism is not called to the ranks of any political party or ideology, but rather to report facts of general interest that prove that they are true, and with … Continue reading “Cuba: The Challenge of Practicing Journalism in a Dictatorship”

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”

‘Che’ Guevara’s Daughter Attacks Small/Private Businesses and Accuses Them of ‘Facilitating the Entry of Drugs’ Into Cuba

Aleida Guevara March believes that the solution to inflation that she attributes to the private sector is to regulate prices 14ymedio, Madrid, 13 May 2024 — Aleida Guevara, the eldest of the children of Ernesto Che Guevara and his wife Aleida March, declares war on micro, small, and medium-sized businesses (MSMEs) in an interview with … Continue reading “‘Che’ Guevara’s Daughter Attacks Small/Private Businesses and Accuses Them of ‘Facilitating the Entry of Drugs’ Into Cuba”

A Spanish Bank Leaves Cuba as a Russian Bank Opens Offices in Havana

14ymedio, Havana, May 1, 2024 — Two resolutions adopted by the Central Bank of Cuba (BCC) have become a symbol of the financial future towards which Havana seems to be moving. In a announcement published on Tuesday in the “Official Gazette,” the bank indicated that it has accepted a request by Spain’s Banco Bilbao Vizcaya … Continue reading “A Spanish Bank Leaves Cuba as a Russian Bank Opens Offices in Havana”

‘Propaganda Artist’ Tours Havana’s Agricultural Markets

On the eve of May 1, posters fill everything from state stalls to ’MSMEs’ connected to the regime 14ymedio, Juan Diego Rodríguez, Havana, 30 April 2024 — With a cap, backpack and the gestures of an artist, a “compañero” – it is not known if sent by the Party or the municipal government – ​​walked … Continue reading “‘Propaganda Artist’ Tours Havana’s Agricultural Markets”

Cuba Seeks To Confront the Food Debacle With Capital From the United States and Spain

Industrial food production on the Island fell 66.7% between 2018 and 2023 14ymedio, Havana, 14 May 2024 — Asphyxiated by the food crisis, the Cuban Government sent the president of the Chamber of Commerce, Antonio Carricarte, to Spain this week to convince several businessmen to invest in food production on the Island. At the same … Continue reading “Cuba Seeks To Confront the Food Debacle With Capital From the United States and Spain”

Cuban President Díaz-Canel Explains His Theory About the ‘Blockade’ in Another ‘Two-Voice Monologue’ With Ramonet

The journalist presented the interview in three “blocks,”,domestic policy, economy and foreign policy, but the three merged without remedy or distinction 14ymedio, Havana, 15 May 2024 — The word “blockade” was uttered a total of 62 times in the interview that Cuban President Miguel Díaz-Canel held with Franco-Spanish Ignacio Ramonet on May 11 at the … Continue reading “Cuban President Díaz-Canel Explains His Theory About the ‘Blockade’ in Another ‘Two-Voice Monologue’ With Ramonet”

The Lack of Electricity Paralyzes Businesses and Life in Matanzas, Cuba

Small businesses dedicated to the food trade are others are affected, and the annoyance of their owners who, in addition to income, lose part of their merchandise, is increasing . 14ymedio, Julio César Contreras, Matanzas, 14 May 2024 — Aurelio has not been able to serve any customers this Tuesday in his cell phone repair … Continue reading “The Lack of Electricity Paralyzes Businesses and Life in Matanzas, Cuba”

Why Are Cuba’s Provincial Governors Being Fired?

Though replacing provincial leaders is something that happens fairly regularly, the sheer number of party cadres who have been removed from office recently suggests that top military officials are concerned about something. 14ymedio, Miguel Alejandro Hayes, Miami, May 2, 2024 — Something is going on up there. Over a dozen senior officials have been removed … Continue reading “Why Are Cuba’s Provincial Governors Being Fired?”

Private Businesses in Matanzas Present Customers with Both Opportunities and Challenges

 If there is one thing that bothers local residents it is that buying something at an MSME is becoming as difficult as doing it at a state-run store 14ymedio, Julio César Contreras, Matanzas, May 1, 2024 — For years now, one could map the layout of Matanzas by following the trail of the small and … Continue reading “Private Businesses in Matanzas Present Customers with Both Opportunities and Challenges”

Unable to Control the Collapse of the Cuban Peso, the Regime Intensifies its Offensive Against ‘El Toque’

The intention of the independent media, says Banco Metropolitano, is to reach 11 July 2024 with the US currency at 480-500 pesos 14ymedio, Madrid, 3 May 2024 — On Thursday, 2 May, Cuba’s Metropolitan Bank (BM) launched a WhatsApp channel with which it plans to counteract the “induced inflation” that, according to the entity, is … Continue reading “Unable to Control the Collapse of the Cuban Peso, the Regime Intensifies its Offensive Against ‘El Toque’”

A Capitalist Symbol of the 1950s, Ten Cent Is Revived as a Private-Sector Retail Business in Cuba

 •”Eat, Drink and Be Merry for Life is Short!,” reads a sign at the entrance on Carlos III Street* • The privately-owned business has taken over a sizable portion of a state-run pharmacy, which now has only a single counter to serve customers. Juan Diego Rodríguez, Havana, 30 April 2024 — The broad avenue in … Continue reading “A Capitalist Symbol of the 1950s, Ten Cent Is Revived as a Private-Sector Retail Business in Cuba”

The Hard Life of a Cuban ‘Mule’ to Supply her Business

María travels to Guyana, Russia, Peru, Colombia or Venezuela to sell Cuban products and buy as cheaply as possible for her store in Camajuaní 14ymedio, Yankiel Gutiérrez Faife, Camajauní (Villa Clara Province, Cuba), 13 April 2024 — At age 42, María does not allow herself to waste one second. She gets up at 7:30 am, … Continue reading “The Hard Life of a Cuban ‘Mule’ to Supply her Business”

In Cuba One Egg, a Common Food, Now Costs More Than the Daily Pension of a Retiree

Eggs cost 3,500 pesos per carton of 30 in the informal market, compared to 2,000 a year ago 14ymedio, Havana, 14 April 2024 — In the ’80s, when the Soviet subsidy had created the mirage of prosperity in Cuba, in primary schools, along with names and mockery for physical appearance, it was common to insult … Continue reading “In Cuba One Egg, a Common Food, Now Costs More Than the Daily Pension of a Retiree”