Search results for: MSME

September Rumors in Cuba: Soldiers in Russia, Splurges for the G-77, Punishment for Small Private Businesses

14ymedio/Yucabyte, Havana, 18 October 2023 — In a context of maximum international tension, the news that there were Cuban soldiers fighting in the service of Russia during the invasion of Ukraine generated countless rumors. Meanwhile, on the Island, the leaders did not give an official explanation, and soon – after the arrival in Havana of … Continue reading “September Rumors in Cuba: Soldiers in Russia, Splurges for the G-77, Punishment for Small Private Businesses”

Cuba’s Deputy Foreign Minister Compares ’11J’ Protests in Cuba With the Assault on the U.S. Capitol

14ymedio, Madrid, 3 October 2023 — The Deputy Minister of Foreign Affairs of Cuba, Carlos Fernández de Cossío, has compared the anti-government demonstrations of 11 July 2021 [’11J’] in Cuba with the assault on the Washington Capitol on January 6 of that same year. In an interview with WLRN radio station, located in South Florida, … Continue reading “Cuba’s Deputy Foreign Minister Compares ’11J’ Protests in Cuba With the Assault on the U.S. Capitol”

Emigrate or Start a Business? Most Cubans Prefer to Leave

14ymedio, Havana, 13 October 2023 — The conclusion of the most recent report by the online opposition platform Cuba Siglo 21 (21st Century Cuba) on the emergence of small and medium-sized companies (MSMEs) on the island is that they have been a resounding failure. Designed as an attempt to breath life into the Island’s moribund … Continue reading “Emigrate or Start a Business? Most Cubans Prefer to Leave”

Imports of Chicken From the United States Skyrocket and Even the Cuban Army Sells It in Its Markets

14ymedio, Havana/Madrid, 9 October 2023 — The arrival of  American chicken in Cuba has multiplied to such an extent that on Saturday it landed in Havana’s Nuevo Vedado market of the Youth Labor Army itself, the agro-market of the Cuban Armed Forces. In August, imports from the United States recorded absolute record figures, both in quantity … Continue reading “Imports of Chicken From the United States Skyrocket and Even the Cuban Army Sells It in Its Markets”

Diplomarket, the ‘Cuban Costco’, in the Hands of a Front Man for the Regime

14ymedio, Juan Diego Rodríguez/Olea Gallardo, Havana, 11 October 2023 — The opening of a wholesale supermarket in Havana under the name Diplomarket in December last year went unnoticed. Only an ad on Instagram for the company, dedicated until then only to online purchases and shipping, gave an account of the opening of the establishment, located … Continue reading “Diplomarket, the ‘Cuban Costco’, in the Hands of a Front Man for the Regime”

What is behind Cuba’s Small Private Companies?

14ymedio, Orlando Gutierrez-Boronat, Miami, 9 October 2023 — Lately, many have witnessed the apparent growth of small and medium-sized businesses (MSMEs) in Cuba, a development characterized by the regime as a step towards economic freedom and development. However, behind the facade lies a much more complex reality. The regime in Havana is making a visible … Continue reading “What is behind Cuba’s Small Private Companies?”

Cuban Government Wants to Fix and Manage ‘Distortions’ in Small and Medium-Sized Businesses

14ymedio, Havana, 7 October 2023 — Cuban Prime Minister Manuel Marrero confirmed on Friday that a government commission is working on new legislation for small and medium-sized businesses (MSMEs). In a meeting with 470 attorneys, consultants and legal advisors, he said that the goal of the regulation is to fix and manage “distortions” that have … Continue reading “Cuban Government Wants to Fix and Manage ‘Distortions’ in Small and Medium-Sized Businesses”

The Disaster of the Communist Business Model in Cuba

14ymedio, Elías Amor Bravo, Economist, 5 October 2023 — In a recent discussion on the Cuban State TV Roundtable program, the issue of the relationship of the ’regulated family basket’ [the monthly allotment of rationed goods] to banking was addressed by the Minister of Internal Trade (MINCIN), Betsy Díaz. She spoke about the increase in … Continue reading “The Disaster of the Communist Business Model in Cuba”

A Costa Rican Company to Export Eggs and Gourmet Coffee to Cuba

14ymedio, Madrid, 2 October 2023 — The Costa Rican company that shipped twenty-four tons of meat to Cuba in August will export flavored beverages, soft drinks, fruit purees, bottled water, coffee and eggs to the Island in the coming days. The company claims that it has the capacity to operate 150 containers and that it … Continue reading “A Costa Rican Company to Export Eggs and Gourmet Coffee to Cuba”

Cubans Go without Food as the State Grants Concessions to Government-Controlled Businesses

14ymedio, Havana, September 27, 2023 — Three independent organizations released a statement on Tuesday calling on the Cuban government to grant greater economic and market freedoms to address the structural crisis facing the country. The League of Independent Farmers, the Latin American Federation of Rural Women and the Independent Trade Union Association of Cuba also … Continue reading “Cubans Go without Food as the State Grants Concessions to Government-Controlled Businesses”

Private Stores Selling Imported Clothing Outperform State-Sponsored Second-Hand Stores

14ymedio, Havana, 26 September 2023 — The Cuban government had planned to import six shipping containers of second-hand clothing from Canada, India and other countries but, with just a few months till year’s end, none of them has shown up at the nation’s ports. The low-quality garments, which cost the country 1.32 million dollars in … Continue reading “Private Stores Selling Imported Clothing Outperform State-Sponsored Second-Hand Stores”

First Meeting in Miami of Cuban Small Businesspeople With Cuban-American Businesspeople

14ymedio, Madrid, 26 September 2023 — About 70 businesspeople living on the Island have been attending an event in Miami this Monday, sponsored by Cuban-Americans who are trying to give wings to the private sector in Cuba, according to El Nuevo Herald on Tuesday. Both the trip and the seminar are organized by a law … Continue reading “First Meeting in Miami of Cuban Small Businesspeople With Cuban-American Businesspeople”

The Christian Democratic Party of Cuba Warns the United States Against the Small Businesses Linked to the Regime

14ymedio, Havana, 21 September 2023 — The Christian Democratic Party of Cuba (PDC, for its initials in Spanish) warned the Administration of U.S.  President Joe Biden on Wednesday that a lifting of economic restrictions on Cuban micro, small and medium-sized enterprises (MSMEs) will only serve to “give oxygen” to the Island’s regime. The measures, which … Continue reading “The Christian Democratic Party of Cuba Warns the United States Against the Small Businesses Linked to the Regime”

Cuban President Diaz-Canel Suggests Changes in the Law To Authorize Investments by Cuban Americans on the Island

14ymedio, Havana, 23 September 2023 — Miguel Díaz-Canel met this Friday behind closed doors, in New York, with a group of U.S. businessmen, several of them Cuban Americans, to discuss the “new business opportunities” they may have in Cuba, thanks to several economic “transformations” prepared by Havana. Although the president did not offer other details … Continue reading “Cuban President Diaz-Canel Suggests Changes in the Law To Authorize Investments by Cuban Americans on the Island”

August Rumors: Banking Rules Killing Small Businesses plus Mariela Castro, a Porsche and Crooked Cops

14ymedio/Yucabyte, Havana, September 22, 2023 — What’s driving the Cuban government to adopt new banking measures in the midst of a nationwide cash shortage? Which restaurants in Havana are being secretly managed by the children and grandchildren of senior Armed Forces’s officials? What event will get so out of control that the island’s frustrated inhabitants … Continue reading “August Rumors: Banking Rules Killing Small Businesses plus Mariela Castro, a Porsche and Crooked Cops”