Government expands private business activities exponentially
Source : Johannes Werner Sat Feb 06, 07:51 pm ESTInstead of telling license applicants what their businesses are allowed to do, new regulations now tell entrepreneurs where they are not allowed to go.
Going way beyond cell phone repair: Private businesses are now allowed to engage in more than 2,000 types of activities. Photo Marcel601/Wikimedia
Previous Top Stories
Economy
Cryptocurrency in Cuba: Opportunities and limitations
U.S. sanctions and fear of inflation have produced a mini-crypto boom in Cuba. But limitations abound.
Currency unification delivers triple shock, and then gradual recovery
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Reuters: Tourists trickle back to Havana despite tough COVID-19 protocols
Reuters: Cuba to allow fewer flights from United States and four other countries
Companies
Muthu adds seventh hotel in Cuba
The property in Guardalavaca Beach is under construction, as are two high-profile hotels in Havana Muthu has taken on.
European fund invests in industrial park at Mariel
Cruise giant says it’s ready for reopening of Cuba
New Cuban spirit brand makes small splash
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CBS 4: American Airlines to resume scheduled service Miami-Havana Nov. 4
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Politics
Democratic lawmakers urge Biden to begin Cuba easing
Five weeks into his administration, the new president has yet to move on easing any of the restrictions imposed by Trump
Analysis: Scenarios for the upcoming Party congress
Analysis: On the way to market socialism, Cuban-style
U.S. crackdown on crypto services continues
Reuters: Cuba warns Colombia of possible ELN rebel attack
Reuters: Biden administration to review Trump policy on Cuba
Reuters: Cuba needs deeper economic reforms, creditors say
AP: U.S. diplomats in Cuba, China likely targeted with microwave radiation
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Data & Maps
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Less dependency on goods exports — in part due to a collapse of production
Cuba is no longer a country whose economy depends solely on the export of goods. This is not necessarily good news, however, because this change happened not only due to a diversification of sources of income — which has indeed been implemented — but because it is also the result of a collapse in the production of exportable goods.
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A first for Havana: The Jan. 27 tornado and its destruction
According to the construction ministry, 3,780 dwellings were affected; of those, 372 are completely destroyed, 518 are partially destroyed. More than 500 roofs were lost and more than 1,800 damaged.
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Cuba’s crude oil and natural gas output has practically been stagnating since 2003.
In fact, production of oil fields in the old Havana province (now Mayabeque province), including those of Guanabo, Boca de Jaruco, Santa Cruz and Puerto Escondido, decreased by one-third (-32.1%) over the past 10 years, from a record 1.87 million tons of oil, or 32,350 b/d*.
Meanwhile, yields in Matanzas province helped offset the decline in Havana/Mayabeque. Oil output at the Seboruco, Varadero-Cárdenas, Cantel and Majaguillar fields grew by one-third (34.4%) in the same period, to a record 1.54 million tons or 26,670 b/d in 2015.
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CSETI
Cuba Standard Economic Reports 1
Cuba Standard Economic Reports 2
