Central Bank limits phone minutes’ role as alternative currency
CUBA STANDARD — Phone minutes, which have emerged as a sort of alternative currency for remittances since the…
Electric utility announces rolling blackouts
CUBA STANDARD — After weeks of sometimes repeated breakdowns at the country’s crumbling thermoelectric power plants, state utility…
Cuba seeks WHO approval for its vaccines
CUBA STANDARD — The Cuba representative of the World Health Organization held talks with BioCubaFarma executives about emergency-use…
Cuban central bank officially recognizes crypto currencies
CUBA STANDARD — Cuba’s central bank officially recognized the use of crypto currencies. Resolution 215, published Aug. 26…
Cuba allows private businesses to incorporate, limits size to 100 employees
CUBA STANDARD — After a decade of announcements and high expectations for a key reform measure, the Cuban…
Cuba grants license to Cuban American business
CUBA STANDARD — Miami businessman Hugo Cancio might just have become the first Cuban American to officially do…
Iran to begin producing Cuban vaccine
CUBA STANDARD — Iran in early August will begin manufacturing millions of doses of a Cuban-developed COVID-19 vaccine,…
Cuba adds incentives for clean-energy investors
By Andreas Knobloch Creating new incentives for the development of renewable energies, Cuba now exempts foreign investors in…
French development agency takes over management of debt fund
CUBA STANDARD — French development agency AFD, which opened an office in Havana in 2016, took over the…
Analysis: The unachievable goal of 6%
By Domingo Amuchastegui Economy Minister Alejandro Gil Fernández is one of the most talented heads in the current…
Q&A: Cause and effects of Cuba’s cash-dollar measure
As a former Central Bank economist, Pavel Vidal sits in the catbird seat when it comes to the Central Bank’s order that state banks stop accepting cash U.S. dollars as of June 21
Cuban banks stop accepting cash dollars
Arguing that U.S. sanctions make it increasingly difficult to unload cash dollars in third countries, Cuba's Central Bank ordered all banks to stop accepting U.S. currency in cash.
Paris Club creditors grant Cuba more time
CUBA STANDARD — A group of creditors organized in the Paris Club said they agreed to grant Cuba…
International pandemic program to be based in Havana
The €3 million program includes the University of Havana, Charité Berlin, Martin-Luther-Universität Halle-Wittenberg, and Universidad Autónoma de México (UNAM).
Cuba takes step towards incorporation for private businesses
CUBA STANDARD — In a long-awaited move, the Council of Ministers gave the go-ahead to create a new…