Via World Politics Review, a look at Cuba’s current economic crisis: Cuba is suffering. That was the inescapable conclusion from a recent trip to the island. The aged electrical grid is collapsing for lack of maintenance and spare parts, causing sporadic blackouts across the island. Factories bereft of raw materials and electricity are only operating […]
Read more »Via Eurasia Review, commentary on Cuba’s black markets and economic condition: Black Markets have always been regarded as networks where buyers and sellers transact goods and services notorious for being morally wrong. Things like hard drugs, illegal prostitution, or guns that are not registered are among the many elements people cite when someone introduces the […]
Read more »Via Reuters, an article on Cuba’s efforts to seek help to end its economic crisis: China, Russia, Algeria and Turkey have pledged to restructure Cuba’s debt, provide new trade and investment financing, and help ease an energy crisis, Cuban President Miguel Diaz-Canel told state-run media following a rare trip abroad last week. Any help would be […]
Read more »Via Reuters, a report on new Chinese support to Cuba: China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders. Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to […]
Read more »Via Oil & Gas Daily, a report on Cuba’s search for energy sector support and oil: Cuban President Miguel Diaz-Canel started a tour Wednesday of Russia, China, Turkey and Algeria, hoping to boost his country’s struggling energy sector in the midst of prolonged blackouts and fuel shortages. The president said on Twitter the tour was […]
Read more »Via The Frontier Post, a report on the challenges facing Cuba’s agricultural sector caused by climate change: Yordán Díaz Gonzales pulled weeds from his fields with a tractor until Cuba’s summer rainy season turned them into foot-deep red mud. Now it takes five farmhands to tend to Díaz’s crop. That shrinks Diaz’s profit margin and […]
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