Via the Iran Project, a report that Iran and Cuba agreed to increase trade relations through the development of joint trade and economic cooperation: Iranian Minister of Industry, Mine and Trade Seyyed Reza Fatemi Amin announced the development of 34 opportunities and grounds for joint trade and economic cooperation between Iran and Cuba in his meeting with […]
Read more »Via Vice, a report on Cuba’s efforts to make its own smartphone: The Cuban government is gearing up to produce what almost every Cuban wants – unless it’s made in Cuba. A new smartphone. The project is part of Cuba’s attempt to catch up to the tech revolution — although on its singular terms. In […]
Read more »Via STRATFOR (subscription required), a report on Cuba’s recent privatization initiatives: Cuba’s decision to allow private sector involvement in additional areas of the economy represents a modest move toward free-market policies that will allow some domestic companies to scale up operations and attract moderate levels of foreign investment, even as crucial sectors of the economy […]
Read more »Via The Economist, a look at Cuba and Venezuela’s hesitant efforts to open up to market-based activities: Deep down, we are one single government, one single country,” said Venezuela’s loquacious president, Hugo Chávez, of the relationship with Cuba in 2007. Fidel Castro, Cuba’s ailing revolutionary leader, was like a father to him. Venezuela provided millions […]
Read more »Courtesy of The Economist, a look at Cuba’s economic plan: Long queues and empty shelves are old news in Cuba. Recently, though, the queues have become longer and the shelves emptier. Food is scarcer than it has been since the collapse in 1991 of the Soviet Union, which supported the island’s communist regime. Now shoppers […]
Read more »Courtesy of The Economist, an article on Cuba’s economy: GABRIEL and Leo have little in common. Gabriel makes 576 Cuban pesos ($23) a month as a maintenance man in a hospital. Leo runs a private company with revenues of $20,000 a month and 11 full-time employees. But both have cause for complaint. For Gabriel it […]
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