The flurry of news emanating from the U.S between June and October concerning the possible lifting of travel restrictions seems to have died down. Many consider this is because Cuba is refusing to reciprocate or make any democratic concessions whatsoever. Others are suggesting that Raul Castro sees the arrival of millions of US citizens to [...]
In another sign that Cuba´s economy is walking a financial tight rope the government is set to abolish the CUC or Cuban Convertible Peso by March 2010.
Introduced as the brain child of Fidel Castro in a measure to eradicate the U.S Dollar and also reduce the value of remittances, the CUC was an effective method [...]
Cuba´s economy, fundamentally dependent on tourism, continues to ruin relations with Travel professionals and foreign operators located on the island or worldwide. The primary motives being the dreaded “stop sales” emanated by Cuban firms and tourist enterprises to their foreign partner’s months before the next high season approaches with apparently no sales concluded for the [...]
We Reported: July 15th 2009 & July 11th 2009
Today’s news from Reuters September 29th 2009
* Many foreign business accounts blocked in Cuba
* Businessmen complain government offers no explanations
* Cash squeeze after global downturn, hurricane cleanup
HAVANA - Many foreign suppliers and investors in Cuba are still unable to repatriate hundreds of millions of dollars from local [...]
US and Cuban diplomats grow closer to a diplomatic understanding after a high level diplomat spends an extra 5 days in Cuba after the much anticipated direct mail service talks.
It is expected that the talks are nothing more than a preparation between the two countries than, preliminary talks on how to lift the embargo and [...]
If America’s spy satellites are trained on Cuba at this very moment, they’re likely to reveal local tourism officials puffing away on celebratory Cohibas. The reason? While tourism is down big-time across the rest of the Caribbean, tourist arrivals to the Communist isle are up 3.1 percent, year to date. Compare that with Bermuda, Anguilla [...]
Me llamo José Fernández González. No hay nada peculiar en mi nombre, en mis apellidos o en mis antecedentes familiares. Nací hace 56 años en España, mi país, y allí viví y trabajé honrada y exitosamente hasta que cometí un error romántico: hace un poco más de 20 años, en 1980, me enamoré de Cuba, [...]
Back in the early nineties a report was submitted to Fidel Castro concerning the threat against national security the growing dependence on foreign remittances was becoming for Cuba´s economy. The main preoccupation stemming from a government sanctioned ban on approved US remittances by George Bush. In many respects this transpired under Bush who capped remittances [...]
In yet another sign that Cuba is impatient to heel to the US and, probably more related to financial needs than actual desire, Raul Castro repeated with and air of impatience on Saturday that he is ready and willing to talk to the US….Again. It is now common knowledge that Cuba´s finances may not bring [...]
For those Cuban´s who use bicycles as their only means of transport the absence of the Ticker at the US interest section in Havana, erected in 2006, is a disaster. Used as a distance calculator during blackouts it emitted crimson light along the Malicon on the dangerous corner at Tangana. Its conspicuousness also touted the brazenness [...]
