Search results
Results From The WOW.Com Content Network
The economic situation has led to once-unimaginable public shows of discontent, as well as to the biggest emigrations in Cuba’s history. Almost 425,000 Cubans crossed the U.S.-Mexico border in ...
The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
Cuba in three years has approved 11,355 private businesses. The sector's employees, together with 600,000 self-employed workers in Cuba, now account for 25% of jobs and 15% of imports, according ...
Cuba is struggling to secure enough milk for children, a minister said, in the latest shortage putting strain on a decades-old subsidies scheme created by the late Fidel Castro. Milk deliveries ...
On 17 March and 18 March 2024, blackouts alongside a poor harvest and food shortages [29] [6] [30] caused [7] [8] widespread protests primarily in Santiago de Cuba, Cuba's second largest city, during which three people were arrested. [5] [31] Cuba accused the government of the United States of stirring up unrest, an accusation that the United ...
In 2020, the economic situation in Cuba worsened. The Cuban economy contracted by 10.9% in 2020, and by 2% in the first six months of 2021. [11] The economic crises emerged from a combination of factors, [46] [47] including reduced financial support (subsidized fuel) from Cuba's ally Venezuela, the United States embargo against Cuba and United States sanctions (tightened by the Trump ...
Cuba has been under punishing U.S. sanctions for decades, which the Cuban government largely blames for their economic woes. The country’s Soviet-style, centrally planned economy has also ...
The loss of Soviet trade which comprised 80% of the islands foreign trade, created an economic crisis called the "Special Period" in Cuba which was defined by mass shortages. The Cuban government quickly began focusing on developing tourism on the island as the only economic sector that was believed to be able to regrow the Cuban economy. [9]