Search results
Results From The WOW.Com Content Network
Cuba's GDP plummeted 34% and trade between the nations apart from the Council of Mutual Economic Assistance (CMEA) declined by 56%. [93] Between 1989 and 1992 (the Special Period), the termination of trade partnerships with the Soviet bloc caused the total value of Cuba's exports to fall by 61% and imports to drop by approximately 72%. [94]
After 1971, Cuba entered its "grey years:, which are a loosely defined period in Cuban history, generally agreed to have started with the Padilla affair in 1971. [173] The "grey years" are often associated with the tenure of Luis Pavón Tamayo ( de ) as the head of Cuba's National Cultural Council (" Consejo Nacional de Cuba ", or CNC) from ...
This trend can be seen in other colonial Caribbean communities with direct political ties with the global economy. Cuba's primary import partner is Venezuela. The second-largest trade partner is China, with a 16.9% share of the Cuban export market. [116] Cuba began courting foreign investment in the Special Period.
The Cuban government promoted the island as an exotic yet convenient destination, and by the 1950s, tourism had become a cornerstone of the Cuban economy. [ 2 ] However, the rise of organized crime and significant American mafia influence in Havana's casinos and hotels began to tarnish Cuba's image.
Cuba's economy demands about 125,000 barrels per day of fuels, including motor gasoline, diesel and fuel oil for electricity generation, according to the most recently available 2021 data from its ...
Cuban authorities allow up to 125,000 people to depart Cuba by boat from Mariel harbor for the U.S. The Cuban and U.S. governments agree to halt the exodus in October. 7 June: U.S. President Jimmy Carter orders the U.S. Justice Department to expel any Cubans who committed "serious crimes" in Cuba. [20] 1983: 25 October
Sugar Mill, Matanzas Province, Cuba (1898) Spain began growing sugarcane in Cuba in 1523, but it was not until the 18th century that Cuba became a prosperous colony. The outbreak of the Haitian Revolution in 1791 influenced Cuban planters to demand the free importation of slaves and the easing of trade relations in an effort to replace Haiti as the main sugar producer in the Caribbean.
Amid economic and political turmoil, Cuba has received at least $322 million worth of oil from Russia since the start of the war in Ukraine as authorities struggle to offset diminished shipments ...