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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 ...
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 ...
Tourism accounts for more than 10% of Cuba’s economy, and is one of its few sources of hard currency. This is Cuba’s worst crisis since the 1991 collapse of the former Soviet Union, when the ...
December 4 – 2024 Cuba blackout: The entire national power grid affecting more than 10 million citizens fails after the Antonio Guiteras thermoelectric plant collapses again. [12] December 30 – Raul Ernesto Cruz, a Salvadoran national convicted for his role in the 1997 Cuba hotel bombings, is released after serving a 30-year prison sentence ...
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’s economic paralysis continued Wednesday, with the government extending the orders for all activity to remain shut down until Sunday as the island tries to recover from a nationwide ...
Despite Gil’s promises of an economic recovery in 2023, Cuba’s GDP shrank by as much as 3%, he said in December, following years of deep contractions during the pandemic and a weak recovery in ...
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 ...