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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.
After the collapse of the Soviet Union in 1991, Cuban exports declined from $5.5 billion to $1.7 billion pesos while imports fell from $7.8 billion to $2.5 billion pesos. Until this time, more than two-thirds of Cuba's sugar exports were to the Soviet Union and members of COMECON. The demand from Eastern European states fell to just 50,000 tons ...
Corporación CIMEX S.A. (from Spanish: Comercio Interior, Mercado External for "Domestic Business, External Market") is a state-owned conglomerate in Cuba involved in the import and export of goods, as well as tourism and banking. It has been called Cuba's largest commercial operation, and is headed by Colonel Héctor Oroza Busutil. [2]
Cuentapropista (Spanish: kwen.t̪a.pɾo.ˈpis.t̪a) is a Cuban term for a person who lives from his own business and is a "non-state" worker. [1] [2] The term is often used in Argentina and Uruguay as well, however, in most other Spanish-speaking countries, this would be referred to as a "trabajador por cuenta propia" and/or "trabajador autónomo".
Cuba's agricultural economy centered primarily on the sugar industry, serving as the cornerstone of the nation's exports. U.S. influence, particularly from companies like the United Fruit Company , was pervasive, with significant investments in large-scale sugar plantations and the production and export of sugar and tropical fruits to the ...
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 ...
Exports from U.S. to Cuba in December jumped from November. For premium support please call: 800-290-4726 more ways to reach us
SpanishDict is a Spanish-American English reference, learning website, [1] and mobile application. [2] The website and mobile application feature a Spanish-American English dictionary and translator, verb conjugation tables, pronunciation videos, and language lessons. [3] SpanishDict is managed by Curiosity Media. [4]