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Cuban economy falls 11% in 2020

Cuba Gross Domestic Product decreased by 11% in 2020 due to the strong contraction of foreign trade, the reduction of international tourism and foreign currency income, due to the effects of the COVID-19 and the reinforcing of Washington blockade on the island

Performance of the economy on the agenda of Cuban deputies

The performance of the economy in 2020 and the definition of the plan objectives for 2021 are in the deputies schedule to the National Assembly of the People Power (ANPP) of Cuba this Thursday

Cuban retirees begin to receive advances on their pensions

One million 700 thousand Cuban retirees start receiving as Thursday an advance on their pensions, which will be increased as part of the monetary reform that will come into effect on January 1

Murillo: There will be no shock therapy in monetary reform in Cuba

The most immediate goal of the Ordering Task is the study and analysis of all the opinions voiced by the population, which are being collected thanks to the early announcement of the measures

Cuba to maintain food subsidies for children and the sick

Cuban authorities confirmed Tuesday that products destined for children and the sick will keep their current prices, despite the elimination of subsidies as part of the monetary reform starting on January 1

Cuba: Monetary Reform will favor exports

The monetary reform in Cuba will favor greater business efficiency by encouraging exports and the consumption of domestic raw materials and national products

Stability and anticipation in Cuba monetary reorganization

The development of a stable banking system that anticipates changes characterizes monetary reordering plans, said the Minister-President of the National Bank of Cuba (BCC), Marta Wilson González

New electricity rates in Cuba will protect vulnerable families

The new electricity tariffs to be implemented in Cuba as of January 1 as part of the monetary order process will protect vulnerable families and government practice in place on the island

Cuba: New wages, pensions, and social welfare benefits

In a follow up to the announcement of the monetary reform announced Thursday, a special edition of the Official Gazette published 19 resolutions of the Ministry of Labor and Social Security


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© Radio Rebelde - 2020
© Radio Rebelde - 2020