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At the same time, private businesses have been allowed to import as never before. New privately owned shops caters to those with hard currency, but for most people the economic…
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DOI: 10.1108/OXAN-DB281234
ISSN: 2633-304X
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The economy, however, is in dire straits. Widespread shortages of everyday supplies are reminiscent of the crisis that followed collapse of the Soviet Union in the 1990s. Economic…
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DOI: 10.1108/OXAN-DB254181
ISSN: 2633-304X
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CUBA: Benefits of economic reform will take time
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DOI: 10.1108/OXAN-ES259374
ISSN: 2633-304X
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CUBA: New constitution may facilitate gradual opening
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DOI: 10.1108/OXAN-ES242119
ISSN: 2633-304X
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Price hikes for petrol, electricity, water and gas are among several adjustment measures that will drive up living costs, compounding already high inflation. Meanwhile…
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DOI: 10.1108/OXAN-DB285006
ISSN: 2633-304X
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So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…
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DOI: 10.1108/OXAN-DB260020
ISSN: 2633-304X
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The long-postponed move is essential but will send shockwaves through the economy. Inflation and currency flight will soar. Salary and pension hikes will be quickly eaten up by…
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DOI: 10.1108/OXAN-DB258191
ISSN: 2633-304X
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CUBA: High prices to limit impact of new 3G service
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DOI: 10.1108/OXAN-ES240443
ISSN: 2633-304X
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The 57-year-old heir apparent -- Vice-President Miguel Diaz-Canel -- was born after the 1959 revolution and represents a symbolic generational shift. However, Castro’s continued…
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DOI: 10.1108/OXAN-DB232089
ISSN: 2633-304X
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The move comes as Cubans face a severe economic crisis and increasing hardship that is driving record outward migration. The collapse of Russian tourism and increased fuel and…