Category Archives: Cuban Economy

President Miguel Díaz-Canel Bermúdez; reviews key development programs

http://en.granma.cu/
Díaz-Canel reviews key development programs
Analyzed during the meetings were programs addressing the agriculture and livestock sector; food and beverage processing; as well as renewable resources and efficiency in energy use

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The review meetings were headed by President Miguel Díaz-Canel Bermúdez; Salvador Valdés Mesa, First Vice President of the Councils of State and Ministers; José Ramón Machado Ventura, second secretary of the Communist Party of Cuba; Comandante de la Revolución Ramiro Valdés Menéndez; and Ulises Rosales del Toro, a Council of State vice president. Photo: Estudio Revolución
During meetings held over the last few days, the President of Cuba’s Councils of State and Ministers, Miguel Díaz-Canel, reviewed progress being made in programs addressing the agriculture and livestock sector; food and beverage processing; as well as renewable resources and efficiency in energy use – programs he described as key to the country’s sustainable development.

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Blockade must end if Cuba-U.S. relations are to advance Ministry of Foreign Relations announces

Blockade must end if Cuba-U.S. relations are to advance
Ministry of Foreign Relations announces Cuba-U.S. Bilateral Commission to meet in Havana May 16

Author: Sergio Alejandro Gómez | internet@granma.cu
may 13, 2016 09:05:18

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Photo: Ismael Francisco
While Cuba and the United States have made important progress over the last 17 months, economic and commercial relations continue to be hampered by the blockade which remains in full force despite modifications, the Ministry of Foreign Relations (Minrex) reported yesterday, May 12, in a press conference.

Gustavo Machín – the Ministry’s deputy director for the U.S. – announced that set to take place in Havana, this coming May 16, is the third meeting of the Cuba-U.S. Bilateral Commission, created in August of 2015 to organize the development of ties following the reestablishment of diplomatic relations.

During this meeting, agreements reached at the last gathering, held in Washington in November, will be reviewed, as well as progress made since the Commission’s first meeting, September 11, 2015, Machín reported.

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Cubans welcomed the announcement on April 22 of a reduction of up to 20% in the price of certain products, the majority foodstuffs.

Reduction in food prices of up to 20%
Cubans welcomed the announcement on April 22 of a reduction of up to 20% in the price of certain products, the majority foodstuffs.

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Author: Redacción Nacional | internet@granma.cu
april 28, 2016 10:04:29

Cubans welcomed the measure designed to increase the population’s purchasing power over the short term.
Cubans welcomed the announcement on April 22 of a reduction of up to 20% in the price of certain products, the majority foodstuffs.
The Ministry of Finance and Prices highlighted in an informative note published the same day in the national press, that the Central Report to the 7th Party Congress, held April 16-19, states that “salaries and pensions are still insufficient to meet the needs of the Cuban family.”
The note adds that although the definitive solution to this complex situation will only be reached through an increase in the productivity and efficiency of the national economy, “the political will of the Party and government leadership to do everything possible to improve the situation of the population in the context of existing limitations, as well as a drop in food prices on the world market,” have led to the adoption of such measures, which aim to gradually increase the population’s purchasing power over the short term.
The announcement had an immediate impact: “Great news, I think the country’s policies should continue along this line, not only with well deserved wage increases based on greater productivity, but by continuing to reduce prices, above all of basic and essential products,” stated Jorge Luis, one of the many readers who expressed his reaction to the measure on the Granma website.
Cuba is currently in the process of updating its economic model in order to build a prosperous and sustainable socialism. As President Raúl Castro stated at the close of the recently held 7th Party Congress, this process demands “that the principles of justice and equality, which have served as the Revolution’s foundation, be preserved and strengthened.”
The Communist Party of Cuba First Secretary added, “A Revolution of the humble, by the humble and for the humble, as Fidel defined it, with undeniable social works constructed, will never find solutions to its problems behind the backs of the people, or with the restoration of capitalism, which would imply the application of shock therapies to layers of the population with the least resources, and destroy the unity and confidence of the majority of our citizens in the Revolution and the Party. In Cuba, I reiterate once again, no one will be left to their fate.”