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The massive Oct . 18 power outage that virtually paralyzed Cuba’s economy for several days and the subsequent hurricane that hit the island days later have worsened an already severe economic ...
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 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 ...
“Two or three economic measures only put a Band-aid on the problem.” The U.S. and Cuba which continue to have a tense relationship have had a back-and-forth over the demonstrations, with Cuba ...
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 ...
“We have been paralyzing economic activity to generate (power) to the population,” he said. ... Cuba’s energy crisis is not a new problem. The island’s limited infrastructure has not ...
On 12 January 2021, then-U.S. President Donald Trump added Cuba to the State Sponsors of Terrorism list, implementing a new series of economic sanctions on the country. [7] The government of Cuba had hoped that Joe Biden would remove Cuba from the list. However, Biden has entirely avoided the issue and, according to Cuban governmental sources ...
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 ...