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Cuba
Microbusiness owners can now apply for microloans
The Central Bank of Cuba announced that self-employed entrepreneurs who need startup money can apply to banks for loans as small as 38 dollars.
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Chinese automaker plans to assemble cars in Cuba
A leading Chinese automobile manufacturer will start assembling its vehicles in Cuba, the Chinese website Global Times revealed Wednesday (Dec. 25). Global Times does not provide a…
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Excerpts from Castro’s address to Parliament
Excerpts from President Raúl Castro's speech before the National Assembly on Saturday (Dec. 21), as translated by Progreso Weekly.
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Sovereign bonds will cushion budget deficit
Cuba will begin to issue sovereign bonds to pay for the debt generated by the budget deficit, reported the Cuban news agency Prensa Latina.
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Time to invest in Cuba?
What are the things that spring to mind when the country Cuba is mentioned? Communism, Fidel Castro or perhaps Cuban cigars. Few think about the economic opportunities that the…
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Back to the future: Cars for sale in Cuba
The Cuban website revolico.com is already filling with offers of vintage cars for sale. Progreso Weekly brings you a sample of what is being offered.
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Cuba liberalizes importation of vehicles by private individuals
The Cuban government plans to liberalize the importation of motor vehicles by private individuals, the newspaper Granma reported Thursday.
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Entrepreneurship calls for revision of laws, attorney says
Cuba's criminal laws will have to be updated along with the economy to deal with "new risks associated with these transformations," Cuba's news agency reports.
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Diplomat foresees an end to the embargo
The newspaper Granma published an interview with Ramón Sánchez-Parodi Montoto, former director of the Cuban Interests Section in Washington (1977-1989), vice minister of Foreign…
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A Band-Aid or a path to a solution?
Thousands of Cubans living in the U.S. realized that this time -- again -- the blockade against Cuba is not only against its government but also against the citizens on both sides of…
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