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Tag Results for "Cuban Economy"

Cuban Economy is Dependent on Growing Tourism Sector

Cash-strapped Cuba is looking to further boost its long-vital tourism sector, the crown jewel of which the famed resort town, Varadero, is located 138 kilometers (85 miles) east of Havana. continue reading »

Cuba’s New Tax Law Takes Effect - Intended to Improve “Economic Conditions”

Cuba enacted this Jan. 1 a new Tax Law to continue the government's "modernization" of socialism with economic reforms that revamp the tax culture of a country where taxes have continue reading »

Cuba Set to Begin Drilling for Oil with International Help

Cuban is preparing to drill for oil and hoping to transform its economy if huge beds of crude are found in the Gulf of Mexico. This fall Cuba is ready to drill 5,000 feet deep with international help: the Chinese are building the rigs, the Brazilians are financing the ports, and the Spanish are doing exploratory drilling. continue reading »

Cuba Approves 178 Private Sector Jobs, Everything from Dandy to Mule Driver to Umbrella Repairer

The Cuban government has announced 178 private-sector jobs that its citizens can seek or create. These jobs are part of the country’s partial movement from government controlled employment to a larger private sector economy, and one that generates tax revenue. continue reading »