Despite the private sector’s growth, its overall contribution to Cuba’s economy, while increasing, remains modest, accounting for about 15% of gross domestic production.

Marta Elena Feitó Cabrera said the island’s beggars were faking poverty to make ‘easy’ money, drawing public outrage.

In a significant development within Cuba's informal market, the U.S. dollar and euro have risen in value, while the Freely ...

Cuba’s power plants are dilapidated and in desperate need of maintenance. In addition, Cuba produces very little fuel of its own, meaning it relies on imports to keep the electrical grid afloat.

The shift towards dollarization in Cuba's economy is gaining momentum, with the Cuban peso (CUP) and Freely Convertible ...

“We’ve seen people who appear to be beggars,” Feitó told the commission. “When you look at their hands, at the clothes these ...

Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state-run economy struggles to recover from a string of natural disasters ...

Cuba’s Communist revolution took aim at private businesses, making them largely illegal. Today, they are proliferating, while the socialist economy craters.

Cuba’s economy, including its tourism, sugar, and rum industries, is paralyzed by power outages, as Trump’s anti-immigration policies bloc a new mass exodus..

Cuba’s fragile communist system is showing increasing signs of strain as the island grapples with deepening economic hardship ...

During a December 2020 parliament session, Cuba's Economy Minister Alejandro Gil announced that Cuba's economy shrank 11% during the pandemic, worsened by the U.S.-imposed trade embargo.