CUBAN ECONOMY

Cuba Reports Economic Growth of 2.7% in 2011

Cuba will close the year 2011 with a 2.7% increase in its Gross Domestic Product (GDP) “slightly below the planned 3%”, announced the Minister of Economy and Planning, Adel Yzquierdo Rodriguez.  »

Cuba Announces Reduction in Price of Construction Materials

A reduction of 20-30 % in the price of 122 types of construction materials was announced on Wednesday by the First Deputy Minister of Domestic Trade, Odalys Escandell, during a working session of the Services Commission of the Cuban National Assembly (Parliament).»

Cuba: Banking Loans to Better up Housing Stock

With the purpose of contributing to ameliorate housing stock in Sancti Spiritus, central Cuba, since last December 20th, natural persons may accede to banking loans in order to acquire construction materials and a means to pay the labor force used to repair, rehabilitate or build dwellings. Those requiring the service must bring in a credit application where they state the »

Cuba: Permanent Commissions of Parliament Conclude Debates

The permanent commissions of the Cuban Parliament conclude discussions on Wednesday on the economic plan and the budget for 2012. According to the Constitutional and Legal Program of the National Assembly of People’s Power (Parliament) deputies will analyze the laws approved in the context of updating the economic model of the island.»

Cuba to Discuss Economic and Budget Plans for 2012

Debates at the Eighth Session of the Cuban People’s Power National Assembly summoned for December 23 will focus on economic and juridical matters. The Economic Plan and State Budget drafts for 2012 will be placed for consideration and approval to the deputies.»