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. »
CUBAN ECONOMY
Cuba: National Assembly in Session with Presence of Raul Castro
Wiht the presence of Cuban President Raul Castro the National Assembly of People’s Power (Parliament) sessions to analyze the economic plans and budget for 2012, as well as the implementation of both aspects in 2011.»
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.»
Cuban Parliament to Prioritize Foreign Relations in 2012 Agenda
The Cuban National Assembly (Parliament) announced on Tuesday that further expanding international relations and links with parliamentary bodies around the world will be a top priority on its agenda for the coming year. »
Cuba Provides Bank Loans to Private Workers
The Decree-Law 289, which will allow access to bank loans for private workers and those who practice other forms of non-state enterprises, comes into effect today.»
Cuba Prioritizes Investments in Tourism, Oil, Mining and Energy
Cuba prioritizes foreign investments in tourism, oil, mining and energy, as part of the government”s efforts to update the country”s economic model, the weekly Opciones reported.»
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.»