Stay Connected through WTCSD  Join Our Network on LinkedIn Like Us on Facebook View Our Blogs Follow Us on Twitter Watch Us on YouTube See Us on flickr Sign-up for The Trader
WTCSD Home

Cuba

Back to Region

Background

Cuba is now slowly recovering from a severe economic recession in 1990.The government continues to balance the need for economic loosening against a concern for firm political control. It has undertaken limited reforms in recent years to stem excess liquidity, increase enterprise efficiency, and alleviate serious shortages of food, consumer goods, and services, but is unlikely to implement extensive changes. A major feature of the economy is the dichotomy between relatively efficient export enclaves and inefficient domestic sectors. The average Cuban's standard of living remains at a lower level than before the severe economic depression of the early 1990s, which was caused by the loss of Soviet aid and domestic inefficiencies. High oil prices, recessions in key export markets, and damage from Hurricane Michelle hampered growth in 2001. Cuba paid high prices for oil imports in the face of slumping prices in the key sugar and nickel industries and suffered a slowdown in tourist arrivals following September 11. The government subsequently depreciated the peso by approximately 30% and now aims for 3% growth in 2002.

Holidays

Jan 1 - National Liberation Day
Jan 2 - Victory of Armed Forces
May 1 - International Labour Day
May 20 - Independence Day
Jul 25 - Eve of Revolution Day
Jul 26 - Anniversary of the Moncada Barracks Attack Day, Revolution Day
Jul 27 - Revolution Day 2nd Day
Oct 10 - Anniversary of the beginning of the War of Independence in 1868
Dec 25 - Christmas Day

Phone Codes

Country Code: 53
Outgoing International Code: 119

Resources

Market Research

About Cuba
There is available to find out Cuba's general outlook on the issues of its social and business profile, passport/visa, money, accommodation, government, duty free, health and so forth.

CIA - The World Factbook - Cuba
This website indicates a wide range of detail information about Cuba by introducing under 8 different fields as its geography, people, government, economy, communications, transportation, military, transnational issues.

Consultants on Trade and Business with Cuba
Alamar Associates creates opportunities via serving as business directory for foreign investors in Cuba.

Cuban Business Journal
This website comprises a set of intensive business news in term of Cuba's economy, industries which are relatively profitable for foreign investors.

Business Listing in Cuba
There is available to make industrial and business researchs intensively in Cuba's business strata.

Business Service in Cuba
This website provides opportunity to search and/or advertise any business services, businesses, websites, and classifieds for targeted visitors in Cuba.

Trade Information

U.S - Cuba Trade and Economic Council
It aims to increase the trade relations between Cuba and USA. This organization is the best source of information on doing business in Cuba.

The Chamber of Commerce of the Republic of Cuba
It is the official website sponsored by the Chamber of Commerce in Cuba that highlights the legal procedures on how to do business with Cuba.

 
 
Powered by Wild Apricot Membership Software