Wednesday, December 01, 2021

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Cuba’s economic reopening in the spotlight

Cuba’s economic reopening in the spotlight

Havana, Oct 4 (Prensa Latina) Cuban authorities on Monday considered a gradual recovery of this nation's economy as the main element for development despite the impact of Covid-19 and other problems to take into account.
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At its most recent meeting, the Council of Ministers assessed the trend of the economy at the end of August and other important matters to keep the country’s vitality, Granma daily reported on Monday.

The newspaper reported that due to the tightening of US blockade, the international economic crisis worsened by the pandemic and the epidemiological situation, Cuba’s reality at the beginning of the fourth quarter remains complex.

However, every day more jobs are generated and the work of the economic actors is improved, in addition to the reopening of gastronomy, services, tourism and the non-state sector.

Some 36 percent of those employed are young people under 35 years of age (equal percent are women).

During this meeting of the Council of Ministers, the new Portfolio of Opportunities for foreign investment in the country was approved, consisting of 678 projects, 175 more than the previous one.

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