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Point of View: Cuban economy in the face of COVID-19

COVID-19 wreaking havoc on the travel industry

Economic forecasts have become outdated in a matter of two months. The modification of the scenario has been so abrupt that international organizations and specialized entities only now begin to modify their forecasts. All forecasts should be taken with caution, because the uncertainty is very high.

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Cuban cigar sales topped $531 million last year

The state monopoly Habanos S.A. announced $531 million last year, as the country’s annual cigar festival opened. Spain, China, Germany and France were the strongest markets as sales increased 2% over 2018, the company said. This was good news for the Caribbean island which is short of cash and under ...

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