{"id":48889,"date":"2015-06-06T06:00:45","date_gmt":"2015-06-06T10:00:45","guid":{"rendered":"http:\/\/oncubamagazine.com\/?p=48889"},"modified":"2015-06-05T20:40:44","modified_gmt":"2015-06-06T00:40:44","slug":"economic-news-in-brief","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/","title":{"rendered":"Economic News in Brief"},"content":{"rendered":"<h3>Cuban Hotels <em>\u00e0 la Fran\u00e7aise<\/em><\/h3>\n<p>French companies Accor and Warwick International Hotels (WIH) announced that they will start managing hotels in Varadero, Cayo Coco and Cayo Santa Maria, in conjunction with Cuba tourist chains.<\/p>\n<p>These are the most immediate results of the visit of French President Francois Holland to Cuba in early May.<\/p>\n<p>The announcement did not go unnoticed for Spanish firms such as Sol Meli\u00e1, Iberostar, and Barcel\u00f3, which are the biggest foreign investors in this sector in Cuba.<\/p>\n<p>Many people think that the quality of tourist services in Cuba has deteriorated, and that this new competition may have a positive impact in this branch.<\/p>\n<h3>Business Prospects with Lebanese Companies<\/h3>\n<p>A business delegation from Lebanon visited Havana, starting Wednesday, June 3<sup>rd<\/sup>.<\/p>\n<p>In addition to Bruno Zahr, an adviser for the Lebanese Minister of Economy, the delegation included representatives from 17 companies from different sectors, including food, energy, banking, pharmaceutics, telecommunications, real estate, trade, construction, transportation and medical equipment.<\/p>\n<p>In 2015, Cuba has received official business delegations from Spain, the United Kingdom and Hungary.<\/p>\n<p>Although no agreements have been signed so far, the visitors have announced that some 40 Lebanese companies will be taking part, for the first time, at the Havana International Fair in November.<\/p>\n<h3>More American Tourists<\/h3>\n<p>The number of American tourists who have travelled to Cuba increased by 36% in the first five months of 2015, in spite of travel restrictions still in place. Canadians remain the largest national group of tourists visiting the island, with 18.142 tourists more from January to May than in the same period last year.<\/p>\n<h3>Cuba Announces Reforms for the Banking System<\/h3>\n<p>The Cuban banking system will undergo a re-structuring process that includes changes in regulations, technological improvements, and new financial products and services. Customers will have access to more credit, and funding will be offered to boost foreign and national trade, according to an announcement made at a meeting of the Council of Ministers.<\/p>\n<h3>The Average Wage Goes Up<\/h3>\n<p>The average wage for state-run business employees increased from 584.00 Cuban pesos (24 U.S. dollars) in 2014 by 24 percent, the National Statistics Bureau informed this week.<\/p>\n<p>The highest salaries go to people who do hard physical work, such as sugar workers, who earn an average monthly wage of 963 Cuban pesos (40 dollars), followed by mine and quarry workers, and science and innovation workers.<\/p>\n<p>Despite this trend to increase, the real income remains the same, because the price of consumer goods, food, utilities, etc. has also risen.<\/p>\n<p>The average wage in the private sector is around 1,500 pesos (60 dollars), an amount that triples state-owned company salaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cuban Hotels \u00e0 la Fran\u00e7aise French companies Accor and Warwick International Hotels (WIH) announced that they will start managing hotels in Varadero, Cayo Coco and Cayo Santa Maria, in conjunction with Cuba tourist chains. These are the most immediate results of the visit of French President Francois Holland to Cuba in early May. The announcement [&hellip;]<\/p>\n","protected":false},"author":2370,"featured_media":48891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[13904],"tags":[],"ppma_author":[33664,6994],"class_list":["post-48889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuban-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economic News in Brief | OnCubaNews English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic News in Brief | OnCubaNews English\" \/>\n<meta property=\"og:description\" content=\"Cuban Hotels \u00e0 la Fran\u00e7aise French companies Accor and Warwick International Hotels (WIH) announced that they will start managing hotels in Varadero, Cayo Coco and Cayo Santa Maria, in conjunction with Cuba tourist chains. These are the most immediate results of the visit of French President Francois Holland to Cuba in early May. The announcement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/\" \/>\n<meta property=\"og:site_name\" content=\"OnCubaNews English\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-06T10:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/oncubanews.com\/en\/wp-content\/uploads\/2015\/06\/cayo-santa-maria-cuba2-755x4901.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"755\" \/>\n\t<meta property=\"og:image:height\" content=\"490\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eileen Sosin Mart\u00ednez, eileen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eileen Sosin Mart\u00ednez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/\"},\"author\":{\"name\":\"Eileen Sosin Mart\u00ednez\",\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/#\\\/schema\\\/person\\\/9ec02ce2751bf7d3c9b96889575fa0d2\"},\"headline\":\"Economic News in Brief\",\"datePublished\":\"2015-06-06T10:00:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/\"},\"wordCount\":427,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/cayo-santa-maria-cuba2-755x4901.jpg\",\"articleSection\":[\"Cuban Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#respond\"]}],\"copyrightYear\":\"2015\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/\",\"url\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/\",\"name\":\"Economic News in Brief | OnCubaNews English\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/cayo-santa-maria-cuba2-755x4901.jpg\",\"datePublished\":\"2015-06-06T10:00:45+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/#\\\/schema\\\/person\\\/9ec02ce2751bf7d3c9b96889575fa0d2\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#primaryimage\",\"url\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/cayo-santa-maria-cuba2-755x4901.jpg\",\"contentUrl\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/cayo-santa-maria-cuba2-755x4901.jpg\",\"width\":755,\"height\":490,\"caption\":\"Cayo Santa Mar\u00eda. Cuba.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/cuba\\\/economy\\\/cuban-economy\\\/economic-news-in-brief\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economic News in Brief\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/\",\"name\":\"OnCubaNews English\",\"description\":\"Revista sobre Cuba\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/#\\\/schema\\\/person\\\/9ec02ce2751bf7d3c9b96889575fa0d2\",\"name\":\"Eileen Sosin Mart\u00ednez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/www.oncubanews.com\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/Eileen-Sosin-Mart\u00ednez_avatar_1383073857-96x96.jpg47a6b337fb824410a96d16ba54d25082\",\"url\":\"http:\\\/\\\/www.oncubanews.com\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/Eileen-Sosin-Mart\u00ednez_avatar_1383073857-96x96.jpg\",\"contentUrl\":\"http:\\\/\\\/www.oncubanews.com\\\/wp-content\\\/uploads\\\/2013\\\/10\\\/Eileen-Sosin-Mart\u00ednez_avatar_1383073857-96x96.jpg\",\"caption\":\"Eileen Sosin Mart\u00ednez\"},\"description\":\"Periodista cubana. Bicho nocturno, cafetera y buena amiga. Muy teatral (que no tr\u00e1gica), despistada y trabajadora, con malos pensamientos pero buenas intenciones.\",\"url\":\"https:\\\/\\\/oncubanews.com\\\/en\\\/author\\\/eileen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economic News in Brief | OnCubaNews English","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/","og_locale":"en_US","og_type":"article","og_title":"Economic News in Brief | OnCubaNews English","og_description":"Cuban Hotels \u00e0 la Fran\u00e7aise French companies Accor and Warwick International Hotels (WIH) announced that they will start managing hotels in Varadero, Cayo Coco and Cayo Santa Maria, in conjunction with Cuba tourist chains. These are the most immediate results of the visit of French President Francois Holland to Cuba in early May. The announcement [&hellip;]","og_url":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/","og_site_name":"OnCubaNews English","article_published_time":"2015-06-06T10:00:45+00:00","og_image":[{"width":755,"height":490,"url":"https:\/\/oncubanews.com\/en\/wp-content\/uploads\/2015\/06\/cayo-santa-maria-cuba2-755x4901.jpg","type":"image\/jpeg"}],"author":"Eileen Sosin Mart\u00ednez, eileen","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Eileen Sosin Mart\u00ednez","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#article","isPartOf":{"@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/"},"author":{"name":"Eileen Sosin Mart\u00ednez","@id":"https:\/\/oncubanews.com\/en\/#\/schema\/person\/9ec02ce2751bf7d3c9b96889575fa0d2"},"headline":"Economic News in Brief","datePublished":"2015-06-06T10:00:45+00:00","mainEntityOfPage":{"@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/"},"wordCount":427,"commentCount":0,"image":{"@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#primaryimage"},"thumbnailUrl":"https:\/\/oncubanews.com\/en\/wp-content\/uploads\/2015\/06\/cayo-santa-maria-cuba2-755x4901.jpg","articleSection":["Cuban Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#respond"]}],"copyrightYear":"2015","copyrightHolder":{"@id":"https:\/\/oncubanews.com\/en\/#organization"}},{"@type":"WebPage","@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/","url":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/","name":"Economic News in Brief | OnCubaNews English","isPartOf":{"@id":"https:\/\/oncubanews.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#primaryimage"},"image":{"@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#primaryimage"},"thumbnailUrl":"https:\/\/oncubanews.com\/en\/wp-content\/uploads\/2015\/06\/cayo-santa-maria-cuba2-755x4901.jpg","datePublished":"2015-06-06T10:00:45+00:00","author":{"@id":"https:\/\/oncubanews.com\/en\/#\/schema\/person\/9ec02ce2751bf7d3c9b96889575fa0d2"},"breadcrumb":{"@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#primaryimage","url":"https:\/\/oncubanews.com\/en\/wp-content\/uploads\/2015\/06\/cayo-santa-maria-cuba2-755x4901.jpg","contentUrl":"https:\/\/oncubanews.com\/en\/wp-content\/uploads\/2015\/06\/cayo-santa-maria-cuba2-755x4901.jpg","width":755,"height":490,"caption":"Cayo Santa Mar\u00eda. Cuba."},{"@type":"BreadcrumbList","@id":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/economic-news-in-brief\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/oncubanews.com\/en\/"},{"@type":"ListItem","position":2,"name":"Economic News in Brief"}]},{"@type":"WebSite","@id":"https:\/\/oncubanews.com\/en\/#website","url":"https:\/\/oncubanews.com\/en\/","name":"OnCubaNews English","description":"Revista sobre Cuba","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/oncubanews.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/oncubanews.com\/en\/#\/schema\/person\/9ec02ce2751bf7d3c9b96889575fa0d2","name":"Eileen Sosin Mart\u00ednez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.oncubanews.com\/wp-content\/uploads\/2013\/10\/Eileen-Sosin-Mart\u00ednez_avatar_1383073857-96x96.jpg47a6b337fb824410a96d16ba54d25082","url":"http:\/\/www.oncubanews.com\/wp-content\/uploads\/2013\/10\/Eileen-Sosin-Mart\u00ednez_avatar_1383073857-96x96.jpg","contentUrl":"http:\/\/www.oncubanews.com\/wp-content\/uploads\/2013\/10\/Eileen-Sosin-Mart\u00ednez_avatar_1383073857-96x96.jpg","caption":"Eileen Sosin Mart\u00ednez"},"description":"Periodista cubana. Bicho nocturno, cafetera y buena amiga. Muy teatral (que no tr\u00e1gica), despistada y trabajadora, con malos pensamientos pero buenas intenciones.","url":"https:\/\/oncubanews.com\/en\/author\/eileen\/"}]}},"authors":[{"term_id":33664,"user_id":2370,"is_guest":0,"slug":"eileen","display_name":"Eileen Sosin Mart\u00ednez","avatar_url":"http:\/\/www.oncubanews.com\/wp-content\/uploads\/2013\/10\/Eileen-Sosin-Mart\u00ednez_avatar_1383073857-96x96.jpg","author_category":"","last_name":"","first_name":"","job_title":"","user_url":"","description":"Periodista cubana. Bicho nocturno, cafetera y buena amiga. Muy teatral (que no tr\u00e1gica), despistada y trabajadora, con malos pensamientos pero buenas intenciones."},{"term_id":6994,"user_id":0,"is_guest":1,"slug":"cap-eileen","display_name":"eileen","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","author_category":"","last_name":"","first_name":"","job_title":"","user_url":"","description":""}],"_links":{"self":[{"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/posts\/48889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/users\/2370"}],"replies":[{"embeddable":true,"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/comments?post=48889"}],"version-history":[{"count":0,"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/posts\/48889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/media\/48891"}],"wp:attachment":[{"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/media?parent=48889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/categories?post=48889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/tags?post=48889"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/oncubanews.com\/en\/wp-json\/wp\/v2\/ppma_author?post=48889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}