Media Reports on Cuba’s New Economic Measures

Newspapers and websites are widely reporting today on Cuba’s new economic measures announced at the 41st Havana International Fair (FIHAV 2025).

The Granma newspaper, for example, addressed the issue this Wednesday. Explaining the measures to streamline and boost foreign investment. As the Cuban government reaffirms its commitment to this sector as a fundamental component of economic and social development.

It emphasizes that the Cuban government presented a series of decisions aimed at creating a more dynamic business environment for foreign investment. Also as part of a program to correct distortions and revitalize the economy.

The measures, which will be formalized in new regulations son. Include greater monetary flexibility, simplified procedures, faster processing times, and new operating models. With the goal of increasing domestic production and foreign exchange earnings. At the 8th Investment Forum, held during the Fair, Deputy Prime Minister and Minister of Foreign Trade and Foreign Investment, Oscar Pérez-Oliva, presented details on the implementation of the government’s macroeconomic stabilization program.

In this regard, Cuban authorities reaffirmed their commitment to foreign investment as a fundamental component. The stated objective is for all forms of economic management—state, foreign investment, and non-state actors. To function harmoniously and be directed toward national development goals.

Currently, 376 businesses with foreign capital from 40 countries operate in the country’s business landscape. In 2025, despite the intensified blockade, the publication emphasizes. So 32 new businesses were approved with a committed capital of US$2.1 billion.

These projects reflect Monetary and Operational Flexibility, as a system will be established that allows investors to operate in both national currency and foreign exchange flexibly, according to their needs. Foreign investment will be encouraged to focus on generating external revenue. Either through exports or by selling to segments of the domestic economy that pay in foreign currency.

Furthermore, in some sectors, tariffs will be established in foreign currency for goods and services. With a more competitive and realistic approach. It was confirmed that the possibility for companies to establish bank accounts abroad is ratified to facilitate their operations and mitigate the effects of the blockade. In addition to the simplification and streamlining of procedures and processes.

With information from Prensa Latina

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