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Return to favour for hard-line approach

Satisfying the expectations or wishes of its western neighbours has never been a priority for Cuba's leadership, and those who have warned that change will come about only slowly have not been proved wrong by latest events. ...more


REAL ESTATE:
Investors eye property marketplace
Whether they are tourists looking for a holiday home or businessmen with an eye on investment opportunities, more and more foreign visitors to Cuba are asking about the possibility of owning or building property on the communist-ruled island. ...more


SUGAR:
Bitter taste from loss of customers
Nelson Labrada, Cuba's vice-minister of sugar, sums up his industry's initial response to the economic changes of the 1990s as "insufficiently revolutionary". ...more


OIL:
Expansion plans are in the pipeline
"It may be heavy, but it's ours." This is how Cuban oil industry official Manuel Marrero refers with pride to the smelly, sulphurous heavy crude oil that Cuba, with the help of several foreign companies, is extracting from local wells. ...more


ECONOMIC OVERVIEW:
The fightback goes on
For relaxation, Cuba's central bank chief, Francisco Soberon, likes to reread the economic classics - including a well-thumbed copy of Karl Marx's Capital - to see what light theory might throw on his country's problems. ...more


BANKING:
Platform for a solid two-tier structure
Under the tutelage of Cuba's urbane and internationally-experienced Central Bank president, Francisco Soberon, the Cuban banking sector has been transformed over the past few years from a closed and highly-centralised Soviet-style model to a more modern and diversified two-tier banking system. ...more


TOBACCO:
Lighting up the world
Like a 19th century European statesman-general plotting the expansion of an empire, Manuel Garcia of Cuba's state cigar seller, Habanos SA, proudly shows visitors a multi-coloured global map indicating markets where Havana cigars are sold around the world. ...more
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