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The Latest Breaking News from Pavel Vidal

Leaked Documents Expose Cuban Military's $18 Billion in Hidden Reserves: Report

Cuba's military-controlled conglomerate, GAESA, has stashed away as much as $18 billion in offshore and dollar-denominated assets, according to a new report

Latin Times · Aug 6, 2025

Cuban Military-Run Companies Have Stashed Billions in Profit as Humanitarian and Economic Crises Deepen

A new Miami Herald investigation reveals that companies run by Cuba's military have made billions of dollars in profit as 2024 worsened hardships in Havana.

Latin Times · Jan 2, 2025

Cuba's Currency Conundrum: Four Ways To Pay

"How can I pay you?" Tourists can pay for guesthouses and restaurants in pesos, euros or dollars.

International Business Times · Mar 13, 2024

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Cubans Prepare For New Inflation Wave

Many residents in Havana, the capital of Cuba, have shared that there has been an increase in the price of several commodities since the government's announcement.

Latin Times · Jan 24, 2024

Cuba forecasts only slight growth rise as crisis grips island

Crisis-hit Cuba on Monday forecast economic growth of 3% for 2023 and reported 2% in 2022, half of what it had previously predicted and down 8% from the pre-pandemic level.

Reuters · Dec 12, 2022

Cuba says its allies have pledged help to end its economic crisis

China, Russia, Algeria and Turkey have pledged to restructure Cuba's debt, provide new trade and investment financing, and help ease an energy crisis, Cuban President Miguel Diaz-Canel told state-run media following a rare trip abroad last week.

Reuters · Nov 30, 2022

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