On this Tuesday, December 31, 2024, Cuba wakes up to significant news as the year comes to a close. Foremost is the introduction of exorbitant new prices for imported vehicles set by the Cuban government. According to the new regulation published in Official Gazette No. 128, the cost of a standard recently manufactured car has soared to nearly $16,000, making it nearly impossible for the average Cuban to purchase a vehicle. Older cars and motorcycles have not escaped this financial burden either, as they are subjected to taxes and pricing that further hinder their acquisition.
Simultaneously, a new import and commercialization law for vehicles in Cuba has come into effect, imposing taxes of up to 200% on luxury vehicles. While the aim is to modernize the country's automotive fleet, the prohibitive pricing remains an insurmountable obstacle for most citizens, highlighting the structural deficiencies the nation faces.
In another development shaking the Cuban landscape, journalist José Luis Tan Estrada has been forced into exile due to relentless harassment and repression by the regime. His departure underscores the challenging conditions faced by independent journalists on the island.
As the year ends, Miguel Díaz-Canel extends a congratulatory message to Cubans, praising their supposed "heroism." However, this rhetoric sharply contrasts with the reality of a year plagued by an economic crisis that continues to impact citizens' quality of life.
From the transportation sector, the Minister of Transport cautions that the new vehicle import measures should not be perceived as a quick fix to the transportation system's issues but rather as part of a long-term improvement process.
In cultural news, the artistic community mourns the passing of Cuban actor Roberto Gacio, who leaves an indelible mark on Cuban theater and is remembered for his dedication and passion for the arts.
Meanwhile, the US dollar continues its volatile trend in the informal market, reaching 304 Cuban pesos, a clear reflection of the island's ongoing economic tensions.
In Santiago de Cuba, a tragic accident has left two children in critical condition after being struck by a car, raising concerns about traffic hazards in the country. Additionally, power outages persist, though there has been a slight improvement in electricity generation deficits as the year draws to an end.
Key Issues in Cuba as 2024 Ends
What are the new prices for imported vehicles in Cuba?
The new regulations set the price for a standard recently manufactured car at nearly $16,000, with older cars and motorcycles also facing increased taxes and prices.
Why did journalist José Luis Tan Estrada go into exile?
José Luis Tan Estrada left Cuba due to constant harassment and repression by the regime, highlighting the difficult conditions for independent journalists on the island.
How has the US dollar performed in Cuba's informal market?
The US dollar has reached 304 Cuban pesos in the informal market, reflecting the ongoing economic tensions in Cuba.