Cuba's economy likely to reach 9 percent growth this year

Campaign News | Saturday, 26 November 2005

Economy Minister says progress energy, transport and food are having effect

Havana (VNA) - Cuba is expected to obtain over 9 percent economic growth in 2005, Jose Luis Rodriguez, Minister of Economy and Planning of Cuba, told the the sixth congress of Cuban economists and accountants on Nov. 24.

Cuba has seen many positive economic changes in many sectors this year, said the minister.

Progress has been made in carrying out national programmes, such as transport, energy and food programmes, he told the meeting.

These achievements are of great importance to the country, especially as Cuba has been facing the long-standing US economic embargo as well as suffering from serious natural disasters, the minister stressed.

Growth in the first six months of 2005 was recorded at 7 per cent.

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