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Cuba says economic crisis slows output, closes factories
http://www.reuters.com/article/internalReutersGenNews/idUSN1412101020090614 - Cuban factories are closing down and production is being cut at
other workplaces as the international financial crisis weighs on the
import-dependent Caribbean island, the official media said on Sunday.
A growing shortage of foreign exchange has forced the Communist-run
country to drastically cut imports and local budgets, impose power
quotas on state-run companies, restructure debt and put off payments to
foreign suppliers.
The state-run Juventud Rebelde newspaper, the only national Sunday
publication, said a tire factory had shut down since February due to a
lack of rubber imports while an aluminum packaging plant cut output for
similar reasons.
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