List of companies of Cuba

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Location of Cuba

Cuba is a country comprising the island of Cuba as well as Isla de la Juventud and several minor archipelagos. Cuba is located in the northern Caribbean where the Caribbean Sea, the Gulf of Mexico, and the Atlantic Ocean meet. It is south of both the U.S. state of Florida and the Bahamas, west of Haiti, and north of Jamaica. Havana is the largest city and capital; other major cities include Santiago de Cuba and Camagüey. Cuba is the largest island in the Caribbean, with an area of 109,884 square kilometres (42,426 sq mi), and the second-most populous after Hispaniola, with over 11 million inhabitants.[1]

The Cuban state claims to adhere to socialist principles in organizing its largely state-controlled planned economy. Most of the means of production are owned and run by the government and most of the labor force is employed by the state. Recent years have seen a trend toward more private sector employment. By 2006, public sector employment was 78% and private sector 22%, compared to 91.8% to 8.2% in 1981.[2] Cuba's government spending as a percentage of GDP is 78.1 percent.[3] Any firm wishing to hire a Cuban must pay the Cuban government, which in turn will pay the employee in Cuban pesos.[4] The average monthly wage as of July 2013 is 466 Cuban pesos, which are worth about US$19.[5]

Notable firms[edit]

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

     Active firms
     State-owned firms
     Defunct firms

Name Industry Sector Headquarters Founded Notes
Aero Caribbean Consumer services Travel & leisure Havana 1983 Airline
Aerotaxi Consumer services Travel & leisure Cayo Largo del Sur 1996 Charter airline
Central Bank of Cuba Financials Banks Havana[6] 1997 Central bank
Cubana de Aviación Consumer services Travel & leisure Havana 1929 Airline
Cubatabaco Consumer goods Tobacco Havana 1962 Tobacco
Cuba Petróleo Unión Oil & gas Oil & gas producers Havana 1960 National oil company
EGREM Consumer services Media Havana 1964 Record label
ETECSA Telecommunications Fixed line telecommunications Havana 1964[7]
Habaguanex Tourist Company Consumer services Travel & leisure Havana 1994
Habanos S.A. Consumer goods Tobacco Havana[8] 1994 Tobacco, marketing, part of Cubatabaco
Havana Club Consumer goods Food & beverage Santa Cruz del Norte 1934 Rum
Havana Shipyards Industrials Industrial transportation Havana UNKNOWN
Modelo Brewery Consumer goods Food & beverage Havana 1948 Brewery
Panart Records Consumer services Media Havana 1944 Record label, defunct 1961

References[edit]

  1. ^ "Cuba profile: Facts". BBC News. Retrieved March 26, 2013. 
  2. ^ "Social Policy at the crossroads" (PDF). oxfamamerica.org. Archived from the original (PDF) on October 9, 2007. Retrieved February 5, 2009. 
  3. ^ "What countries have a planned economy?". Reference. Retrieved 2016-10-18. 
  4. ^ "Cuba's repressive machinery: Summary and recommendations". Human Rights Watch. 1999. 
  5. ^ "Cuba's economy: Money starts to talk". The Economist. July 20, 2013. Retrieved July 19, 2013. 
  6. ^ About the BCC
  7. ^ Empresa de Telecomunicaciones de Cuba S.A.: Private Company Information - Bloomberg
  8. ^ Corporación Habanos, S.A.,: Private Company Information - Bloomberg