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The Nexus
BUSINESSJun 25 · 09:09 UTCTHE RIO TIMESFlorencia Belén Ruiz

GAESA, The Secretive Military Empire That Controls Cuba’s Economy

GAESA, a business empire owned by Cuba's armed forces, controls approximately 40% of the Cuban economy and holds around $14.5 billion in overseas accounts according to leaked documents. The entity operates across sectors including tourism, retail, banking, ports, and remittances, while maintaining secrecy by not publishing financial accounts.

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