Cuba approves unprecedented opening of economy amid severe strain
Cuba's Communist Party has approved an emergency economic package that would open parts of the island's state-dominated system to more private activity. The plan was submitted to the National Assembly on Thursday and is expected to pass, according to the supporting material. It marks a significant shift for a country that has been governed by the Communist Party since 1965.The package would expand opportunities for private enterprise and seek to attract more foreign investment, including from Cubans living abroad. It could also pave the way for private real-estate development and the transformation of state-owned businesses into private commercial ventures with... [Continue Reading]
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