February 6, 2021

hISTORY eNDS EVERYWHERE:

Cuba authorizes private activity in majority of sectors (AFP, 2/06/21)

Cuba announced Saturday that private activity will be authorized in most sectors, a major reform in the communist country where the state and its companies dominate economic activity.

The measure, which was unveiled last August by Labor Minister Marta Elena Feito, was approved Friday during a meeting of the Council of Ministers, according to the daily Granma, the official newspaper of the ruling Communist Party.

Until now, private activity -- which has been authorized in Cuba since 2010 but whose real boom dates back to the historic warming of ties between Cuba and the United States, initiated at the end of 2014 under Barack Obama -- was limited to a list of sectors set by the state.

Posted by at February 6, 2021 4:55 PM

  

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