Cuba lifts ban on most private business

Reform comes as communist-ruled island grapples with deepest economic crisis in decades

08 February 2021 - 20:38 By Marc Frank

Cuba has announced a big expansion of the private sector as the communist government struggles to deal with the worst economic crisis since the fall of the Soviet Union.

Only weeks after devaluing the peso and scrapping a dual currency system, president Miguel Díaz-Canel’s government said at the weekend it would open up most of the economy to private businesses. ..

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

X