Cuba's prime minister, backed by the Communist Party and former leader Raul Castro, presented a sweeping set of measures aimed at privatizing large parts of the socialist economy, including allowing private real estate development, turning state companies into private ventures with shares, and opening the financial sector to private banks, as reported by Israeli journalist Asaf Rozentzweig (N12). The plan still requires approval by the National Assembly.
The Zioneer reported at 06:25 Jerusalem that Cuban Prime Minister, backed by the Communist Party and Raul Castro, unveiled a broad privatization plan. A follow-up report at 06:30 details the specific measures: first-time private real estate development on the island, conversion of state-owned companies into private ventures with shares and equity holdings, and opening the state-controlled financial sector to private banks. The measures are designed to counter heavy US sanctions and represent a dramatic shift in Cuba's decades-long state-dominated economic model. They still require approval from the National Assembly. The reports are from Israeli journalist Asaf Rozentzweig (N12); no other sources have confirmed the details independently.
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