Cuba opens more sectors to private business
Cuban President Miguel Diaz-Canel has announced greater freedoms for small businesses across the country, as the communist government takes steps to liberalize the island’s economy in the face of a crippling U.S. blockade.
In a speech broadcast on national television on June 12, Diaz-Canel said Cuba would open more sectors to private businesses and streamline the approval process for new ventures.
“For non-state forms of management, the list of prohibited activities will be limited so that their scope of operations is as broad as possible,” the president said.
Under pressure from the oil blockade imposed by Washington in January, the Cuban government has unveiled a series of reforms aimed at opening up the economy.
