Published on
19/06/2026 - 14:00 GMT+2
Cuba's National Assembly on Thursday approved a package of 176 economic reforms designed to expand private-sector participation and attract investment in various areas of the economy.
The measures were presented by the Prime Minister, Manuel Marrero, during a parliamentary session at which a reduction in the state's role in a range of economic activities was announced. Among the changes is the removal of the requirement for foreign investors to partner with state-owned companies, the authorisation of large private firms and the possibility for domestic and foreign investors to acquire stakes in state-owned enterprises.
The reforms were approved unanimously in Parliament. At the close of the session, President Miguel Díaz-Canel reiterated his government's commitment to the socialist system.
