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The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
The economic situation has led to once-unimaginable public shows of discontent, as well as to the biggest emigrations in Cuba’s history. Almost 425,000 Cubans crossed the U.S.-Mexico border in ...
Cuba in three years has approved 11,355 private businesses. The sector's employees, together with 600,000 self-employed workers in Cuba, now account for 25% of jobs and 15% of imports, according ...
Cuba’s economic paralysis continued Wednesday, with the government extending the orders for all activity to remain shut down until Sunday as the island tries to recover from a nationwide ...
"The blockade against Cuba is an economic, financial and trade war which qualifies as genocide," said Rodriguez, charging the U.S. policies were deliberately aimed at promoting suffering among the ...
Media in category "Economy of Cuba" This category contains only the following file. CUBA (27a) El Banco Español De La Habana-1 Peso (1872) second issue.jpg 6,236 × 6,164; 40.29 MB
The loss of Soviet trade which comprised 80% of the islands foreign trade, created an economic crisis called the "Special Period" in Cuba which was defined by mass shortages. The Cuban government quickly began focusing on developing tourism on the island as the only economic sector that was believed to be able to regrow the Cuban economy. [9]
At the time, Díaz-Canel said that difficult measures were needed for difficult times. The then-economy minister, Gil, said Cuba’s economy had contracted between 1% and 2% in 2023, while ...