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The fresh regulations come into effect as Cuba navigates its worst economic crisis in decades, with severe shortages of food, fuel and medicine and a record-breaking exodus of its citizens.
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.
Cuba has been grappling with a severe economic crisis with shortages in food, medicine, fuel and power. Inflation has risen sharply, making many products unaffordable for Cubans who depend on an ...
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 ...
The new economic system of the 1990s in Cuba included new, limited opportunities for self-employment in newly private industries such as restaurants. However, due to the scarcity of these jobs, a large proportion of the Cuban population resorted to working in the black market and underground economy. [ 26 ]
"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 ...
March 17 – 2024 Cuban protests: Hundreds of protestors in several cities demonstrate against food shortages, electricity outages and political repression. [4]May 15 – The United States removes Cuba from its list of countries deemed less than fully cooperative against violent groups.
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 ...