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May 25, 2016

Cuba to legalize small, mid-sized businesses

  • The government will loosen the current rules that restrict private enterprise to self-employed workers in several hundred job categories, from restaurant owner to hairdresser.
    • By MICHAEL WEISSENSTEIN
    Associated Press

    HAVANA — Cuba announced Tuesday that it will legalize small- and medium-sized private businesses in a move that could significantly expand private enterprise in one of the world's last communist countries.

    Cuban business owners and economic experts said they were hopeful the reform would allow private firms to import wholesale supplies and export products to other countries for the first time, removing a major obstacle to private business growth.


     
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