Cuban legislators adopted nearly 200 economic reforms on Thursday aimed at saving the communist island from a deep crisis, exacerbated by a U.S. oil blockade. Prime Minister Manuel Marrero presented 176 measures aimed at reducing the state's role in the economy and attracting investments in various sectors, including tourism and agriculture. Among the reforms is the elimination of the requirement for foreign investors to form partnerships with the state and the authorization of large private enterprises. These changes come amid pressures from the U.S., and President Miguel Diaz-Canel acknowledged the need for 'urgent changes' to avoid economic collapse. Although the Cuban government has always blamed the American embargo for economic problems, Diaz-Canel admitted the existence of internal obstacles. Despite local skepticism, the small business sector welcomed the reforms, seeing them as a hope for revitalizing tourism.
Sources
Latest News
08:41
EXCLUSIVE | September 16, 2026. Online search trends / past 24 hours
08:28
Snoop and Realitatea Plus journalists assaulted during the protest in Victory Square
08:17
Lionel Messi will play one final match for Argentina
07:59
Ursula von der Leyen presents her State of the Union address today. Seven topics that the President of the European Commission will address (POLITICO)
07:40
The announcement of the moment made by Volodymyr Zelenskyy: Ukraine is testing a new anti-drone weapon
See more news