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Cuba begins historic shift toward market economy

Cuban deputies unanimously approved Thursday a sweeping economic reform marking a historic shift of the island toward market mechanisms.

Published 13sem2 sourcesConfirmedMajorupdated 6sem
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This legislation reflects the Castro government's intention to adapt Cuba's economic model to 21st-century challenges and open certain sectors to private initiative.

The change represents a significant break from the centralized economic policy pursued since 1959.

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Auto-synthesis from 2 media sources · identified on June 19, 2026
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