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Cuba opens up its economy to private businesses

Cuba has announced it will allow private businesses to operate in most sectors, in what is a major reform to its state-controlled economy.

Labour Minister Marta Elena Feito said the list of authorised activities had expanded from 127 to more than 2,000.

Only a minority of sectors would be reserved for the state, she said.

The communist country’s economy has been hit hard by the pandemic and US sanctions introduced by the Trump administration.

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