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Cuba Says There Will Be No "Privatization" After Giving Legal Backing to 97% of the Reforms

Summary by Hola News
Havana, Nov 2 (EFE).- The president of Cuba, Miguel Díaz-Canel, said that the transformations of state enterprises, related to the 176 economic reforms, "does not amount to privatization", after giving legal support to 97% (171) of these measures on the island, state media reported this Monday. Díaz-Canel explained that in three months [...] The entry Cuba says that there will be no "privatization" after giving legal support to 97% of the reform…

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Havana, Nov 2 (EFE).- The president of Cuba, Miguel Díaz-Canel, said that the transformations of state enterprises, related to the 176 economic reforms, "does not amount to privatization", after giving legal support to 97% (171) of these measures on the island, state media reported this Monday. Díaz-Canel explained that in three months [...] The entry Cuba says that there will be no "privatization" after giving legal support to 97% of the reform…

Economist Pedro Monreal warns that new autonomy for Cuban state enterprises cannot replace real prices or macroeconomic stability.

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Experts consulted by EFE see in the package signs of an opening towards the free market

The president of Cuba, Miguel Díaz-Canel, said that the transformations of state enterprises, related to the 176 economic reforms, “does not amount to privatization”, after giving legal support to 97% (171) of these measures on the island, state media reported this Monday. Díaz-Canel explained that in three months “215 legal norms” related to these measures were established and reiterated that “the transformation into commercial companies by sha…

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Hola News broke the news on Monday, November 2, 2026.
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