RIO DE JANEIRO, BRAZIL - Cuba's weekend announcement that it would authorize private enterprise in most sectors of its economy excludes 124 areas, such as the press, health and education, the labor ministry said Wednesday, February 11th.
The reform represents a major step in a new direction for the communist island where the state and its affiliate companies account for 85 percent of the economy, but which saw its GDP fall 11 percent in 2020.
Cuba began timidly opening up to the private sector in the 1990s before full authorization in 2010, followed by a true boom after the historic . . .