By Marc Frank
HAVANA (Reuters) – In a key reform of the condition-dominated financial state, the Cuban governing administration will let smaller private companies to work in most fields, doing away with its limited record of functions, condition-run media documented on Saturday.
The measure, coming as the Caribbean island seeks to get better from an economic slump, will increase the subject from 127 things to do to more than 2,000, Labor Minister Marta Elena Feito Cabrera was quoted as saying. She spoke at a council of ministers assembly that accepted the plan.
She mentioned there would be 124 exceptions, but the media stories provided no particulars.
Reform-minded Cuban economists have very long known as for the position of little enterprise to be expanded to aid leap-start out the financial system and to create positions.
The overall economy has stagnated