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Cuba Opens Doors to Private Investment
Description
Cuba is dramatically loosening its grip on the economy, opening sectors like banking, energy, and tourism to private and foreign investment — even letting companies hire hundreds and own multiple businesses. Amid a deep humanitarian crisis and ongoing protests, these reforms signal a historic shift from decades of state control, with officials framing them as a survival move, not a concession to the U.S. But skeptics warn that without real legal guarantees and stability, these changes may fall short of attracting meaningful investment.
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