Cuba expands private business permits in emergency economic plan

Published June 18, 2026 3:14pm ET | Updated June 19, 2026 6:51pm ET



The Cuban Communist Party approved an emergency economic reform package on Thursday aimed at opening parts of the island’s tightly controlled economy as the government grapples with a deepening economic crisis and renewed pressure from the United States.

The move came one day after Cuban President Miguel Díaz-Canel convened an unscheduled session of the Communist Party of Cuba, or PCC, to discuss measures to boost production, attract investment, and ease restrictions.

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