Sunday, July 15, 2018

Cuba to recognise private property under new constitution

Cuba to recognise private property
Cuba will officially recognise private property for the first time under a new constitution that features a number of far-reaching changes, state media say.

Property sales were banned after Fidel Castro came to power in 1959, but permitted after a law change in 2011.
The communist-run state's new constitution will reaffirm that central planning and state enterprise are key to the economy.
It is expected to be approved by a vote at the national assembly next week.
The draft constitution would then be put to a popular referendum for final approval later this year.

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