Communist-led Cuba’s experiment with limited capitalism is entering a crucial and transformative phase this year with the decentralization of bloated state-run businesses, the island’s economic czar said Tuesday.
Marino Murillo said the goal is to improve efficiency of those businesses and let the successful ones keep more of their profits.
Murillo said the next 18 months will be the “most complex” part of President Raul Castro’s reform program, which has already seen limited openings to private entrepreneurship and a relaxation of many social restrictions.
via Business feed http://www.scmp.com/business/economy/article/1279441/cuba-economy-czar-reforms-entering-critical-phase
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