NewsWPLG Local 10 – EspañolJuly 29, 2026Miami-Dade
Cuba Expands Private Business Opportunities
The Cuban government has officially authorized private sector participation in several industries previously controlled by the state, including pharmacies and nursing homes. The policy also eases restrictions on private involvement in wholesale trade, imports, and oil exploration.
Read the full story at WPLG Local 10 – EspañolWhy It Matters
This policy shift allows private individuals to operate businesses in sectors that were previously state-exclusive, fundamentally changing the landscape for private enterprise and service delivery in Cuba.
Key Facts
- The Cuban government formalized a list of private sector activities that were previously state-controlled.
- Private operation of pharmacies is now permitted.
- Private operation of nursing homes is now permitted.
- Private participation in the import sector is now allowed.
- Private participation in wholesale trade is now allowed.
- Private participation in oil exploration is now allowed.
Who's Mentioned
personLázara Mercedes López Acea“President of the National Institute of Non-State Economic Actors”personMiguel Díaz-Canel“President of Cuba”organizationSherritt“Canadian mining company”personBruno Rodríguez“Foreign Minister of Cuba”personRaúl Castro“Former leader of Cuba”locationCuba“The government implementing the policy changes.”organizationAP“The news agency reporting the event.”organizationAsamblea Nacional del Poder Popular“Cuban Parliament”