Close Menu
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
What's Hot

The Algerian paradox: Pricing fiscal risks amid strong macroeconomic headlines

September 12, 2026

DLA Piper Adds Ari Feder To Investment Funds Practice In New York

September 12, 2026

Invesco India Mid Cap and Union Small Cap among 5 equity funds that deliver upto 25% SIP returns in 10 years – The Economic Times

September 12, 2026
Facebook X (Twitter) Instagram
Trending:
  • The Algerian paradox: Pricing fiscal risks amid strong macroeconomic headlines
  • DLA Piper Adds Ari Feder To Investment Funds Practice In New York
  • Invesco India Mid Cap and Union Small Cap among 5 equity funds that deliver upto 25% SIP returns in 10 years – The Economic Times
  • Pinegrove Venture Partners Closes Oversubscribed $1.5 Billion Strategic Investors Fund XII
  • UP real estate boost: RERA approves 13 projects worth Rs 2,380 crore |
  • Why are youth sports so expensive now?
  • Retail algo trading gets a makeover: how APIs, AI and regulation are opening the door for Indian traders
  • Gold.com Reports FY2026 Revenue Of $25.5 Billion And Net Income Of $82.3 Million
  • Shafaq News..Basrah Medium rises 4.7% in August
  • Catching the (Venture) Bus | Andreessen Horowitz
Saturday, September 12
Facebook X (Twitter) Instagram
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
Aspire Market Guides
Home»Economics»Cuba’s Communist Party approves economic plan inspired by China and Vietnam
Economics

Cuba’s Communist Party approves economic plan inspired by China and Vietnam

By CharlotteJune 18, 20263 Mins Read
Share
Facebook Twitter Pinterest Email Copy Link


HAVANA (AP) — Cuba’s powerful Communist Party on Thursday approved an emergency economic package featuring unprecedented free-market measures aimed at opening up the struggling island’s economy as pressure from the U.S. and the European Union heightens.

The document, which has not yet been made public, will be submitted Thursday to Cuba’s National Assembly. It envisions expanding opportunities for private enterprise, greater autonomy for municipalities and state-owned companies and measures to attract additional foreign investment, including from Cubans abroad.

In recent days, residents in several Havana neighborhoods staged protests, banging pots and pans as power outages spread across the island.

“Cuba resists heroically and creatively, but has endured for too long a barbaric, undeserved and unbearable punishment, to which is now added the threat of military aggression,” President Miguel Díaz-Canel said late Wednesday in the closing speech of the Communist Party session. The speech was published Thursday.

The announcement comes after months of increasing pressure from the U.S. and high-level talks between the two countries that have included Raúl Castro’s grandson, Raúl Guillermo Rodríguez Castro. The U.S. has levied numerous sanctions against Cuba and has indicted Raúl Castro in connection with the 1996 downing of two civilian planes operated by Miami exiles.

U.S. Vice President JD Vance said at a White House press briefing that the administration is watching the island’s actions to determine how to respond.

“We’re going to see what they do. And obviously, if they do one thing, we’re going to do something,” Vance said. “If they make smart decisions, we’re going to have a much better relationship with that island.”

Pressure from the European Union also ratcheted up Thursday, with lawmakers passing a resolution condemning “the systematic repression” by the Cuban government and demanding “profound economic and political change.” The resolution also called for EU sanctions targeting Díaz-Canel and the leadership of Grupo de Administración Empresarial S.A. (GAESA), a business conglomerate operated by the Cuban Revolutionary Armed Forces. Both have already been sanctioned by the U.S.

Díaz-Canel said the emergency plan and the policy document prepared by the Communist Party’s Central Committee were shaped by the experiences of China and Vietnam, two communist countries that have introduced market-oriented economic reforms while maintaining one-party rule.

Sign up for Morning Wire:
Our flagship newsletter breaks down the biggest headlines of the day.

The document will be submitted to the National Assembly for debate during a special session that, like the recent party meeting, was convened without prior public notice.

__

Seung Min Kim in Washington and Sam McNeil in Brussels contributed to this story.

__

Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america





Source link

Related Posts

Economics

The Algerian paradox: Pricing fiscal risks amid strong macroeconomic headlines

September 12, 2026
Economics

Shafaq News..Basrah Medium rises 4.7% in August

September 12, 2026
Economics

Economic uncertainty remains biggest barrier to growth for Welsh businesses

September 12, 2026
Economics

Phenomenal Works: Nathan Lane – Phenomenal World

September 12, 2026
Economics

Mozambique: CTA Business Robustness Index rises by just one point despite macroeconomic improvement

September 12, 2026
Economics

Why are Bitcoin, Ethereum and XRP stabilizing at lower levels?

September 12, 2026
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

The Algerian paradox: Pricing fiscal risks amid strong macroeconomic headlines

September 12, 2026

DLA Piper Adds Ari Feder To Investment Funds Practice In New York

September 12, 2026

Invesco India Mid Cap and Union Small Cap among 5 equity funds that deliver upto 25% SIP returns in 10 years – The Economic Times

September 12, 2026

Pinegrove Venture Partners Closes Oversubscribed $1.5 Billion Strategic Investors Fund XII

September 12, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Featured

Vietnam: Macroeconomics and technoloy boost non-life market despite intensified competition – Asia Insurance Review

August 5, 2026

Wales’s foreign investment win boosts economy and jobs market

June 28, 2026

Sizewell C challenged on cost overruns transparency and provides infrastructure update

June 19, 2026
Monthly Featured

Trump’s ‘Economic D-Day’ Against Iran: Can Sanctions End the War or Escalate the Conflict?

August 21, 2026

Where Will Bitcoin Be in 2030?

August 12, 2026

Balanced hybrid MFs suit moderate-risk investors with five-year horizon | Personal Finance

August 12, 2026
Latest Posts

The Algerian paradox: Pricing fiscal risks amid strong macroeconomic headlines

September 12, 2026

DLA Piper Adds Ari Feder To Investment Funds Practice In New York

September 12, 2026

Invesco India Mid Cap and Union Small Cap among 5 equity funds that deliver upto 25% SIP returns in 10 years – The Economic Times

September 12, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Aspire Market Guides.
  • Contact us
  • Privacy Policy
  • Terms and Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.