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Cuba plans big changes for the economy

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Cuba plans big changes. The country has a state economy. This means the state controls everything. Now private firms can open. Manuel Marrero shows the plans. There are over 170 new rules. State firms will become private firms. Private banks can also open soon.

People can buy and sell houses. Fast food shops from other countries are welcome. The government wants to sell gas for foreign money. The goal is a better life for all. Cuba suffers from a big crisis. The USA has strict rules against the country. These rules are called sanctions.

Miguel Diaz-Canel says: Cuba has a hard time. The plans help the socialism. Socialism is a way for a society. The state controls the economy here. The government wants money from people. Investors bring this money. Tourism needs help. Many hotels are empty because of the sanctions.

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Definitions

State economy
The state controls all parts of the economy.
Socialism
The state manages the society and the economy.
Sanctions
Strict rules against a country to stop trade.
Investors
People who give money to gain a profit.

People

Manuel Marrero
He is the head of the government in Cuba.
Miguel Diaz-Canel
He is the president of Cuba today.

Locations

Cuba
It is an island country in the Caribbean.
USA
It is a country in North America.

Sources

Logo Al Jazeera
Al Jazeera

Cuba’s Communist Party approves opening economy in unprecedented move

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ORF

Kuba kündigt weitreichende Privatisierungen an

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Logo Stern
Stern

Kubanische Regierung stellt mehr als 170 marktwirtschaftliche Reformen vor

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Logo SRF
SRF

Kurswechsel in Havanna - Kuba legt 176-Punkte-Plan zur Öffnung der Wirtschaft vor

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Logo Standard
Standard

Ungewöhnlicher antiker Fluchzauber entziffert, der Unglück über Feinde bringen sollte

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Logo VOL
VOL

Finanzministerium: Maßnahmenpaket gegen Betrug vorgestellt

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Logo Die Presse
Die Presse

Kuba kündigt Privatisierungen an • EU verlängert Russlandsanktionen drastisch • Historischer Sieg bei Fußball-WM

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Logo Die Presse
Die Presse

Abkehr von Planwirtschaft: Kuba kündigt weitreichende Privatisierungen an

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Logo Spiegel
Spiegel

Kuba: Regierung öffnet Immobilien, Banken und Tankstellen für Auslandskapital

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