00:11In an unprecedented mood for Cuba, the country's National Assembly approves 173 new measures in
00:1823 sectors aimed at modernizing the island's economic productive system. As part of the
00:24approved measures, the Cuban government is making the business structure more flexible,
00:29allowing state-owned enterprises to become commercial corporations, with the states
00:35retaining majority control only in strategic areas. In a significant shift, 70 of the 125
00:40prohibited economic activities are being eliminated. The employee limit for micro,
00:46small and medium-sized enterprises is being expanded and multiple business ownerships is
00:52being authorized, as well as private and foreign investment in key sectors such as fuel imports.
00:58Lendos of road is extended indefinitely with cooperatives will be able to operate accounts
01:04abroad and the door is open to private banking under state supervision. On the social front,
01:10a social protection fund is being created for the most vulnerable, while general subsidies are being
01:15eliminated. With this, Cuba demonstrates that it is possible to adjust the economic course without
01:21sacrificing total social justice.
01:33...verticales y horizontales entre los diferentes actores econĂłmicos.
01:39El sector no estatal de la economĂa...
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