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flag Cuba's 2026 reform allows state firms to jointly operate with private businesses under new rules, marking a cautious shift toward market integration.

flag In March 2026, Cuba launched a major economic reform under Decree-Law 114/2025, allowing state enterprises to legally partner with private MSMEs and cooperatives through a new Mixed Limited Liability Company structure. flag The move, the first of its kind, permits joint ventures via mergers, share acquisitions, or new formations, with oversight by a special commission within the Ministry of Economy and Planning. flag While these companies gain autonomy in pricing, labor, and foreign currency accounts, they remain under strict state control, cannot operate in health, education, or defense, and must fully disburse capital with state assets officially appraised. flag The reform marks a cautious step toward economic modernization without full market liberalization.

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