Cuba’s New Constitution to Recognize Private Property

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Cuba’s new constitution, the draft of which will be released next week, reportedly will officially recognize private property for the first time since the Revolution. The new constitution will also create the position of prime minister, along with president, state media reported on Saturday. The commission to change the constitution is being headed by former president Raul Castro, 87, who remains head of the Communist Party. Castro has been pushing for economic reform since taking power in 2006. The new changes could also mean enhanced legal protections for entrepreneurs and foreign investors. (Reuters)

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