Cuba economy czar: Reforms entering critical phase

[Judi Lynn]

Cuba economy czar: Reforms entering critical phase
Tuesday, July 9, 2013
By: Associated Press

HAVANA — Communist-led Cuba's experiment with limited capitalism is entering a crucial and transformative phase this year with the decentralization of bloated state-run businesses, the island's economic czar said Tuesday.

Marino Murillo said the goal is to improve efficiency of those businesses and let the successful ones keep more of their profits. Murillo said the next 18 months will be the "most complex" part of President Raul Castro's reform program, which has already seen limited openings to private entrepreneurship and a relaxation of many social restrictions.

"The first stage of the reforms has so far, fundamentally, been the elimination of prohibitions in society," Murillo said in just his second face-to-face encounter with foreign journalists since he rose to prominence three years ago."During what remains of the year 2013 and in 2014, we will work on ... the most profound transformations," he added. -

More:
http://bostonherald.com/business/business_markets/2013/07/cuba_economy_czar_reforms_entering_critical_phase#sthash.Ga7sVPDv.dpuf

[Socialistlemur]

1. Interesting to see communists become capitalists

And I bet this czar lives in a large house and has his privileges. He may even play golf and belong to an exclusive club, I bet.