AGP Executive Report
Last update: 24 minutes agoCuba Economic Overhaul: Cuba’s National Assembly has unanimously approved a sweeping package of 176 economic reforms, cutting the state’s role and pushing a more market-oriented model as shortages and U.S. pressure intensify. Private Sector & Investment: The changes expand room for private enterprise, allow large private firms, and let foreign investors take stakes in state companies without mandatory joint ventures. Tourism Liberalization: Cuba also signals a major shift for visitors’ experience by allowing private travel agencies, tour guide services, and car rentals—an unprecedented opening in a sector long tightly controlled by the state. Travel Payments Update: Separately, ECAB says Visa and Mastercard can no longer be used in Cuba after a U.S. order limited a foreign card-processing partner, so travelers should plan alternative payment options. What it means for trips: With tourism already under strain, these reforms could reshape how bookings, tours, and ground transport work—if implementation keeps moving.
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