Cuba dips toe in market economy with legalization of small businesses By Reuters

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2/2 © Reuters. FILE PHOTO: A farmer holds a wad of Cuban money at a vegetable stall at a market in Sagua La Grande, in the province of Villaclara in central Cuba, around 240 km (149 miles) east of Havana October 12, 2013. REUTERS/Desmond Boylan 2/2 By Marc Frank HAVANA (Reuters) - Thousands of small and medium-sized Cuban businesses will be allowed to incorporate in the coming months, in one of the most important economic reforms taken by the island's Communist government since it nationalized all enterprises in the 1960s. The reform, details of which came to light this week, will permit small and medium-sized businesses for the first time since 1968, putting an end to the legal limbo in which many have existed for years in the Soviet-style economy. The law will also apply to small and medium-sized state firms, paving the way for an important decentralization of some activities and forcing subsidized operations to become profitable or fold, according to Cuban economists.
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