Cuba's Fresh Bid to Lure Investors Amid Economic Woes

Easing Business Restrictions

Cuba is considering significant changes to attract foreign businesses. The government is looking to:

• Allow businesses to operate using dollars
• Permit companies to hire their own staff
• Enable property purchases

Current Economic Challenges

Cuba's economy is facing severe difficulties, including:

• Frequent power cuts
• Health crises
• A struggling currency
• Mass emigration

Government Initiatives

• 32 new businesses approved in 2024
• Unclear investment results so far

Past Attempts and Current Sanctions

• 2014 efforts were more successful due to improved U.S. relations under Obama
• Tighter sanctions now pose a major obstacle

Future Outlook

The government seeks strategic investments, but the effectiveness of these measures remains uncertain.