Cuba To Recognize Private Property Under New Constitution

(From BBC News)

Cuba will officially recognise private property for the first time under a new constitution that features a number of far-reaching changes, state media say.

Property sales were banned after Fidel Castro came to power in 1959, but permitted after a law change in 2011.

The communist-run state’s new constitution will reaffirm that central planning and state enterprise are key to the economy.

It is expected to be approved by a vote at the national assembly next week.

The draft constitution would then be put to a popular referendum for final approval later this year.

If it is passed it will replace the existing constitution which was approved by the Communist Party in 1976.

Click here for article.