On Monday May 9, 2011, 9:09 am. HAVANA (AP) -- Cuba has made official what had been rumored for weeks: It is legalizing real estate and car sales and enacting other major changes.But the Communist Party's newly released economic guidelines give few specifics, meaning islanders must wait for the fine print when the strategy becomes law.The guidelines published Monday say the state ought to "establish the buying and selling of homes" for citizens. There is no mention of how the system will work, what restrictions will be imposed or taxes levied. The Parliament must still approve the changes.">On Monday May 9, 2011, 9:09 am. HAVANA (AP) -- Cuba has made official what had been rumored for weeks: It is legalizing real estate and car sales and enacting other major changes.But the Communist Party's newly released economic guidelines give few specifics, meaning islanders must wait for the fine print when the strategy becomes law.The guidelines published Monday say the state ought to "establish the buying and selling of homes" for citizens. There is no mention of how the system will work, what restrictions will be imposed or taxes levied. The Parliament must still approve the changes.">

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Cuba publishes awaited details of economic changes

Cuba releases vague guidelines for economic changes that will allow private property sales

On Monday May 9, 2011, 9:09 am. HAVANA (AP) -- Cuba has made official what had been rumored for weeks: It is legalizing real estate and car sales and enacting other major changes.

But the Communist Party's newly released economic guidelines give few specifics, meaning islanders must wait for the fine print when the strategy becomes law.

The guidelines published Monday say the state ought to "establish the buying and selling of homes" for citizens. There is no mention of how the system will work, what restrictions will be imposed or taxes levied. The Parliament must still approve the changes.

The guidelines also call for legalizing the sale of cars. They make clear, however, that the state is not yet in a position to sell most Cubans new cars through state-owned businesses.

Source: http://finance.yahoo.com/news/Cuba-publishes-awaited-apf-1254488478.html...

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