Private sector
A majority of private sector employees believe their aspirations are well represented by elected staff representatives, according to a Dares note released in January. The image of representatives has improved, while that of unions has followed but to a lesser extent. This 2023 survey reflects a context of social tensions related to pension reform.
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For the first time, the Cuban government allows private individuals to hold foreign currency accounts and conduct transactions with them. This measure, part of a legislative package, imposes an 80% retention coefficient for certain foreign currency incomes, which must be delivered to the Central Bank. The goal is to boost foreign currency revenues and enable legal imports.