Cuba’s parliament has unanimously approved significant economic reforms, marking the most substantial changes to the island’s economy since the 1959 revolution. The reforms include provisions for large-scale privatization of state-owned businesses, responding to a prolonged economic crisis. These measures appear to be influenced by pressures exerted by the former US administration under Donald Trump. The Cuban economy, operating under a socialist model, has been facing considerable challenges and is nearing collapse. If implemented, the reforms are expected to fundamentally alter the structure of the Cuban economy. This decision represents a historic turning point for the country, potentially opening it to greater market forces. The extent of the privatization and its impact remain to be seen.