
Cuban government companies and cooperatives repeatedly “inefficient” (non profitable) will be handed to the private sector or liquidated, according to the reforms program approved by the island’s VI Communist Party congress and which was officially published Monday.

The Cuban government said Monday that it plans to study ways to allow residents of the island to travel abroad as tourists, suggesting it will ease the bureaucratic hurdles and outright restrictions that prevent many residents from leaving.

Cuba's Communist Party selected President Raúl Castro and hard-liners from the old guard to steer wide-ranging reforms of the island's crumbling economy. As expected, Raúl Castro, 79, was chosen at a four-day party congress to replace his older brother Fidel Castro as first secretary of the ruling party's Central Committee.

Cuba says it will allow people to buy and sell their homes for the first time since the communist revolution in 1959. For the past 50 years, Cubans have only been allowed to pass on their homes to their children, or to swap them through a complicated and often corrupt system.

Cuba will consider placing term limits on its leaders to assure new blood in the government, President Raul Castro said in a speech kicking off a Communist Party congress on the island he and his brother have led for more than five decades.

The Cuban government has freed one of the country's leading dissidents, but he says he will keep protesting against the government.

Brazilian oil giant Petrobras has withdrawn from an offshore oil exploration block in Cuba's waters that it leased amid great fanfare in 2008, a Brazilian official said on Thursday, citing poor prospects.

Cuba's plans to lay off half a million state workers by the end of March are behind schedule, President Raul Castro has acknowledged. Castro, quoted by state television, said the timetable for the cuts would be altered to soften their impact.

President Raul Castro called on the Cuban government to eliminate waste and provide more efficient and improved quality services while keeping “feet and ears on the ground” to closely listen to Cubans concerns regarding the economic reforms recently put into practice.

A salsa band, dancing schoolchildren and showgirls in bikini tops and feather headdresses welcomed some 1,500 tourists on a British cruise liner that officials described as among the biggest ships to visit Cuba in years.