Cuban President Raul Castro said that the socialist country will not head towards capitalism, as the country prepares for the first anniversary of the Cuban Revolution after the death of his brother Fidel.
Raul spoke at the national assembly, after over a month since he announced to the world the death of revolutionary leader Fidel Castro on November 25.
He spoke about the economy of the nation predicting that the economy will grow and the Gross Domestic Product will grow moderately at around 2 percent.
To achieve this, three decisive premises must be fulfilled: ensuring exports and their timely billing, increasing domestic production that replaces imports, and reducing all non-essential expenses, he added.
The president also said the country shouldn’t be afraid of foreign capital arriving on the island.