HAVANA (Reuters) – Cuba will officially recognize private property, something it has long rejected as a vestige of capitalism, under a new constitution that also creates the position of prime minister alongside the president. Cuba’s current Soviet-era constitution only recognizes state, cooperative, farmer, personal and joint venture property. Ruling Communist Party newspaper Granma said the government commission revamping the constitution will present its draft to the national assembly when it meets next week. It will then be put to a national referendum, expected later this year.

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