Cuba approved this Thursday the creation of 83 new micro, small and medium enterprises (MSMEs), 78 private and five state-owned, in addition to a non-agricultural cooperative.
There are now 5,547 economic actors approved since the process began in September 2021. Of that total, 5,424 correspond to private MSMEs, 64 to state MSMEs and 59 to non-agricultural cooperatives, according to a statement from the Ministry of Economy and Planning (MEP). ).
The Ministry of Economy and Planning (MEP) today approved 84 applications for the creation of economic actors, of which 83 are MSMEs (78 private and 5 state-owned) and one non-agricultural cooperative.
— Ministry of Economy and Planning of Cuba (@MEP_CUBA) October 20, 2022
The information specifies that 52% are reconversions of pre-existing businesses and 48% correspond to new ventures. With these economic actors, 94,507 new jobs can be generated, according to MEP calculations.
Of all the MSMEs approved so far, 137 are part of local development projects and 13 are incubated in the Science and Technology Park of Havana.
The authorizations to create MSMEs and cooperatives include activities related to accommodation, beauty services, local development projects, among others.
But they do not have access to spheres considered strategic by the State, such as health, telecommunications, energy, defense and the media.
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MSMEs can be state-owned, private or mixed, and are recognized as economic units with legal personality with their own characteristics.
This type of economic actor coexists with the socialist state company -the main one for the State in the Cuban communist system-, non-agricultural cooperatives and self-employment (autonomous).
Although the numbers of these new actors have not stopped growing in the last year, the effects of incorporating them do not seem to have had a great impact on the Cuban economy, plunged into a deep crisis, aggravated by the pandemic, the tightening of the US embargo, and the repeated inefficiencies and obstacles that persist internally.
Efe/OnCuba.
