This Thursday the Cuban Ministry of Economy and Planning (MEP) announced the creation of 113 new micro, small and medium enterprises (MSMEs) private and one state, according to a statement released on their networks.
There are now 5,770 small businesses approved since September 2021, when it was allowed again such an economic actor, prohibited since 1968 on the Island.
The Ministry of Economy and Planning (MEP) today approved 114 applications for the creation of economic actors, of which 113 are private MSMEs and one state MSME.
— Ministry of Economy and Planning of Cuba (@MEP_CUBA) November 10, 2022
Of these, 5,643 are private MSMEs, 68 state-owned, and 59 non-agricultural cooperatives. In addition, 52% are reconversions of pre-existing businesses and 48% correspond to new ventures.
These economic actors will be able to generate 98,533 new jobs, according to MEP calculations, whose specialists report that of all those approved so far, 138 are part of local development projects and 13 are incubated in the Havana Science and Technology Park.
MSMEs and cooperatives include activities related to accommodation, beauty services and local development projects, however they do not have access to spheres considered strategic by the State such as health, telecommunications, energy, defense and the media. .
They can be state, private or mixed, and are recognized as an economic unit with legal personality with its 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.
Efe/OnCuba.
