The Cuban Ministry of Economy and Planning (MEP) announced this Thursday that it has given its approval to 83 applications for micro, small and medium enterprises (MSMEs), with which they add 3375 since last September the new economic figure was approved.
“Of the MSMEs, 3,274 are private, 51 state-owned, and 50 are cooperatives,” the MEP specified on its Twitter account.
The Ministry of Economy and Planning (MEP) today approved 83 applications for the creation of private MSMEs. With this decision, there are 3,375 economic actors approved since the process began in September 2021.
— Ministry of Economy and Planning of Cuba (@MEP_CUBA) May 12, 2022
45% of the new requests correspond to new ventures and 55% are reconversions of pre-existing businesses, added the source.
Official calculations estimate that these economic actors generate 55,205 jobs in the Caribbean country.
MSMEs share the Cuban economic scenario with the socialist state company -the main one for the Government-, non-agricultural cooperatives and self-employment (autonomous).
They can be carried out in activities such as accommodation, beauty services, food production, among others.
However, they do not have access to strategic spheres for the State such as health, telecommunications, energy, defense or the press.
Their composition is state, private or mixed and they are recognized as an economic unit with legal personality with its own characteristics.
Efe/OnCuba.
