He Ministry of Economy and Planning (Mep) of Cuba announced this Thursday that 64 new micro, small and medium-sized companies (MSMEs) have permission to start their operations.
As reported by the agency through Telegram, the number of these new economic entities approved since September 2021 now amounts to 7,718.
Of the new MSMEs, only one does not belong to the private sector and the majority will operate in activities related to gastronomic services, construction, the marketing of food and clothing, among others, according to a report from the agency efe.
The authorization to this new form of management is part of the strategy of the Cuban Government to update its economic model with a markedly centralized character for more than six decades.
These new types of management are generally private and focused mainly on activities related to accommodation, various services such as beauty and local development projects, although current legislation covers many more possibilities.
However, these new forms of management were marginalized from spheres considered strategic by the Cuban State, such as health, telecommunications, energy, defense and the media.
MSMEs can also be state-owned and there is also the possibility of creating non-agricultural cooperatives, which coexist with the socialist state company, considered a priority for the authorities.
They can also have a mixed character and are recognized as an economic unit with legal personality with its own characteristics.
In addition to dynamizing the battered cuban economy In the midst of one of its worst crises, the island’s economic authorities are waiting for them to help create new jobs outside the state sector.
Efe/OnCuba
