Cuba Paves the Way to set up MMSEs by August

Havana, June 18 (ACN) Cuban government expects to see the setting up of the its first Micro, Medium and Small companies—MMSEs-- both in the state and non-state sectors by mid August or early September, said Cuban Economy Minister Alejandro Gil during a prime-time TV show on Friday.

In a recent session, the Cuban Council of Minister gave green light to the legal creation of the MMSEs as part of a strategy to bring all actors of Cuban economy together in a joint effort to boost the country’s economy.

The government’s priority are those sectors with a strong impact on the country’s major economic demands and the goal is to launch all productive forces, lift all kinds of hurdles on production, all under a legal framework, the minister said.

Minister Gil said that the design of the legal norms to set up the MMSEs is currently underway along the organization process.