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October Tuesday

Cuba Approves first Private and state MSMEs



Havana, Sept 29 (ACN) Cuba’s Economy Ministry approved on Wednesday the first 35 micro, small and medium companies, with most of them in the fields of food production, manufacture, recycling and technology.

The new enterprises are located in 11 Cuban provinces, with 20 of them upgrading from self-employment to companies and another 15 newly created.

The information by the government ministry says that other applications are under consideration, while none of them has been declined.

The setting up of the MSMEs is part of the Cuban economic improvement program aimed at having all economic actors contribute to the country’s economy and development.

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