All for Joomla The Word of Web Design
January Saturday

Cuba Keeps Opening Doors to More MSMEs

Havana, Jan 6 (ACN) When over 1370 micro, small and medium companies have thus far been approved in Cuba since last September, the island’s Economy Ministry has called for more applications to open new businesses particularly in the service area.

The decision includes the approval of applications already received in different economic modalities, while the new ones for service businesses will also be processed, according to the Twitter account of the Economy and Planning Ministry.

Along with the service modality the doors keep open to applications in other areas, such as food production, exports, local development projects, recycling, manufacture, logistics, information technologies, transportation, construction and projects in technological parks.

On Wednesday the Economy and Planning Ministry approved 86 new micro, small and medium companies taking the number of those enterprises to 1374.

Out of the 86 MSMEs approved Wednesday 84 are private entities and two coops dedicated to construction services in eastern Holguin province.

A breakdown of the 1374 new companies approved thus far reveals that 1326 are private businesses, 26 are state-owned and over 20 are cooperatives. A total 58 percent upgraded from self-employment status, and 42 percent are new companies.

In all, the new MSMEs are expected to generate over 20.4 thousand jobs for Cuban economy.

Add comment

No se admiten ofensas, frases vulgares ni palabras obscenas.
Nos reservamos el derecho de no publicar los comentario que incumplan con las normas de este sitio

Security code