Cuban Economy has Taken on 1 974 MSMEs and Coops

Havana, Feb 10 (ACN) The Cuban Economy Ministry approve 162 new micro, small and medium companies and cooperatives, taking the number of the new economic entities to 1 974 since the approval process kicked off September 2021.

On its Telegram account, the ministry explained that out of the new 162 entities, 141 are private companies, 19 state-own and two are cooperatives.

In general terms, out of the total 1 thousand 974 MSMEs, only 47 are state-run and 27 are cooperatives, the rest is made up of private companies. Some 57 precent of all the enterprises belong to upgraded self-employments and 43 percent are new businesses.

The approved companies are expected to create 31 thousand 838 new jobs for the local economy.

The full list of all companies approved can be accessed at: https://t.me/actores_economicos_cuba/267