Cuba adds 81 new MSMEs and exceeds 300

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Havana, Oct 27 (EFE) .- Cuba added 81 new micro, small and medium-sized enterprises (MSMEs), with what are so far 324 applications from these companies and non-agricultural cooperatives approved by the Ministry of Economy and Planning (MEP ).

Of the last MSMEs that have received the green light, 80 are private and one is state-owned, while the other two are non-agricultural cooperatives.

53% of the economic activities to be developed by these new economic actors are related to reconversions of pre-existing businesses and 47% correspond to new ventures, the MEP specified.

He explained that these cover various sectors of impact on the socio-economic development of the country such as food production; manufacturing activities, such as the manufacture of construction materials, furniture, textiles, footwear, plastics, as well as cleaning and toilet products.

They also engage in computer programming activities; material recovery and recycling; and technical services, among others.

Just over a month after the start of this process, of the 324 MSMEs, 307 are private and 8 are state-owned, while 9 are cooperatives that are scattered throughout the 15 provinces of the country.

There are 22 that are part of local development projects, 15 have previously carried out export operations and 4 are incubated in the Science and Technology Park of Havana.

The Cuban Government approved in August 8 decree-laws with which it recognizes and expands the management of MSMEs, non-agricultural cooperatives and self-employment (autonomous) as economic actors.

Official estimates foresee that these economic actors will generate approximately 4,468 new jobs.

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