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Cuba claims there are already 6,500 MiPymes on the island as it has allowed the establishment of private companies.



MSMEs can be state, private, or mixed. In 2021, they will be allowed to stay on the island without a state-owned private enterprise for 52 years.

Cuba added yesterday, Wednesday, the creation of 101 new private micro, small and medium enterprises (MSMEs), so now Over 6,500 in total Since 2021, the Ministry of Economic Planning (MEP) has reported through an online economic channel.

rear 52 years without state-owned private enterprises the Cuban government has approved a law allowing the creation of entities in 2021.

A small private company disappeared from the island in 1968 when they were intervened by the state in the so-called “revolutionary offensive”, Fidel Castro led the island in the Soviet communist model.

Among the 6,500 companies it claims to have been founded, some specialize in construction, gardening, IT and gastronomic services, while others are involved in the manufacture of food, beverages, tobacco, furniture, automobiles, motorcycles, bicycles and other activities. .

According to the latest published list, MEPs have greenlit 6,505 SMEs (private and state-owned) since the process began in September 2021.

Mipymes and the powers to establish cooperatives include activities related to accommodation, various services such as beauty, community development projects, etc.

these companies Lack of access to areas the country deems strategic Health, Telecommunications, Energy, Defense, Media and more.

MSMEs are recognized as economic units with legal personality, either state-owned, private or mixed, with their own characteristics.

This type of economic actor coexists with socialist state enterprises (the state’s main enterprises in the Cuban socialist system), non-agricultural cooperatives, and self-employed (autonomous).

Source: Biobiochile

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