Update: More Than 700 Micro, Small And Medium-Sized Enterprises Approved In Cuba
/Cubadebate
Havana, Republic of Cuba
24 November 2021
More than 700 MSMEs and cooperatives approved since the process began
Today the Ministry of Economy and Planning approved 100 new applications from private micro, small and medium enterprises (MSMEs), one state and two non-agricultural cooperatives (CNA). With this decision, 718 economic actors have been approved since the process began at the end of September this year. Of the MSMEs, 686 are private, 16 are state, and there are also 16 cooperatives. Due to their origin, 57% are reconversions of pre-existing businesses and 43% correspond to new ventures. In total, it is estimated that these economic actors will generate 11 thousand 12 new jobs in the economy. Of all those approved, 42 are part of local development projects, 25 have previously carried out export operations and six are incubated in the Scientific and Technological Park of Havana.
