Cuba has Approved over Two Thousand MSMEs

In this article:

Cuba

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ACN

Fecha de publicación:

25 February 2022

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Havana, Feb 24 (ACN) With the approval on Thursday of 92 new private micro, small and medium companies (MSMEs), Cuba now counts on 2 thousand 177 such enterprises, also including state-own and coops since the initiative opened in September 2021.

In all, 2 thousand 99 companies are private businesses, 49 are state-run and 29 are cooperatives. Some 57 percent of all upgraded from self-employment and 43 percent corresponds to new entities.

All these companies are expected to create 35 thousand 936 new jobs for Cuban economy.