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Cuba boosts projects on small and medium enterprises


Cuba boosts projects on small and medium enterprises

Havana, Jan 22 (Prensa Latina) The Cuban government has approved the economic projects of 1,619 private and state micro, small and medium enterprises since September, 2021, the Ministry of Economy and Planning (MEP, in Spanish) reported.
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An official MEP statement indicates that 1,568 of them are private micro, small and medium enterprises, 28 are state ones, and 23 are non-agricultural cooperatives.

According to regulations to carry out their work, 81 of them are part of local development projects; 34 have carried out export operations; and 9 operate in Havana’s Science and Technology Park.

The other enterprises are manufacturing, recycling, IT, logistics and transportation activities and construction services businesses.

Although they are across the country, most of them are based in the provinces of Havana and Granma.

Recently, the MEP called for summission of applications for the creation of enterprises in the food service sector. This way, Cuba ratified the importance of these new business management.

This category is a new priority for the country due to the shortage in the supply of food products and because it relies heavily on food imports: around 1.8 billion dollars have been assigned to buy foodstuffs.


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