Cuba working to improve state-owned companies and free up productive forces
Cuba is working on strengthening the socialist state enterprise and the creation of micro, small and medium-sized entities (MSMEs) to free the productive forces and boost the economy.
2021 is a year of profound transformations for the ordering and liberation of the productive forces, removing obstacles and taking advantage of the country’s full potential, said on Friday the Minister of Economy and Planning (MEP), Alejandro Gil, on TV.
In early June, the Council of Ministers approved the improvement of the actors in the Cuban economy, which includes the socialist state enterprise, non-agricultural cooperatives, MSMEs, and self-employed (private) workers.
Gil referred to an indication of the senior leadership of the country, which called to shake up the socialist state company, for which opportunities are being opened, and powers are being decentralized such as the possibility of accessing foreign exchange based on their results, self-management, competition, innovation, and linkage with key sectors.
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