{"id":228284,"date":"2020-09-29T09:50:58","date_gmt":"2020-09-29T13:50:58","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=228284"},"modified":"2020-09-29T09:50:58","modified_gmt":"2020-09-29T13:50:58","slug":"cuba-new-measures-approved-for-improvement-of-state-enterprises","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/cuba-new-measures-approved-for-improvement-of-state-enterprises\/","title":{"rendered":"Cuba: new measures approved for \u201cimprovement\u201d of state enterprises"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Cuban Council of Ministers approved a group of new measures to \u201ccontinue advancing in the improvement of state-owned enterprises,\u201d as part of its current <\/span><a href=\"https:\/\/oncubanews.com\/tag\/economia-cubana\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">economic strategy<\/span><\/a><span style=\"font-weight: 400;\">, the official media reported.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The regulations, approved during the September session of the island\u2019s highest governing body, \u201ctend to grant greater autonomy to enterprises,\u201d while \u201cmaking more flexible\u201d the operation of the basic business units, according to the head of the Permanent Commission for Implementation and Development, Marino Murillo, <\/span><a href=\"http:\/\/www.cubadebate.cu\/noticias\/2020\/09\/27\/consejo-de-ministro-examina-agenda-economico-social-y-aprueba-nuevas-medidas-para-el-sector-empresarial\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">quoted by<\/span><\/a><span style=\"font-weight: 400;\"><em> Cubadebate<\/em>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As part of the new measures, the distribution of retained earnings after taxes is made more flexible, with the elimination of the limit that has existed until now of up to five average salaries \u201cwithout conditioning it to the fulfillment or overcompliance of the directive indicators,\u201d explained Murillo.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The generalization of \u201cpay for high performance\u201d was approved for the entire business system, which is currently a faculty of enterprises that apply the so-called Business Improvement, while also allowing retired workers to be hired to occupy the same position held at the time of obtaining their pension, \u201cas long as it responds to the interest of the entity.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Likewise, state enterprises were authorized to hire the entity\u2019s workers outside of their working hours \u201cin certain services, different from those they perform according to their employment contracts.\u201d<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"Z90Zwac0jy\"><p><a href=\"https:\/\/oncubanews.com\/cuba\/empresas-cubanas-recibiran-beneficios-fiscales-por-aumento-de-exportaciones\/\">Empresas cubanas recibir\u00e1n beneficios fiscales por aumento de exportaciones<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"\u00abEmpresas cubanas recibir\u00e1n beneficios fiscales por aumento de exportaciones\u00bb \u2014 OnCubaNews\" src=\"https:\/\/oncubanews.com\/cuba\/empresas-cubanas-recibiran-beneficios-fiscales-por-aumento-de-exportaciones\/embed\/#?secret=qapqdxjtxM#?secret=Z90Zwac0jy\" data-secret=\"Z90Zwac0jy\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The new measures also envisage the extension of the powers to the heads of the enterprises, as well as the fact that \u201cthe determined basic business units prepare financial statements, pay taxes on profits and distribute profits, without having legal status, establishing as a condition that the enterprise cede part of its assets,\u201d the source indicated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the Council of Ministers approved, \u201cwhere necessary and advisable,\u201d the conversion into enterprises the basic business units that close production cycles, totally or partially, or carry out activities of a different nature within the same enterprise, \u201cafter analysis and substantiation of the President of the Superior Organization of Business Management.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the approval of the measures, Prime Minister Manuel Marrero insisted on \u201cthe need to take better advantage of the measures that have been approved in recent times to unleash the potential of our productive forces and strengthen enterprises.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe have to promote strong socialist state enterprises that substitute imports, not only of a finished product, but also of raw materials that allow us to close production cycles, and carry out the much requested and necessary production chain,\u201d Marrero said, quoted by <em>Cubadebate<\/em>.<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"TIYoOukdML\"><p><a href=\"https:\/\/oncubanews.com\/en\/cuba\/experts-monetary-unification-is-necessary-but-not-sufficient-to-update-the-cuban-economy\/\">Experts: monetary unification is necessary, but not sufficient, to update the Cuban economy<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Experts: monetary unification is necessary, but not sufficient, to update the Cuban economy&#8221; &#8212; OnCubaNews English\" src=\"https:\/\/oncubanews.com\/en\/cuba\/experts-monetary-unification-is-necessary-but-not-sufficient-to-update-the-cuban-economy\/embed\/#?secret=dTTqAeiCei#?secret=TIYoOukdML\" data-secret=\"TIYoOukdML\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The strengthening and \u201cimprovement\u201d of state-owned enterprises is one of the main commitments of the Cuban government\u2019s economic strategy, which defends them as the pillar of the island\u2019s battered economy, even when it envisages other forms of non-state management such as cooperatives and the self-employed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Council of Ministers met at a time when Cuba is going through a complex economic situation due to the reinforcement of the U.S. embargo and the impact of the coronavirus pandemic, for which, until the end of August, close to one billion pesos were spent on the island on expenses, as reported at the meeting by Minister of Economy Alejandro Gil.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Faced with this scenario, Cuban President Miguel D\u00edaz-Canel praised the work carried out in the battle against COVID-19, which has made it possible, he said, for the island to show \u201cindicators and figures much lower than those shown today at the international level,\u201d and affirmed that his government is working \u201cin the design of the normal operation of the country, with realism, and recovering economic and social activity as much as possible, so that the economy, in a gradual and controlled way, is reactivated.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, he called for a response that is \u201cmore immediate, more proactive, more intense, more creative, more intelligent, from all scenarios,\u201d for the sake of the desired economic reactivation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cuban Council of Ministers approved a group of new measures to \u201ccontinue advancing in the improvement of state-owned enterprises,\u201d as part of its current economic strategy, the official media reported. The regulations, approved during the September session of the island\u2019s highest governing body, \u201ctend to grant greater autonomy to enterprises,\u201d while \u201cmaking more flexible\u201d [&hellip;]<\/p>\n","protected":false},"author":3134,"featured_media":228287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13902],"tags":[14816],"ppma_author":[33546,8689],"class_list":["post-228284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuba","tag-cuban-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cuba: new measures approved for \u201cimprovement\u201d of state enterprises | OnCubaNews English<\/title>\n<meta name=\"description\" content=\"The regulations, approved during the September session of the island\u2019s 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