{"id":310112,"date":"2024-09-24T21:21:10","date_gmt":"2024-09-25T01:21:10","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=310112"},"modified":"2024-09-24T21:21:10","modified_gmt":"2024-09-25T01:21:10","slug":"new-regulations-for-private-sector-come-into-force","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/economy\/new-regulations-for-private-sector-come-into-force\/","title":{"rendered":"New regulations for private sector come into force"},"content":{"rendered":"

The new regulations for the <\/span>private sector in Cuba<\/b><\/a>, announced last month by the government, came into force this Thursday, 30 days after their publication in the <\/span>Gaceta Oficial<\/span><\/i>.<\/span><\/p>\n

The package of measures includes a group of decree laws and resolutions defended by the authorities as an \u201cupdate\u201d of what has been regulated so far for non-state actors and which, they say, seek to regulate their operation in the current economic scenario.<\/span><\/p>\n

The regulations<\/b><\/a>, which have generated criticism among many private individuals and economists, largely maintain the regulations already in place and add new provisions. They are aimed at <\/span>micro, small and medium-sized enterprises (MSMEs)<\/b><\/a>, as well as non-agricultural cooperatives and self-employed workers.<\/span><\/p>\n

Among the regulations, it is worth noting that now municipalities will be the ones to approve applications to create new MSMEs, instead of the Ministry of Economy, as had happened since the legalization of small private enterprises in 2021.<\/span><\/p>\n

This change, however, will not be officially implemented until March 2025. On the other hand, a national institute will also be created to supervise the private sector.<\/span><\/p>\n

MSMEs, complement or appendix of the Cuban economy?<\/a><\/p><\/blockquote>\n