Tuesday, May 24, 2016

Cuba legalizes the activity of small and medium-sized businesses – RIA Novosti

MEXICO CITY, May 25 – RIA Novosti Cuba intends to legalize the work of small and medium-sized private companies, which will enhance the legality of the actions on the island of the private sector

According to the published documents of the Communist Party.. Cuba, a business can use the employee and his family members, as well as private enterprises that fall under the concept of small and medium enterprise. Now, the proposal must be approved by the local parliament.

This is a continuation of the policy of flexible exchange rate of the Communist Party of Cuba, which began in 2010, the current leader Raul Castro, for the gradual resolution of the private business. As of March of this year, Cuba has 507,000 private entrepreneurs were registered.

At the same time, published by the Communist Party documents stress that the basic form of doing business on the island are still state-owned enterprises, said Univision channel . It is they who are responsible for the production of strategic industries, the military industry, education and health care.

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