New Regulatory Provisions Are Implemented in Cuba to Strengthen Non-State Economic Actors
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On Wednesday, the Official Gazette published Decree-Law 133 amending Decree-Law 88 “On Micro, Small and Medium Enterprises”, 89 “On Non-Agricultural Cooperatives” and 90 “On the Exercise of Self-Employment” which expand the possibilities for non-State economic actors to act.
Cuba is opening its doors wider to private business. New regulations will allow entrepreneurs to expand their operations nationwide, independently set prices and wages, and even directly import and export goods. The reforms come amid a deep economic crisis.
The Official Gazette No. 71 published Decree-Law 133, amending Decree-Law 88, 89 and 90, concerning micro, small and medium-sized enterprises, non-agricultural cooperatives and self-employment, respectively.
The proper implementation of new normative provisions for the form of non-state management will facilitate and promote a better articulation of the Cuban business system. The entry Implements new normative provisions in Cuba to strengthen non-state economic actors was first published in .
Directors of the ministries of Public Health, Education, Agriculture, Internal Trade, as well as of the Central Bank of Cuba and the National Institute for the Care of New Economic Actors of the country, presented Decree-Law 133 amending and other complementary regulations that expand rights and recognize new forms of management for the non-State sector
Details of the new decree-law for non-state companies and economic actors were specified at a press conference
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