HAVANA, Aug. 7th The Cuban government on Friday approved a law authorizing the creation of small and medium enterprises (SMEs), Read more
HAVANA, June 19th (AFP) The Cuban government on Friday specified its timetable for the creation of the status of small and medium-sized enterprises, Read more
HAVANA, Aug. 6th (AP) With its airports closed to commercial flights and its economy tanking, Read more
HAVANA, July 29th (Reuters) Cuba is loosening restrictions on small businesses as it seeks to stimulate a state-dominated economy hammered by the implosion of ally Venezuela, U.S. sanctions and the pandemic.
HAVANA, July 28th Mercabal, the first wholesale market authorized in Cuba to sell products to private businesses and non-agricultural cooperatives dedicated to gastronomy, has signed more than 200 contracts in just three days since its opening. Read more
HAVANA, Jan. 23th A list prepared with the help of many Cuban entrepreneurs to suggest to the Cuban government concrete steps to strengthen self-employment and small businesses.
HAVANA, June 6th (Reuters) – Lazaro Hernandez, who has made a good living showing U.S. cruise ship passengers around Havana in his pink 1950s Chevrolet, says the new U.S. ban on cruises to Cuba will wipe out 90% of his business overnight.
HAVANA, Apr 13th (PL) Cuba is improving the state entrepreneurial system due to its key role in economic development, and it is making the rules that govern the private sector more flexible, Marino Murillo, president of the Commission for the Implementation of Guidelines, told the People”s Power National Assembly (Parliament) on Saturday.
HAVANA, Dec.6th (AP) Cuba’s government has modified a series of measures unpopular with the country’s private sector, including lifting restrictions on the number of business permits a person can have and the number of chairs there can be in restaurants, a top official said Wednesday.
HAVANA, Sept 7 Thirty-one percent of the young people employed in Cuba, more than 1.5 million people, worked in the private sector and the rest were in jobs in the state-run sector at the close of 2014, according to official figures published Sunday by local media.
The head of employment in the Labor and Social Security Ministry, or MTSS, Jesus Otamendiz, said in an interview published in the Juventud Rebelde newspaper that “there are a considerable number of young people in the new forms of management,” as the autonomous or private sector is called on the communist island.
Of the 504,613 people registered as working for themselves or autonomously at the end of May 2015, 166,605 were young people, representing 31 percent of the people who had selected that form of employment, he said.
In addition, Otamendiz said that at the end of 2014, 4.97 million people were employed in Cuba and just under 1.53 million of them were young people, representing 31 percent of the labor force.
The MTSS chief also said that “the majority” of young people are still employed in the state-run sector, although they are increasingly moving into the private sector.
He said that 60 percent of the total number of young people working “for themselves” live in the provinces of Havana, Matanzas, Villa Clara, Camagüey, Holguin and Santiago de Cuba, and they are employed mainly in activities such as food preparation and sales, cargo and passenger transport.
The broadening of the private sector is one of the main reforms undertaken in recent years by the government of Raul Castro to “update” Cuba’s socialist economic model and compensate for the gradual suppression of some 500,000 state-sponsored jobs between 2011 and 2015.
In the interview, the MTSS chief discussed the challenge posed by youth employment in a country experiencing a “flexibilization of the labor market amid a changing and more complex economic environment,” which is increasingly burdened by the aging of the island’s population.
“It’s about achieving the efficient insertion of youth into the labor force, including the possibilities of employment in the non-state sector of the economy,” he said.
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