The reform, details of which came to light this week, will permit small and medium-sized businesses for the first time since 1968, putting an end to the legal limbo in which many have existed for years in the Soviet-style economy.
While there have always been private farms and agricultural cooperatives in Cuba, most of the economy was in state hands until the 1990s when heavily regulated small businesses were allowed in a few areas under the rubric of self-employment, limiting their legitimacy and legal standing. "It is a starting point for a new stage in the diversification of the economy and its development, in order to make the most of its potential," Gil said, adding that the reform would boost employment and allow the economy to rebound more strongly as the pandemic eased.Creation of micro, small and medium-sized businesses was fast-tracked upon approval in May by Cuba's Council of Ministers.
Nevertheless, it is a welcome step for many entrepreneurs and most economists who have long called for the reform. Cuba's economy, which has stagnated for years, contracted by 10.9% in 2020 and declined another 2% in the six months through June, compared with the first six months of last year. The economy remains heavily reliant on tourism and imports.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Insights On The Five Stages Of Small Business GrowthEven during the best of times, starting a small business is tough. During the Covid-19 pandemic, it became a quest for survival. While roughly one-third of small businesses were closed amid the lockdowns, many have reopened their doors or launched anew as consumer demand roars back. Key to small business growth. Government needs to stop shutting them down and leaving big corporations open. Covid is a wealth transfer be design. thanks For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Bowser_51 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »
Black Entrepreneurs in Cannabis Industry Push for a Piece of the ProfitsWatch: Black people comprise only a small percentage of those profiting from the burgeoning legalized pot market, public initiatives aim to boost minority participation My article for the World economic forum on inclusion of the world's largest minority In Afghanistan right now: *Tens of thousands of lives are at risk. *Power is out in several cities. *Water systems are barely working. *Thousands are injured. *Many families are fleeing for safety. Enough. UN UNHumanRights SanctionPakistan Oh damn, here is my surprised face
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »