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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Cuba legalises small and medium private businesses

Lobo
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Cuba legalises small and medium private businesses Empty Cuba legalises small and medium private businesses

Post by Lobo Wed 25 May 2016, 6:57 pm

Cuba legalises small and medium private businesses

  • 25 May 2016


Cuba's government has announced that it is legalising small and medium-sized private businesses.
It is the latest stage of reforms begun when President Raul Castro took over from his brother, Fidel in 2008.
Raul Castro has been trying to stimulate Cuba's stagnant economy but has faced resistance from Cuban Communist Party hardliners.
With the restoration of relations with the US last year, Cuba is also opening up to foreign investment.
The government currently allows self-employment in several hundred job categories from restaurant owners to hairdressers.
The Cuban economy has been stimulated by many of these becoming small businesses and employing other workers.
The latest reforms were published in a 32-page document detailing the party's plan for economic development, and approved by Congress.
It did not specify what the new status for "private businesses of medium, small and micro size" would entail.
Neither did it mention if businesses would be given additional rights such as the ability to import supplies or export products.
But analysts say the new status is a sign of the government's recognition that private enterprises will have a significant role in the future, although the main means of production could remain in the hands of the state.
http://www.worldaffairsjournal.org/content/cuba-legalizes-some-private-businesses?utm_source=World+Affairs+Newsletter&utm_campaign=db4ddf6f24-May_25_2016_WNN5_25_2016&utm_medium=email&utm_term=0_f83b38c5c7-db4ddf6f24-294672653

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