Cuba adds 228 cooperatives

Cuba adds 228 cooperatives



CUBA STANDARD — Doubling their number in one stroke to 452, the Council

of Ministers approved the creation of 228 non-agricultural cooperatives,

according to official media.



As part of its economic reforms, Cuba is granting space to private

enterprises in "non-strategic" sectors of the economy. The government

has particularly been supporting the creation of member-owned,

non-agricultural co-ops since 2013.



The overwhelming majority of the new co-ops are operating in retail and

gastronomy. According to Marino Murillo, chief coordinator of the

economic reforms, 186 of the new co-ops offer retail and gastronomy

services, 12 are in construction, six offer accounting services, five

offer energy services, three are in transportation, 15 are

manufacturers, and one produces food.



Source: Cuba adds 228 cooperatives « Cuba Standard, your best source for

Cuban business news -

http://www.cubastandard.com/2014/03/04/cuba-adds-228-cooperatives/