Havana – Cuba expects a gradual and stable recovery process in which state or socialist companies prevail after gaining in “entrepreneurial spirit” and competitiveness to coexist with a still small private sector that is part of the effort to solve the tough problems of the economy.
“In the socialist state company, an entrepreneurial spirit must prevail,” explained an analysis of the official press.
An official meeting defended a “series of structural transformations that place state companies in their true leading role,” stressed the official newspaper Granma.
Thus, it supported “actions aimed at the productive recovery” of these entities, using examples of processes in this sense that are already being developed in state entities.
Socialist companies were fundamental pieces in Cuba when a system began that led the State to take charge of large and small private businesses, with a climax that came in 1968, the year of a “revolutionary offensive.”
Years later, the appearance of entities that recorded losses and low labor productivity caught the attention of the Government, which began to apply measures.
In recent years, the authorities also decided to introduce into the economy, which is going through its worst moment in decades, “new actors”, as they have called the micro, small and medium-sized companies (MSMEs), which currently guide their productions. Added to this is an “opening” that is extended to foreign investment.
In general terms, the government of Miguel Díaz-Canel considers that the island’s economy is gradually recovering and is still looking for new solutions.
ANSA Agency
Source: Ambito
