On this topic, Cuban Prime Minister Manuel Marrero announced the creation of the National Institute for the Administration of State Enterprises, which is currently developing its structure and selecting its personnel and workers.

“During the year, 77 new state enterprises were established, bringing the total to 330. 816 private companies and two non-agricultural cooperatives were also registered.

The regulation of wholesale trade for non-state economic actors was approved, eliminating the requirement that wholesale operations be carried out exclusively through state entities,” he noted.

According to Marrero, the decentralization of the authority to approve the creation of private entities and non-agricultural cooperatives is progressing slowly.

“This authority has been granted to 65 municipalities, and a methodology for monitoring and supporting entities that declare losses has been implemented,” he added.

The Prime Minister highlighted the positive impact on economic recovery of the new measure regarding partnerships between state-owned and private business entities, approved by the Council of State.

This regulation includes the possibility of entering into economic partnership agreements with contributions and the creation of joint ventures.

The business models also include franchise agreements and the participation of Cuban nationals residing both in Cuba and abroad.

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