LatinNews Daily - 10 December 2021

* Cuba’s economy & planning ministry (MEP) has approved 113 new micro, small and medium-size enterprises (MSMEs). In line with new legislation which took effect on 20 September, permitting MSMEs to incorporate for the first time since 1968, this brings the total number of MSMEs and non-agricultural cooperatives in the country to 1,014 (of which 18 are non-agricultural cooperatives), which the government says has created 15,801 new jobs. The legislation was the latest bid by the government to shore up the domestic economy, which shrank 11% in 2020 due to the coronavirus (Covid-19) pandemic and US economic sanctions.