11 April 2011

CUBA: Update : Mixed Success For New Small Business Owners.

AP/ M.HERALD/ P. Haven / 2-screen read...combined

    Since Cuba recently allowed the creation of new small business enterprises, 171,000 have applied for the opportunity.
    How are the new "cuentapropistas" doing?
    Haven follows the progress of several.
   But they face difficulties in a nation where "...raw materials are hard to find, tax rates can be exorbitant and myriad government regulations still restrict basic activities."
   "All over the world, the percentage of small businesses that succeed is very small, even in the United States," said a U.S. economist. "In Cuba, the difficulties are enormous, because the environment is not very conducive yet to business ... but that doesn't mean it can't be done."