News and Facts about Cuba

Cuba opens state wholesale market to some private businesses

Cuba opens state wholesale market to some private businesses
Associated Press
April 13, 2016

HAVANA (AP) — Cuba says it is opening its state-controlled wholesale
market to a limited number of private business owners in response to
rising prices that have angered many ordinary Cubans.

WIthout access to wholesale goods, private business have been buying
basic supplies in retail outlets and raising the prices to generate
profit, leading to widespread hikes in the cost of many household goods.

State-run media said Wednesday that food and personal-services business
that are either cooperatively run or rent space from the government will
be able to buy goods at wholesale prices. They will also be able to do
business with state-run importers, a potentially important new benefit
that could give access to U.S.-made goods.

The new measures also establish price caps on some goods bought
wholesale and sold privately.

Source: Cuba opens state wholesale market to some private businesses –
www.yahoo.com/news/cuba-opens-state-wholesale-market-private-businesses-123200960.html?ref=gs

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