Private Grocery Stores Emerge in Cuba, But Prices Out of Reach for Many
Newly Legalized Small and Medium Businesses Struggle to Prosper Amid Economic Crisis
- Small and medium-sized private grocery stores, known as 'mipymes', have been rapidly emerging across Cuba, offering a variety of products not available elsewhere.
- Despite their popularity, the prices at these stores are unaffordable for many Cubans, including professionals like doctors and teachers.
- Customers who can afford these stores are usually those who receive remittances from abroad, tourism workers, diplomats, employees of other small businesses, artists and athletes.
- Most of the products in these stores are imported by the entrepreneurs themselves through state-run import agencies, leading to the emergence of larger, better-stocked stores, such as the 'Cuban Costco'.
- For the first time in 60 years, small and medium-sized private corporations are now authorized by law in Cuba, marking a significant shift in the country's socialist economic model.