State Council approves new decree-laws as part of implementing economic and social transformations 

The decree-laws "On the Cuban State Business System" and "Amendment to Decree-Law No. 76 on Agricultural Cooperatives" were approved in the extraordinary session of the State Council held as part of the process of implementing economic and social transformations, which was chaired by the President of this body, Esteban Lazo Hernández.
During the meeting, it was reported that, based on the implementation of the economic and social transformations analyzed by the Political Bureau, the Extraordinary Plenum of the Central Committee of the Party, the National Assembly of People's Power, and the Council of Ministers, it is necessary to update the regulatory framework governing the Cuban state-owned enterprise system.
The first of the approved decree-laws seeks to regulate the general principles of organization and operation of the state-owned enterprise system for its transformation and development under the leadership of the National Institute of State-Owned Enterprise Assets.
"It addresses 16 of the 17 transformations corresponding to Thematic Area 1: Transformations in the management model of economic actors, related to the Socialist State Enterprise; as well as facilitating the implementation of 12 transformations from other areas," stated Roberto Ricardo Marrero, president of the National Institute of State-Owned Enterprise Assets.
Meanwhile, Yovana Vega Mato, an executive at the Ministry of Economy and Planning, added that this legislation constitutes the platform that enables the state-owned enterprise system, under the leadership of the National Institute of State Business Assets, to exercise all its powers and carry out all the mandated transformations, which are articulated with a set of legal norms currently being drafted.
In the debate, Esteban Lazo highlighted the relevance of the decree-law "On the Cuban State-Owned Enterprise System," which reaffirms the socialist state-owned enterprise as the main actor in the national economy, as well as contributing to expanding the powers that comprise the autonomy of the state-owned enterprise, unleashing its productive forces, and defining corporate social responsibility.
For its part, the decree-law "Amending Decree-Law No. 76 on Agricultural Cooperatives" regulates the constitution, organization, integration, and operation of these cooperatives, based on the necessary update of this regulatory provision in accordance with economic and social transformations.
Both decree-laws will be published in the Official Gazette of the Republic for public awareness.
The extraordinary session of the Council of State also delved into how this body will contribute, through its constitutional powers, particularly in legislative and oversight matters, to the implementation of economic and social transformations. These transformations aim to further refine our socialist construction process and contribute to the nation's economic growth and social development.