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FROM
CUBA
Cienfuegos Commerce Enterprise bankrupt
CIENFUEGOS, Cuba - June 23 (Vicente Pérez
Varela, Cubanacán Press / www.cubanet.org)
- Administrators of the government-operated
Municipal Commerce Enterprise in Cienfuegos
were told Sunday that the company doesn't
have the cash in hand to pay for salaries
or purchases.
The company distributes foodstuffs and
was left strapped after the government leadership
ordered salaries raised. The company's deputy
director for finance said all income had
been used to comply with the directive from
above, creating a total collapse.
A member of the Board of Directors, who
asked his name not be used, said there is
no money in the accounts to pay salaries
for the current month, if the National Bank
doesn't grant a loan.
Versión
original en español
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