Also planned is the recovery of another 26 this year, on the basis of projections by the companies themselves or by changes in the system of financing.

According to the parliamentary report, over the next two or more years a total of 56 loss-making companies will be closed, of which 73 percent belong to the Agriculture Ministry.

In the first quarter of 2015, 65 companies showed losses in the Communist-ruled country.

Members of parliament called attention to the “social consequences” of poor management at state enterprises and the lack of development programs based on science and investment.

The plan of economic reforms undertaken since Raul Castro succeeded ailing older brother Fidel nine years ago contemplates the liquidation or transformation of chronically loss-making state enterprises and cooperatives.