Economy

Russia Implemented the Strategy of development of small and medium business

The head of the Russian chamber of Commerce and industry (CCI) Sergey Katyrin said that the importance of creating an enabling environment for small and medium business in Russia is confirmed at the first meeting of the Council for strategic development and priority projects on 15 July 2016.

At the beginning of June 2016 was approved the development Strategy of small and medium enterprises (SMEs) in Russia. So was launched a number of measures to encourage SMEs in the regions, where entrepreneurs can take subsidies to cover the cost of doing business, microloans, guarantee or credit concessions. Across the country SMEs got more access to public procurement. Micro-enterprises (SMEs 95.5%) proposed special tax regimes. Also from April 2015, formed by JSC “Corporation “SMEs” for SMEs.


“A landmark in the development of small and medium enterprises, recalled Sergei Katyrin, the increase in their share in GDP doubled from the current 20 percent up to 40”.

Small businesses in Russia are mainly engaged in the provision of services and trade, medium – in machining production, construction or agriculture. Small and medium-sized enterprises – 5.6 million companies, which employ 18 million people. They have 5-6% of the fixed assets and 6-7% of the total investment. MSP – 1/5 of Russia’s GDP, and in some regions their share exceeds 1/3. The share of SMEs in Russian exports and 6% in other developed and developing countries 25-50%

“Despite the decline in demand for products and increase in costs by the end of 2015, we see growth by 4% of small business, in number of registered commercial organizations and individual entrepreneurs”, – said Sergey Katyrin.

Today in Russia there is the development of system mechanisms, which will provide SMEs with access to money and create conditions for development.

 

 

Sources:

Russian Chamber of Commerce, Russian Ministry of Economy.