NURTURING SMEs IN RUSSIA

NURTURING SMEs IN RUSSIA

22 June, 10:00–11:15

SMEs are a fundamental and growing element of the economic fabric, accounting for 17% of the Russian GDP and employing about a quarter of the Russian workforce. The past decade has seen substantive efforts to nurture this sector through regulatory reforms, easing of the tax burden, cutting red tape and providing financial incentives – but is it enough? What further measures can be taken by the government to unleash entrepreneurial potential in Russia? What can and should be done to support Russian SME efforts to go global?
















Key moments

The state should take on a more active role, at all levels, from the municipal to federal government, to incentivize and develop entrepreneurship, to create the infrastructure… government should be a driver of business.
Alexander Brechalov
If you want to have innovative regions, let’s start with innovative administration.
Peter Lindholm
Small business in the municipalities is not just of economic value; it is also a major social part of our life.мо
Sergei Morozov
It would be correct for the state authorities to officially fix in the legislation a “grandfather clause” in relation to foreign investment: we do not have the right to worsen the situation with small business after a decision is taken.мо
Sergei Morozov