MED relies on a multiple increase in the share of small and medium-sized businesses in the GDP of the Russian Federation

Ministry of Economic Development expects fold increase in the share of small and medium-sized businesses in Russia’s GDP by the end of the scope of support for such enterprises reform. This was announced by Deputy Minister of Economic Development Oleg Fomichev in the framework of the Russian-Chinese business forum of small and medium-sized businesses.

“The Ministry has developed a strategy of development of small and medium-sized enterprises up to 2030, the result of this activity should be a multiple of the increase in small and medium-sized businesses in Russia’s GDP, labor productivity growth, the increase in the share of manufacturing in the turnover of small and medium-sized companies, increase in the number of people employed in this sector” - said Fomichev with reference to the economic development Minister Alexei Ulyukayev.
According to him, the Russian Federation aims to transform small and medium-sized enterprises in one of the main driving forces of the economy, increase the share of Russia in the international trade and optimize the structure of Russian exports on the basis of the expansion of small businesses export.
Fomichev said that work in this direction has already begun. In particular, in 2015 created the Federal Corporation for the Development of Small and Medium Enterprises.
Within the framework of the Russian-Chinese business forum in Sochi, the sides will discuss issues of state regulation of small and medium-sized businesses in Russia and China, especially the regulatory framework, regional policy and other issues.

30 May 2016

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