Point of View

“This year, we plan to increase financial help for small businesses. The Bank of Development will allocate 30 billion roubles, which is 21 billion more than was previously planned. The federal budget will offer another 10.5 billion, that is additionally 6.5 billion roubles. This money will subsidise credit, interest rates, government guarantees, the development of small business infrastructure (industrial parks, business incubators and so on), plus grants and education programmes for new entrepreneurs.”

"I see small and medium business as a considerable reserve of enhancing the effectiveness of oil industry. Small and medium companies exploit minor and depleted oilfields in many countries, and occupy essential niches vacated by integrated corporate giants."

"The Single Social Tax used to be 6%, now the insurance deductions stand at around 26%, and the overall tax burden increases to 34%. We are very well aware of it. In this connection the mechanisms that will balance the tax burden on the economy as a whole will be put in place. This above all concerns small and medium enterprises. But not all of them. It will apply to the enterprises in the high technology spheres. There are other spheres such as retailing, services and so on. But we single hi-tech spheres as a priority. The small and medium enterprises working in this sphere will enjoy tax benefits over a transitional period that will last several years, enough for them to get adapted to the new taxation system or, more precisely, to operating under the newly created insurance system. The same applies to agricultural enterprises."

"Now as regards direct government support for small and medium-sized businesses. As I said, we have earmarked 3.4 billion roubles for this year. The Government is discussing the possibility of increasing that figure several-fold. I am not going to mention the final figure, but we are talking about an increase by several times. Much of that money will most likely be channeled through the Sberbank system, because it has a large network of branches across the country and it will be easier to work through it."

"The ideology of government control must be changed fundamentally. Routine checks must not be held more frequently than once a year. And for the most part these should be documentary checks without on-site inspections. Unscheduled inspections should be made only if there are grounds to suspect a potential threat or real health hazards and environmental hazards".

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