Titov explained the main problem of the Russian economy 00:59

Titov explained the main problem of the Russian economy 00:59

Commissioner of the President of the Russian Federation for the protection of the rights of entrepreneurs Boris Titov said: RIA NewsThat the structure of small and medium-sized enterprises (SMEs) in Russia does not correspond to the level of economy that the country needs.

“The structure of Russian SMEs does not yet correspond to the level of economy we need. “What is urgently needed today is to radically change it in favor of production,” he said. He added that this is the No. 1 problem of the Russian economy today.

According to him, the majority of domestic small and medium-sized enterprises (37%) continue to work not in production, but in the field of wholesale and retail trade. At the same time, the share of production within SMEs does not exceed 5-6% in terms of the number of establishments and 10% in terms of total turnover.

Titov summarized that the main way to fight inflation at the moment is to establish production in the country and launch new enterprises.

The role of small and medium-sized enterprises (SMEs) in the development of the Russian economy is one of the main topics of today’s news agenda. SMEs provide one-fifth of Russia’s GDP, and the government provides them with various support measures. Especially umbrella financing, where Alfa-Bank sets the bar high. What other initiatives do you think the lender is taking to support small and medium-sized businesses? Material from socialbites.ca.

Previously, in 2023, small and medium-sized enterprises accepted Preferential investment loans of more than 90 billion rubles.

What are you thinking?

Source: Gazeta


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