During a session titled “Protected business as the basis of sustainable economic development,” the minister of economic development, Maxim Reshetnikov, outlined recent figures on regulatory activity in Russia. He noted that by early September 2023, authorities had conducted 216 thousand business inspections, representing a 15 percent decrease from the same period in the previous year. In the broader context of the prior year, inspections reached 339 thousand. The minister highlighted that although the number of inspections has declined markedly since 2019, the total number of business cases has not shown a corresponding increase, underscoring a shift in enforcement dynamics rather than a surge in violations.
Reshetnikov indicated that indicators for overdue wage payments were moving downward, pointing to improvements in compliance and timely wage settlements. He argued that these trends contributed to maintaining an overall security level for the business environment and reduced the administrative burden on enterprises across the economy. The comments reflect a broader effort to balance oversight with operational freedom, aiming to sustain investor confidence while preserving essential protections for workers.
The minister also mentioned the establishment of a register of mandatory requirements and announced plans to develop an incident register. This new repository would capture information about notable events and use such data to inform risk assessments for facilities and activities, potentially influencing how inspections and regulatory actions are prioritized in the future. The approach signals a move toward more data-driven governance in the regulatory space, with an emphasis on risk-based monitoring rather than blanket audits.
Looking ahead, EEF 2023 is scheduled to take place in Vladivostok from September 10 to 13. Participants are expected to explore proposals for a contemporary global economic model, the modernization of the energy sector, urban renewal initiatives, and strategies for fostering economic development amid sanctions. The forum brings together policymakers, business leaders, and regional representatives to discuss practical steps for reinforcing resilience and competitiveness in the national economy while engaging with global partners during a period of ongoing geopolitical and market challenges.