Edited by David Smallbone and Friederike Welter
Chapter 7: SMEs and entrepreneurship policy in Russia
In Russia support for small and medium-sized enterprises (SMEs) has been provided for more than ten years. A national project devoted to SMEs, which runs till 2024, is being implemented. Moreover, SMEs have been declared to be a national priority. However, the government has had very little success in SME development. At present, more than 5.7 million SMEs operate in the Russian Federation, creating jobs for approximately 19 million citizens, which is about one-third of all working people. According to estimates, informal employment in Russia varies from 15.4 (Rosstat) to 30 (RANEPA) million people. The contribution of the SME sector to the country’s gross domestic product is about 22 per cent, although it is difficult to precisely calculate this parameter. Different entrepreneurial systems with their own characteristics have formed in different regions of Russia, so it is impossible to pursue the same policy to stimulate entrepreneurship across the country.
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