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Russian President Vladimir Putin took part in the plenary session of the National Entrepreneurs’ Forum Small Business – National Idea? on January 20.The forum examined issues such as support for small and medium-sized enterprises and measures to encourage business activity.

Russian President Vladimir Putin took part in the plenary session of the National Entrepreneurs’ Forum Small Business – National Idea? on January 20.The forum examined issues such as support for small and medium-sized enterprises and measures to encourage business activity.

He said: «The last two years were quite difficult for the economy and nearly all economic sectors encountered objective problems. Overall though, business has pulled through, including small business. I was talking with some of your colleagues on the way here just before, and they say that circumstances such as the exchange rate difference and new openings on various markets have even created some new opportunities. The positive trend is clearest in the services sector. The number of registered small businesses increased by 2.9 percent in 2015, and the number of self-employed entrepreneurs was up by 3.7 percent. We have modest earnings growth. Production companies in the small business sector saw their earnings rise by 8 percent, for example, in January-September 2015, compared to the same period in 2014. The figure was up by 4.5 percent over the same period for the wholesale sector».

He offers to make every possible effort to maintain stability in the small business sector and ensure that temporary limitations, whether economic or budgetary, do not prevent a growing number of educated people with a modern outlook and sense of initiative from entering this sector.

Putin promises to put in place the mechanisms that will let us move forward, in particular, the Corporation for Development of Small and Medium Business. It brings together under one roof all kinds of business support instruments: financial support, legal assistance, information and marketing support. It will become a kind of headquarters for people engaged in small and medium business, providing them with solutions to the issues and problems that arise.