The article features the prerequisites for a successful implementation of SME Strategy of Russia until 2030, which are associated with further development of the legal base of state policy aimed at SME development and support, and also with integrating this policy into the country’s emerging strategic planning system. The author centers on the need to further specify the system of SME agents and the very concept of "state support for SME" as well as on a consistent focus on bringing the purposes and means of this policy into compliance with various types of Russian regions.
Mamuta Mikhail, Markov Roman
The authors deal with small and middle-sized business evolution from the standpoint of tools and institutions of its financial support. Cyclical and counter cyclical trends are highlighted, which impact on the making and development dynamics of this market in connection with external and internal economic factors. Data is cited on crediting small and medium-sized enterprises, their indebtedness growth rate (overdue indebtedness included), funds provision rate over recent years.
The author deals with the economic and political situation, which has emerged in Europe in recent years and which heavily hinders trade and economic relations with Russia. He shows that sectoral sanctions against Russia have substantially reduced the trade turnover of Russia and Italy, its restoration depends, in large measure, on political decision making.
The article is devoted to the analysis of the current situation in the sphere of SME internationalization, it highlights existing tools and mechanisms of support for this business. It also reviews interaction prospects between Russian and Italian small and medium-sized enterprises.
The RF Strategy for Development of Small and Medium Entrpreneurship (SME) until 2030 is investigated. According to the author, it ignores that the established structure of Russian economy implying direct and indirect domination of extractive industry repulses small and medium-sized business. The growing gap between the registered and actually operating SME agents is illustrative of inconformity of state policy with SME real needs.
Key measures of support for small and middle-sized enterprises planned to be realized in the nearest future are emphasized. Special attention is paid to the access of business to services, to quality upgrading of educational and information support for entrepreneurship.
Conditions leading to improve partnership relations between Russia and Italy are summarized, the importance of setting up joint Russian-Italian cooperation institutions and mechanisms is underlined. Special role is allotted to partnership in production, investment and innovation, also to Italian small and medium-sized enterprises’ participation in implementing development plans in Russian regions.
Up-to-date models are examined of attracting investment to set up enterprises with foreign capital in Russia. Specific proposals to develop key branches of Russian economy are cited.
The current development level, the potential and development trends of small and medium-sized enterprises (SME) sector in Russia are researched. Several provisions of the governmental Strategy for Development of Small and Medium Entrepreneurship (SME) until 2030 are evaluated. Proposals are made concerning institutional decision making aimed to support the development of this economic sector. They imply, in particular, a change of key efficiency indicators for regional authorities, and improvement of SME agents' financial literacy.
Ershov Mikhail, Tanasova Anna, Tatuzov Victor
The making of the system of financial support for small and medium-sized enterprises (MSE) in the 2000s is traced, including SME bank operation. The authors demonstrate Russia’s lagging behind both leading and several Eurasian Economic Union (EAEU) countries in the place SME occupies in the economy and foreign economic ties. They draw the conclusion that the problems SME are facing in Russia are, to a great extent, due to the country’s current monetary policy and high credit rates. They propose to take a series of steps necessary to ensure successful implementation of objectives formulated by the RF Government.
Problems of development and support for small and medium-sized business in the context of global economic cycles are investigated. The author asserts that this business is a crucial indicator of the country’s aggregate economic activity, and plays a leading role in boom and crisis periods in the economy. The need is substantiated to shape optimal proportions between big, medium- and small-sized enterprises.
The author researches the conditions, dynamics and structure of small business development in Russia. He argues that small business is not the leading factor of economic growth in Russia, moreover, the evolution of this business form depends on many institutional conditions and is determined by the condition big and middle-sized capital is in. Small business is not a goal in itself, it is contingent upon many conditions, including motives of business behaviour and institutions of economic development.
Yerznkyan Bagrat, Egorova Natalya
The role of small business is disclosed as an integral part of the institutional mechanism targeted at enhancing investment and innovation processes. It is shown that the efficiency of small business as activating factor is provided by the interaction of four mechanisms – institutional, credit and investment, taxation, and competitive. Particular attention is paid to matching economic interests of all public-private partnership members, including those of small business.
Measures to activate lending for the sake of small and medium-sized business development are summarized, the chances of public guarantees application are analyzed. Regulation and bank oversight problems, decreasing bank activity in business lending are addressed.
Merits and flaws of entrepreneurship in Italy and Russia are researched. It is shown that in order to remain leading in the world market, Italian small and medium-sized enterprises are in need of modern technologies development, of reforms to be undertaken and Italian governmental institutions to be simplified. To reverse the dissatisfactory situation in small business main problems of the Russian technology market - skilled staff shortage, deficiencies of current legislation, insufficient access to financial, engineering and technical resources - have to be resolved.
The dynamics and trends of Russia’s banking sector development in recent years are analyzed. Stimulating measures to develop long-term bank crediting and legislative changes allowing to improve banking system performance are proposed.
Strategic goals in international cooperation of small and medium-sized enterprises (SME) are formulated. Organizational forms and methods of support and development of SME are unveiled. In order to increase the efficiency of SME support system, measures are advanced, which embrace their setting up, consulting, evaluation of results attained, and staff training.
Problems of reviving sustainable and accelerated socioeconomic growth in Russia in short- and long-term perspective are addressed. A set of measures is advanced which are aimed to lower inflation, create a competitive environment, encourage investment and economic growth.