SMALL AND MEDIUM ENTERPRISES IN THE NORTH OF RUSSIA: PROBLEMS AND SUPPORT POLICIES FROM THE REGIONS

The national project “Small and medium-sized enterprises (SMEs) and support for individual entrepreneurial initiative” does not account for regional problems of SMEs. Conditions in which SMEs operate in the Russian northern regions are noticeably worse than in other regions. The authors identify main problems, including low volumes of bank lending and investment and, as a result, low productivity. The distribution of resources for solving the identified problems, taking into account the characteristics of the respective region, will contribute to the growth in the number of employees and the amount of revenue of small and medium-sized businesses, thus ensuring the achievement of National project’s goals.

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