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Far Eastern entrepreneurs will be helped in business development - EastRussia | Far East

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Far Eastern entrepreneurs will be helped in business development

Far Eastern entrepreneurs will be helped in business development
Photo: Roscongress Press Service

Today, large projects bring a significant part of investments in the Far East, but their number does not exceed 15% of the total number of residents of the TOP and SPV. The main part is medium and small business. In total, more than 300 thousand SMEs work in the Far Eastern Federal District - about 5% of all SMEs in Russia.

The pace of business development in the Far East and measures to support SMEs were discussed in Moscow by the participants in the round table “Small Business in the Far East. Opportunities, conditions, preferences ”, which was held in preparation for the V Eastern Economic Forum. According to the organizers of the WEF, a project office has recently been created in the Ministry of Eastern Development for cooperation with representatives of SMEs. Its task is to help businessmen successfully develop in the Far Eastern Federal District. Now the composition of the office is being formed, the first meeting is planned to be held in September.

Representatives of small and medium-sized businesses also participate in the Far Eastern Hectare program. About 40% of recipients of land plots implement projects in the field of entrepreneurship, agriculture and tourism.

The round table participants also noted that in the Far East, as well as throughout Russia, there is a tendency to reduce the number of SMEs. In the Far Eastern Federal District, on average, there were 3,9% fewer enterprises and 5,6% employed. The main problems that entrepreneurs face are the decline in consumer demand, the competition of SMEs with the public sector, the availability of finance, as well as interaction with municipalities.

The state support of exporters from among small and medium-sized entrepreneurs, infrastructure development, for example, the implementation of projects to expand the checkpoints Primorye-1 and Primorye-2, as well as a review of the interaction of business and municipalities in the tax sphere, can help solve these problems.

Discussion of improving the conditions for conducting small and medium-sized businesses in the Far East will continue at the Eastern Economic Forum, which will be held on September 4-6 in Vladivostok.