Business programme

A New Economic Policy for SMEs

16 Jun , 09:00–10:15
The Russian Economy: New Objectives and Horizons

Unprecedented external pressure and sanctions have become major challenges for the Russian economy. The restructuring of the economy has already begun, and it will dictate how the economy develops going forward. Of course, this will take time as companies search for new sales markets, alter their logistics, redistribute volume, and localize production. The government, society, and business need to consolidate for the benefit of the economy and companies. The Russian government has already adopted a package of measures that aim to support SMEs at the national level, some of which should be implemented in the regions. The speed at which structural transformations in the economy will take place now depends on effective interaction at all levels. What conditions exist for the growth of new industries based on the newly created supply chains? During this time of unprecedented external pressure, are SMEs emerging as a source of growth and a pillar for economic development? Are the regions interested in stimulating SMEs? What regional and international practices exist for stimulating the development of SMEs. How are the national measures being implemented at the regional level?