EU likely to declare US anti-Russian sanctions invalid within union - Russia’s EU envoyRussian Politics & Diplomacy July 27, 3:41
Russian PM calls situation around Saakashvili's citizenship a weird tragicomedyRussian Politics & Diplomacy July 27, 3:36
Russian Ice Hockey Federation to wage ruthless war on doping abuseSport July 26, 19:53
Two Siberian residents jailed for killing three zoo birds in failed barbeque attemptSociety & Culture July 26, 18:43
Moscow slams Western media allegations about alleged Russian support for TalibanRussian Politics & Diplomacy July 26, 18:31
Ex-Georgian president Saakashvili stripped of Ukrainian citizenshipWorld July 26, 18:25
Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
ST. PETERSBURG, October 24 (Itar-Tass) —— The Russian government will earmark 20 billion roubles in support to small business in 2012, Vice Prime Minister Dmitry Kozak said.
“Small business ensures sustainability” of the national economy and “its potential in Russia is tremendous”, Kozak said at a meeting with representatives of small business in St. Petersburg on Monday, October 24.
“Owing to systemic measures” and annually “increased preferences” small business in Russia has been developing quite rapidly in recent years and currently employs about one-fourth of able-bodied people in the country.
At the same time, Kozak noted, “We are still lagging behind European and North American countries where the share of small business is about 60 percent compared to 25 percent in our country. This is something to work on.”
He promised further support to small business in Russia but stressed the need for a balanced approach: tax cuts can only be justified if they lead to the creation of new enterprises and growth of production and therefore budget revenues.