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St.Petersburg named Russia's small business capital

December 19, 2013, 13:25 UTC+3 MOSCOW
Research put the northern capital ahead of Altai, Yakutia, Krasnodar, Kaliningrad, Sakhalin and Yaroslval regions
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© EPA/ANATOLY MALTSEV

MOSCOW, December 19. /ITAR-TASS/. Russian city St. Petersburg has the country's highest density of small businesses, registering 55 enterprises per thousand citizens, Minister for Regional Development Igor Slunyayev told cabinet colleagues on Thursday.

Research put the northern capital ahead of Altai, Yakutia, Krasnodar, Kaliningrad, Sakhalin and Yaroslval regions, which recorded 40 units per thousand people, the minister said.

Best dynamics in the development of minor businesses were noted in Chechnya and in the Belgorod, Voronezh and Kostroma regions where production volumes had increased by 80 percent at the end of 2012, the minister said.

Minor businesses in Moscow, Magadan, Sakhalin and Sverdlovsk regions delivered output valued at 300,000 roubles per person, the research revealed.

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