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Russian watchdog worried over rapid growth of state enterprises

June 03, 15:05 UTC+3 MOSCOW
The growing number of state enterprises is a constraining factor for the development of small and medium enterprises
1 pages in this article
© Artiom Geodakyan/TASS

MOSCOW, June 3. /TASS/. Russia’s Federal Antimonopoly Service (FAS) is concerned about the rapid growth in number of state and municipal unitary enterprises in the last three years, head of the legal department of FAS Artyom Molchanov said.

According to him, the growing number of state enterprises is a constraining factor for the development of small and medium enterprises (SMEs).

"If as of January 1, 2013 there were about 11,000 unitary enterprises in our economy, their number increased to 23,3000 as of January 1, 2016 that means the growth by more than two times," he said speaking at a meeting in the State Duma, lower house of parliament.

He added that more than 30% of state unitary enterprises and more than 25% of municipal unitary enterprises are working in competitive sectors such as property lending, trade and services.

Molchanov urges creating a mechanism of control over state enterprises as a required measure to protect development of SMEs in Russia.

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