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Russian PM sets goal to raise share of small businesses in economy to 50%

April 19, 14:50 UTC+3

Small enterprises currently account for a little under 20% of the Russian economy

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A girl buying meals at a food truck in Moscow's Gorky Park

A girl buying meals at a food truck in Moscow's Gorky Park

© Andrei Makhonin/TASS

MOSCOW, April 19. /TASS/. The share of small enterprises in the Russian economy should grow to 50%, currently it is less than 20%, Russian Prime Minister Dmitry Medvedev said in a report addressed to the State Duma on Wednesday.

"Small enterprises currently account for a little under 20% of the country’s economy. This figure should be at least 50%, as in other developed economies. This is the main goal, and, of course, it requires new tools," he said.

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