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Putin urges to actively create conditions for business instead of new structures

April 30, 2015, 20:53 UTC+3 NOVO-OGARYOVO
Putin gave instructions after a State Council meeting on small and medium business development to draft a presidential decree before May 20 on creating a unified institute of small and medium business
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Russian President Vladimir Putin

Russian President Vladimir Putin

© Alexey Nikolsky/Russian presidential press service/TASS

NOVO-OGARYOVO, April 30. /TASS/. Russian President Vladimir Putin urged on Thursday to create conditions for small business more actively instead of pinning hopes on structures that would control this process.

"As practice shows it is necessary to create general conditions more favorable for the development of a particular sphere of activity while separate structures that would be used as some additional controlling bodies normally yield no effect," Putin said at a meeting with business ombudsman Boris Titov.

"But let us talk, nevertheless, on this issue," Putin said, referring to the idea of establishing an institution that could coordinate work for small business support.

Putin gave instructions after a State Council meeting on small and medium business development to draft a presidential decree before May 20 on creating a unified institute of small and medium business in the form of a joint stock company on the basis of the Agency of Credit Guarantees and the Russian Bank for Small and Medium Enterprises Support.

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