31 October 2003 02:43
Small business should account for 40% of Russia`s GDP - PM
NALCHIK. Oct 31 (Interfax) - Russian Prime Minister Mikhail Kasyanov said small business accounts for
"practically" 20% of the country's GDP, but work is underway to bring that proportion up to about
40%.
He argued that in the North Caucasus, the proportion of small business should be larger than the national
average.
better developed. Today, the time has come to pay attention to the
creation of jobs in traditional economic sectors via smaller
enterprises," he told reporters in Nalchik, capital of the North
"In the North Caucasus, smaller businesses have traditionally been
Caucasus region of Kabardino-Balkaria, on Friday.
Small business "is an absolutely key element for Russia as a whole and for the Kabardino-Balkaria economy in
particular," he said.
"There are large reserves for economic growth here. Efforts to develop small-scale business should be encouraged
and safeguarded," he said. [RU EUROPE EEU EMRG ECI] as tl <>
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