JRL NEWSWATCH: “MinEkonomiki congratulates itself on SME progress” – Bear Market Brief

Cash, Calculator, Pen

“The Ministry of Economic Development (MinEkonomiki) will have a meeting to discuss progress on the national project on supporting small and medium-sized businesses. …  launched this January … focus[ing] on business education, bringing self-employed businesspeople out of the gray economy, and … allow[ing] small businesses to borrow at subsidized rates. Some of these initiatives (particularly the subsidized credit) are good, but none of them will create the kind of massive growth demanded by Putin’s May decrees – except by fiddling with the statistics. …”

Click here for complete archived newsletter containing: “MinEkonomiki congratulates itself on SME progress” – Bear Market Brief