Post sponsored by NewzEngine.com

MIL OSI Translation. Region: Russian Federation –

Source: Government of the Russian Federation – An important disclaimer is located at the bottom of this article.

On July 10, the annual update of the unified register of SMEs took place. As part of the annual update of the unified register, information about companies that no longer meet the criteria for SMEs or did not provide the necessary reporting documentation is excluded.

“Today in Russia, 6.2 million SMEs are developing their businesses, among which more than 4 million are individual entrepreneurs, 2.2 million are legal entities. Over the year, the number of SMEs increased by 254 thousand. The positive dynamics of the development of the SME sector shows that it is ready for qualitative growth,” noted Deputy Prime Minister Alexander Novak.

The Unified Register of SMEs in accordance with the federal law “On the Development of Small and Medium Enterprises” is updated monthly and annually.

Every month it includes information about newly created SMEs, and also excludes information about enterprises that ceased operations during the previous month.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)