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Creating a good investment climate is a joint task for the authorities and the business community

July 31, 2008

The recent laws supporting small business are just the first step in the overall work to develop small and medium enterprises in Russia, Dmitry Medvedev said at a meeting on protecting small and medium businesses’ property rights in the town of Gagarin.

Work must continue on tackling the main problems the business community faces: pressure from the authorities and the law enforcement agencies, corruption, and cumbersome registration and accounting rules.

Carrying out the anti-corruption programme will be a major part of efforts to improve the business climate. Mr Medvedev announced the programme’s signing at the meeting.

But the President also noted that businesspeople themselves must show a responsible attitude and not overstep the law.

The law enforcement agencies, the state in general, and the business community must all work together on creating a good investment climate in Russia. This is a common task that must be addressed if the country is to achieve the goals it has set, Mr Medvedev said.

July 31, 2008