A wide range of support measures is available to small and medium-sized business − Irina Kiviko

Ministry of economic development of the Republic of Crimea
26 May 2020

A wide range of support measures is available to small and medium-sized business. This was announced at the online press conference «Crimean entrepreneurship: problems and prospects» by Deputy Chairman of the Council of Ministers of the Republic of Crimea − Minister of Finance of the Republic of Crimea Irina Kiviko.

«Today, an entrepreneurial initiative is the ability to take responsibility and organize your own business. This is the most important condition and driving force of economic development. Moreover, small and medium-sized business are the foundation of any economy's stability. In the Republic of Crimea, everything possible is done to make entrepreneurs feel confident and comfortable. We are trying to create conditions for the implementation of a business project of any level, for the development of entrepreneurial activity, despite the difficulties that we have encountered in connection with the COVID-19 situation. All business support programs are in the region, a number of tax legislation initiatives have been introduced, and many administrative procedures are being simplified. I am sure that by working as a team, we will be able to maintain economic growth and implement new business ideas for the benefit of the Republic of Crimea and its inhabitants», said Irina Kiviko.

The Deputy Chairman stressed that each support measure implies specific mechanisms to help business that are developed by the state and the Council of Ministers of the Republic of Crimea in close cooperation with business.

Irina Kiviko also added that from 2015 to 2020 in the Republic of Crimea there was a steady growth in the number of business entities.

«As of January 1, 2017, 31 thousand legal entities and 62 thousand individual entrepreneurs were registered, but as of January 1, 2020, the number of business entities increased by 6.3%», said Deputy Prime Minister.

The press conference also highlighted the issue of holding educational events for entrepreneurs in a remote format and the start of «Business marathon».

You can view the video conference here.

 

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