CREDIT INSTITUTUTIONS AND LEGAL FRAMEWORK IMPORTANT FOR DEVELOPMENT OF SMALL AND MEDIUM SIZED ENTERPRISES IN RUSSIA

Temelkovska-Anevska, Elena and Anevski, Dimitar (2017) CREDIT INSTITUTUTIONS AND LEGAL FRAMEWORK IMPORTANT FOR DEVELOPMENT OF SMALL AND MEDIUM SIZED ENTERPRISES IN RUSSIA. International Research Journal, 57 (3) (2). pp. 56-59. ISSN 2303-9868

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Abstract

The continuously growing role of micro, small and medium-sized enterprises in the economies of the European and Asian countries pushes the Governments to establish fair market conditions, ease the banking regulation for these groups of enterprises and adjust the legal framework in order to support their growth. In Russia the number of credit institutions is relatively large in numbers, but the support toward the micro, small and medium-sized enterprises is below the expectations, partly because the nontransparent finance statements, lack of collateral or adversity to credit risk due the legal obstacles. The paper examines the structure of micro, small and medium-sized enterprises and their contribution to Russia economy. Also a significant focus is given to the credit institutions, their role in providing the necessary finance and recommendations how to overcome the problems.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Law
Divisions: Faculty of Law
Depositing User: Prof. d-r. Elena Temelkovska
Date Deposited: 08 Oct 2022 08:30
Last Modified: 08 Oct 2022 08:30
URI: http://eprints.uklo.edu.mk/id/eprint/7223

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