16:26 GMT +321 October 2018
Listen Live
    Business

    G20 countries should promote small businesses - Medvedev

    Business
    Get short URL
    0 0 0

    Russian President Dmitry Medvedev on Thursday urged the governments of the G20 countries to promote small businesses.

    Russian President Dmitry Medvedev on Thursday urged the governments of the G20 countries to promote small businesses.

    "Today it is necessary not to try to restore the previous conditions for operation of small and midsized enterprises, but to form a more favorable environment for them," Medvedev said at a business summit in Seoul.

    The business summit is held ahead of the meeting of G20 leaders, due Thursday evening in the South Korean capital.

    "One of the key tasks today is to ensure unhindered access to national and international capital markets for small and midsized businesses," the Russian leader said.

    He also said Russia will develop microfinance, or the practice of providing small loans to individual borrowers lacking access to credit, as an efficient anti-crisis measure.

    "Microfinance has become an important element of Russia's financial system," Medvedev said.

    SEOUL, November 11 (RIA Novosti)

    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment