SMALL AND MEDIUM BUSINESS IN RUSSIA: PROBLEMS AND WAYS OF DEVELOPMENT

Abstract

The article presents the results of a study, which examines the basic definitions of small and medium-sized businesses, as well as the current state and challenges. In order to ensure sustainable growth and development in the short and long-term period the six initiatives have been proposed. We have considered criteria for classifying enterprises to small and medium-sized businesses. Key features of the current level of development of small and medium business in the Russian Federation have been revealed, a number of measures to be undertaken for the development of enterprises has been proposed.

Keywords

• small and medium-sized businesses
• problems of small business
• problems of middle-size business
• development initiatives