AEB’s SME Committee and Finance Committee event with Boris Titov
Last week, the Association of European Businesses’ SME Committee and Finance Committee jointly organized the traditional annual event with Boris Titov, Presidential Commissioner for Entrepreneurs Rights.
The online-only event was opened by Tadzio Schilling, CEO of the AEB, and co-moderated by Stuart Lawson, Member of the Board of the AEB and Senior Advisor at EY, and Andreas Bitzi, Chairman of the SME Committee, Deputy Chairman of the AEB in the Northwest, and Managing Director at Quality Partners.
The Presidential Commissioner spoke about the measures taken by the Government of the Russian Federation to assist businesses in the context of overcoming the effects of the new coronavirus infection. Mr. Titov shared his views on the effectiveness of the additional measures taken and described the role of the ombudsman’s agenda related to the protection of entrepreneurs’ rights in the current economic environment.
Despite the significant negative impact of the pandemic on SMEs, rising inflation, disrupted supply chains and rising geopolitical risks, the SME Development Index compiled by the Office of the Presidential Commissioner in cooperation with Sber showed gradual improvement of SMEs activities in Russia. In addition, according to the business ombudsman, the number of people employed in small business, as well as the number of self-employed in Russia is steadily growing. Nevertheless, as Boris Titov pointed out, almost 62% of the 8,000 entrepreneurs surveyed believe that the current performance of their businesses is worse than it was in 2019.
The participants of the meeting discussed the most effective measures to support business, as well as other issues to be done for more effective recovery of business activity.