The head of Sberbank called the share of small and medium-sized enterprises in Russia’s GDP “shameful”. According to German Gref, it is only 20%. In China, for example, it is 60-70%, in the US, around 60%, Gref noted, calling on the small and medium-sized corporation to be “a little more active.”

The head of Sberbank called the share of small and medium-sized enterprises in Russia’s GDP “shameful”

German Gref called the share of small and medium-sized enterprises in Russia’s GDP “shameful” and “bewitching”. This was stated in the Council of Regions of Opora Rossii, RBC reports the words of him.

According to the head of Sberbank, the share of SMEs in Russia’s GDP is 20%. At the same time, in China it is 60-70%, in the USA – about 60%, in Italy – 70%.

From Gref’s presentation it follows that in recent years the share of SMEs in Russia’s GDP was approximately at the same level as it is now. The head of Sberbank sees double growth potential for this stock, the organization’s press service reported.

German Gref called on the small and medium-sized corporation to “take the initiative” and be “a little more active”.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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