State Support for Small and medium-sized businesses in the Second Period of gründerzeit in modern Russia

Abstract

The Russian system of state support for small and medium-sized businesses in its scope, forms and methods has reached the level of developed countries. This system has set up the basis for a new wave of small businesses foundation since 2008. But continuing increase in the amount of small businesses is going along with reduction in the volume of their activities. The support offsets the lack of space for expansion of SMEs business operations, but it is not adequate to the structure and institutional framework of the Russian economy.