Small and medium business will support VEB

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Sergey Savostyanov / TASS

the Head of the Ministry of Economic Development Alexey Ulyukaev in TV program "Opinion" declared that for improvement of investment climate in the Russian Federation a number of steps is planned for the next year: It concerns climate improvement regarding customs administration, regarding tax administration, in registration of the property rights and so on. It, certainly, all programs of support of small and medium business", – was specified by the minister.

according to Alexey Ulyukaev, concerning MSB "our task - to reduce risk … by means of granting the budgetary guarantees that, as a matter of fact, we and did this year through agencies of credit guarantees, and now through again created corporation of support of small and medium business. And rates now grow quite roughly. In many respects, of course, the situation here will be from policy of Bank of Russia".

it is unconditional, more favorable credit conditions in comparison with commercial banks of small, medium business and other large projects were provided by VEB and VEB group institutes. But today VEB itself appeared in difficult conditions. "The problem of VEB is partly connected with that it really carried out special tasks, that is acted as the creditor, first, for very long terms, and, secondly, where commercial effectiveness was not obvious, and the economic importance is high", – the minister explained.

the Second part of a problem, according to him, is connected by p with that VEB traditionally being very high-rating borrower, raised favourably funds, was accumulated in the global markets of the capital, and was now deprived of this opportunity. Large volume of currency debt which is difficult for refinancing coincided on terms with realization of these risks according to special investment projects. It really delivered to VEB in a difficult situation.

Nevertheless, Alexey Ulyukaev is sure that "VEB after all will return" and to continue to carry out a role of active institute of development. Important, the head the MAYOR that VEB "could support any basic directions which promise lifting of our economy" believes. MSB sector belongs to these directions.

B 2015, the expert of the State Duma Committee in economic policy, innovative development and business Roman Terekhin estimates. Reduction of investments into MSB appeared more considerable. For example, according to Bank of Russia as of 01.11.2015 volume of the ruble loans granted to MSB on all federal districts made 4 131 333 million rubles, and as of 01.11.2014 - 6 059 998 million rubles. Thus, reduction in ten months 2015 made 31,8% in comparison with the same period of 2014.

B 2016 bigger reduction of investments into MSB and toughening of credit conditions is expected still. It is connected with growth of arrears of MSB and deterioration of indicators of activity that significantly increases risks for investors. The payback period of investments into MSB on the average over the country grew from 1,5-2 to 4-6 years and this with the fact that according to more than a third of again formed subjects of MSB leave the market within the first two years of work. Profitability of investments into MSB in 2015 on the average decreased by 2,5-3 times. the Main support of MSB is given to p by

through the daughter of VEB - MSP Bank, Roman Terekhin reminds. According to MSB of Bank as of December 1, 2015 the volume of the means brought to small and medium business within the MSP program of Bank, made 104 billion rubles. Support was got by more than 17 thousand subjects of MSP. The average rate on the given-out credits made 13,27% per annum. From all volume of the allocated funds of 82% financing of small and medium business is necessary on long-term (more than 3 years). For the entire period of implementation of the program (since 2004) number of the enterprises and the individual entrepreneurs who have got support, reached 54 thousand, in total were provided by it to 580 billion rubles.

Though according to official forecasts in 2016 increase of tax loading is not expected, representatives of MSB, nevertheless, are afraid that it all the same can occur because of shortage of money in regional budgets, the head of branch office "Business Russia" Sergey Varlamov notes. The risk of growth of loading on a real estate tax as 28 regions of Russia imposed the property tax of the organizations proceeding from cadastral cost instead of the balance is especially high. Also certain concern causes acceptance of new edition of the Code of the Russian Federation on Administrative Offences. So, for example, in the Code of the Russian Federation on Administrative Offences new project offered by deputies of the State Duma, the right of businessmen for contest of results of check powers of supervisory authorities are registered very muffledly, expanded, the limitation period on administrative offenses is increased, rules of use of cash equipment are toughened. Concerns of MSB are added also by the entered system of collection of a payment from Platon trucks.

As for VEB, the government of the Russian Federation wants to fill up its capital through prolongation of currency deposits from FNB, decrease in a rate on them and establishment of a grace period on payment of percent. The term of deposits on 6 billion dollars placed till 2029, can be extended for five years, the rate is lowered from the current 3,55 — 3,8% to 0,25% per annum, and to VEB can allow not to pay percent on these deposits within three years that will allow VEB to get additional profit and to increase at the expense of it the capital, Sergey Varlamov believes. All this testifies that small and medium business can continue to count on VEB support.

But most likely, are concluded by Roman Terekhin that given support, even because of problems of VEB and Bank MSP, will proceed to appear in 2016, but reductions of volume of support and toughening of its conditions are possible.

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