|Small and Medium Entrepreneurship in Russia||Small and Medium Entrepreneurship in Russia||1 265,09 Kb||08.07.2015|
This study was prepared for the European Investment Bank (EIB). The objective of the study is to assess the financing needs of SMEs in Russia and identify the market failures. In addition to senior debt, which is the main instrument currently available to the EIB in Russia, the study also examines the needs for risk-bearing instruments (including subordinated debt and risk capital) as well as SME loan guarantees and other financial instruments, and the contribution of capital markets.
The study is based on the best available and actual data from the following sources: state statistics, state SME full coverage review 2010, reviews of analytical agencies, industrial surveys, surveys of non-state SME associations, companies’ financial reports, national enterprises database SPARK, EY research studies and proprietary data bases on banking and SME sectors.