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Financing SMEs and Entrepreneurs 2014

An OECD Scoreboard

image of Financing SMEs and Entrepreneurs 2014

Start-ups and small firms continue to face significant obstacles to fulfilling their potential to innovate, grow and create jobs, particularly when it comes to obtaining access to finance. With its 13 core indicators of debt, equity and general market conditions, complemented by a review of government policy measures, Financing SMEs and Entrepreneurs 2014: An OECD Scoreboard documents these financing difficulties and monitors trends in 31 countries, along with government policy responses to deal with these challenges.

 

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Russian Federation

The Russian Federation does not use the EU definition of an SME (see ). The Russian State Statistics Service undertook a complete statistical census of actually operating SMEs in 2011. Included were individual entrepreneurs and those micro, small and medium enterprises which were legal entities or officially registered. If both legal and non-legal entities were included, there were 4.6 million SMEs in the Russian Federation in 2011 vs. 3.2 million legal operating entities. However, some SMEs register in one area and operate in another area and such SMEs were not counted in the survey undertaken by the Russian State Statistics Service.

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