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- granting loans in the order and according to the conditions stated by the laws of St. Petersburg about loans from the budget of St. Petersburg and about the budget of St. Petersburg for corresponding year; - participation in the creation of economic companies and societies in the cases and according to the order established by the legislation of the Russian Federation and by the legal certificates of St. Petersburg; - placing the state order of St. Petersburg in the order established by the current legislation; - in St. Petersburg the transparent system of placement of the state order is created, that allows the investor to estimate the volume of goods selling considering an opportunity to receive the order financed from the means of the budget during making a decision on investments. - granting compensatory payments according to the order approved by the Administration of St. Petersburg provided in the budget of St. Petersburg to the person, intending to perform the investment activity directed on realization of the investment programs which have the priority in St. Petersburg, but with the planned negative resulted accumulated profit, in the size providing a sufficient norm of profitableness of the investment calculated according to the method specified in Art. 9 of the Law of St. Petersburg «About the state support of investment activity on the territory of St. Petersburg». The Administration of St. Petersburg has the right to provide investors with the guarantee as the security of obligations of the investor to return extra money resources drawn for performance of investment activity. The total sum of guarantees of St. Petersburg is established for a fiscal year during the statement of the budget of St. Petersburg and cannot exceed the limit established by the law of St. Petersburg about the budget of St. Petersburg for the corresponding year. The specified limit of guarantees cannot be less then the sum intended to payment during the given year according to the contracts of guarantees concluded by the Administration of St. Petersburg. The term of the guarantee of St. Petersburg cannot exceed five years. Support of small entrepreneurship27 In recent years S&M business becomes more and more significant for the economy development. In Saint-Petersburg as of Y 2007 the number of S&M enterprises increased for 47055 (by 26%). As of 01.01.2008 the turnover of S&M companies was RUB 927 793 Mio, that exceeds Y 2006 result for 34%. The share of S&M enterprises turnover in the whole turnover of Saint-Petersburg organizations was 29%, and in the previous year it was 22%. Average annual number of employers on S&M enterprises reached 707 493 people, that exceeds FY 2006 result for 8338 people. The volume of tax duties from S&M enterprises in the whole number of tax duties in city’s budget reached 25%. 29,5% volume of government’s orders were done by S&M enterprises. The analysis of industrial structure of S&M enterprises activity shows that about 50% of these companies operate in the sphere of trade. Transfer to innovative way of development demands qualitative changes in industrial structure. S&M enterprises should be orientated for manufacturing industry with high scientific degree in the production and also for service sectors. The share of such companies should reach 50-60%. The support of S&M companies is an official policy of the government, that is realized together with industrial community. In FY 2007 the government of Saint-Petersburg affirmed General Plan of measures for support 27

In accordance with the data of the Official website of the Public Council for Small Entrepreneurship at St. Petersburg Governor’s office www.bishelp.ru. 50

Business.support.structure.in.St.Petersburg  

1. STATE AND MUNICIPAL AUTHORITIES IN ST. PETERSBURG In St. Petersburg the system of state authorities was formed which has statutory object...

Business.support.structure.in.St.Petersburg  

1. STATE AND MUNICIPAL AUTHORITIES IN ST. PETERSBURG In St. Petersburg the system of state authorities was formed which has statutory object...

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