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News Now

CU System
Russian president-elects small-biz plans include CUs
TOBOLSK (3/28/08)--Russia's President-elect Dmitry Medvedev Thursday outlined his strategies for promoting small businesses in the country. Among them: promoting credit unions. Promoting credit unions and microfinance can help solve small businesses' liquidity problems, Medvedev said (Prime-TASS News March 27). He had been discussing whether the government should help cut the cost of capital for small businesses during the liquidity crunch. Medevedev made the comments at a meeting of the State Council, a presidential advisory body. His proposals included promoting small businesses in a number of industries, reducing the time required for starting a small business, and cutting bureaucratic red tape to make it easier for small businesses to rent premises and connect utilities.
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