Factors necessary for business development success in Russia 2019

The majority of surveyed Russian businessmen in 2019 believed that weakening regulation by the government was necessary for a successful development of business in the country. Furthermore, one fifth of respondents suggested that lower taxes were needed for it.

What do you think is necessary for a successful development of business in Russia?*

Share of respondents
Weakening of government regulation (checks, reports)22%
Lowering taxes20%
Governmental support (subsidies, investment)14%
Loans with beneficial conditions9%
Raising education and qualification level of specialists6%
Fighting corruption and nepotism6%
Lifting of sanctions4%
Changing the regulatory policy4%
Changing legislation in the entrepreneurial sector4%
Lowering bureaucratic and administrative barriers3%
Changing the antimonopoly legislation3%
Increasing the population's purchasing power and standard of living2%
Other26%
Difficult to answer6%
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Sources

Release date

2019

Region

Russia

Survey time period

End October to mid-November 2019

Number of respondents

1,001 respondents

Special properties

Company represenatives*

Method of interview

Telephone interview

Supplementary notes

* The original survey question was worded as follows: "Some economists find that business in Russia is overregulated by the state and that it is necessary to give it more freedom. Do you agree with such an opinion?"

Survey participants were born in the years 1957-1963 and 1980-1991 and are engaged in entrepreneurship, representing large, middle-sized, and small businesses across the whole country. The interviews included all production areas. The survey was conducted on an anonymous basis.

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