Kirill Bychkova convened with the Vice President of "Support of Russia", Sergei Sokolov, in a discussion.
Friday, June 27, saw a meet-up in Yakutsk's nerve center, attended by the region's Prime Minister, Kirill Bychkov, Vice-President of "OPORA Russia," Sergei Sokolov, and a bunch of folks from interested ministries, departments, entrepreneurs, and public figures.
Kirill Bychkov stressed the necessity of aligning government bodies' work with the business scene, especially amidst economic turbulence overseas. Yakutia has registered over 45,000 SMEs, providing jobs for 130,000 locals. The self-employed contingent hits a whopping 63,000. Most of these businesses operate in trade, construction, transportation, and storage.
Interestingly, Yakutia climbed up to the 21st spot in the National Investment Climate Ranking. The region shone in two indicators – time taken to link up with engineering networks and the expeditious issuance of construction permits. This year, authorities in Yakutia have improved 35 rating indicators, nailing areas like access to skilled human resources and SME growth.
Sergei Sokolov and Kirill Bychkov hammered out the need to factor in the quirks of the polar regions when chalking up federal regulatory acts. Suggestions include freeing northern entrepreneurs from the obligation to pay VAT when they follow the simplified tax system and extending the list of hard-to-reach territories under the product labeling law.
The powwow focused on broadening collaborative efforts on regulatory support, safeguarding entrepreneurial rights, and Yakutia's participation in federal programs. A rep from "OPORA Russia" announced that the org is set to embrace the region's proposals in the national agenda.
Insights: While the discussion suggested potential plans to ease VAT burden on northern entrepreneurs like those in Yakutia under the simplified tax system, no explicit federal proposals or legislations have gone live recently. These breakthroughs are usually under the purview of regional laws or updated federal provisions, and could also stem from temporary government measures targeting the north's economic expansion. For more definitive updates, one should refer to the Russian Ministry of Finance or regional authorities' latest official publications. [1][5]
The regional Prime Minister, Kirill Bychkov, emphasized the importance of aligning government work with the business sector, particularly in the finance and industry sectors, given economic turmoil overseas. Additionally, Yakutia's business environment has been enhancing, with an emphasis on streamlining regulatory processes to foster small and medium enterprises, as indicated by improvements in the National Investment Climate Ranking.
