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  Thursday, March 4, 2021
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The administration of St. Petersburg will propose changes to federal laws on small businesses
The administration of St. Petersburg will propose changes to federal laws on small businesses, Mayor Valentina Matviyenko said Thursday. Speaking at a forum on small businesses, Matviyenko said renting premises presented an acute problem for small businesses in St. Petersburg, and that laws should be amended to grant tenants the right to buy real estate which they rent from municipal authorities. "The business community is our primary ally and an active contributor to St. Petersburg's socio-economic development. Support for small businesses is one of the city administration's key priorities," she said. The mayor said business development was also hindered by corruption and an excess of unjustified inspections. She called on entrepreneurs to cooperate in government efforts to minimize administrative barriers. Small businesses now employ more than one million Petersburg residents. Within the last 18 months, $17.34 million has been allocated from the municipal coffers to support this sector.
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