2012 Russian Federation Enterprise Survey : Country Highlights

Comparing the performance of Russian firms in 2012 by sales, employment and labor productivity growth with those of other countries the results show that firms in Russia exhibited higher real annual sales and labor productivity growth. The growth f...

Full description

Bibliographic Details
Main Authors: World Bank, International Finance Corporation
Format: Working Paper
Language:English
en_US
Published: Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2013/10/20368690/enterprise-surveys-russian-federation-country-highlights-2012
http://hdl.handle.net/10986/20879
Description
Summary:Comparing the performance of Russian firms in 2012 by sales, employment and labor productivity growth with those of other countries the results show that firms in Russia exhibited higher real annual sales and labor productivity growth. The growth figures for Russia 2012 are higher than those reported in a similar survey for Russia implemented in 2009, indicating an accelerated growth performance of the private sector in the country over the three years. The Enterprise Survey covers several topics of the business environment as well as performance measures for each firm. The main highlights from the survey are: firms in Russia show higher female participation in the workforce and top management, but less in ownership; over one third of firms in Russia cite tax rates as the biggest obstacle to their growth; firms in Russia face higher costs of regulation compared to those in other countries; firms in Russia face a relatively inefficient public service delivery; and not surprisingly, informal payments are indispensable to get some key public services.