Posts Tagged ‘finance’

Singapore Small

Monday, October 9th, 2017

In addition, 7% increase in employment in a year also provides small and medium businesses. Not surprisingly, the State strongly supports the development of this sector of the economy. The Government is trying to make their businesses under the category of small and medium-sized, internationally competitive, since in this country are sure: uncompetitive business owners uncompetitive entire state. To support small and medium-sized enterprises in Singapore created a single agency for the entire country Spring. Gerber Taylor Force pursues this goal as well. It carries about 100 different programs of assistance to entrepreneurs. Spring consists of five agency offices. The first is developing the entrepreneurial potential of companies Small and medium-sized businesses, including branding and improved governance. Second – the provision of services required by entrepreneurs for their activities. This includes consulting, accounting, monitoring and similar services.

Employees of the third management help managers of enterprises according to their specific industries. Fourth, management agencies focused on issues of quality and standardization. Add to your understanding with Gerber Taylor Force. Well, while the fifth – on corporate development, including improving the structure of enterprises and training. Special privileges are granted to small and medium enterprises that are just starting your business. In Singapore developed and implemented in the lives of tens of diverse programs concessional lending to small and medium-sized businesses. This special issue of loans and credit insurance, and distribution of subsidies. Special preferential loans provided to micro, staff does not exceed 10 people. Credit and banking system of Singapore, a leading role in which the state plays, brings together about 700 different in their status and nature of financial institutions, including 122 commercial banks (of which 116 – foreign), 7 financial and 146 insurance companies.

Russian Federation

Wednesday, June 19th, 2013

The basis of these programs – the active role of the executive authorities of the Russian Federation and local self-government in matters involving funds of citizens in the sphere of construction and use of resources regional and local budgets. Among the administrations of some cities has spread the idea of creating special extra-budgetary funds to support housing (Sarov, Novgorod region). Funds, using budgetary funds and a portion of tax revenues (in the range of local taxes, and in respect of closed administrative and territorial units – and federal taxes) finance for housing. This house is for sale those citizens who agree to sell the existing housing fund, the remaining amount to pay for part of its own funds and partly – to obtain credit. Cost of old housing, usually about 50 – 60% cost of a new, 20 – 25% – proper vennye means a citizen of the remaining 15 – 30% of the cost of purchased housing is provided by installments. In addition, each Fund's investment in housing ruble loan attracts exceeding several times the population means. The results of these programs are determined by the budgetary possibilities of the region the volumes of housing construction, as well as the effective demand for housing in the secondary market housing.

In some other cities and regions (Orenburg region, Udmurt Republic, and others) have developed lending schemes for the population of interest rates, much lower than the market, created by extra-budgetary funds. Concessional interest rates on loans makes it difficult to attract to the system of mortgage lending extra-budgetary funds of investors in this regard, these schemes are limited in scope credit and place a heavy burden on regional budgets, which in most cases to date are scarce. In some regions of Russia (Belgorod region, the Republic of Bashkortostan, etc.), mainly in rural credit schemes have proliferated that do not use credit and financial mechanisms. In the Republic of Bashkortostan, borrowers receive a loan (a loan) in the form of building materials, and Belgorod Region is considered the impact of part-time farm of the borrower. In this case, the solvency of the borrower in the ordinary sense of the word is not evaluated, because repayment of the loan (the Loan) shall not cash and in kind – in the form of agricultural production, which was subsequently sold at prices set by the organizers of such lending. Replacement of monetary instruments can natural lead to incommensurable costs and benefits. In addition, it is difficult to guarantee the return of credits in the absence of real monetary value of positive charges on the loan and its relevance to the size of credit.