Russian National Project to Improve Business Efficiency Around Country

Twenty-seven Novosibirsk enterprises have joined the national project “Increasing Labour Productivity”. According to economists’ calculations, in three years it is possible to raise the level of profitability by about a third by cutting costs and increasing profits, reports.  

On the territory of Novosibirsk, there are a lot of different enterprises. Those that joined the project are both large factories and small businesses, according to Andrey Goncharov, the Minister of Industry, Trade and Entrepreneurship Development of the Novosibirsk Region. It is noted that throughout the country, this project will increase the profitability of production by hundreds of billions of rubles so that the revenue of enterprises will increase, as well as tax revenues and workers’ salaries.

Ru-Main, 28.08.2020 

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