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58-606: Tukayevsky district is a leader among the municipal districts of Tatarstan in the spheres of population welfare and economic development. Based on 2019 ratings of socio-economic development among municipalities in Tatarstan, Tukaevsky district took the fifth place. As of 2020, it ranked was among the top-three in the republic. The growth rate of gross regional product (GRP) was 106.9%, and its volume of economic activity estimated at 42.9 billion rubles. The region has well-developed industrial and agricultural sectors. The largest enterprises in

116-547: A children's art school and two auto clubs in the region. There are also 13 amateur folk groups in the region. In 2020, a Kryashens church was opened in the region conducting services in the Tatar language . There are more than 120 monuments of history, culture, architecture in the region, including the Church of Kosma and Damian and the Church of the Ascension, "Borovets Springs". In 2020

174-471: A definition is given to explain what constitutes a micro-enterprise or a small enterprise or a medium enterprise. If an enterprise does not fall under the above categories, it would be considered a large-scale enterprise. In June 2020, India updated the definition as follows: Businesses that are declared as MSMEs and within specific sectors and criteria can then apply for "priority sector" lending to help with business expenses; banks have annual targets set by

232-632: A larger share of small and medium-sized enterprises. SMEs are also responsible for driving innovation and competition in many economic sectors . Although they create more new jobs than large firms, SMEs also suffer the majority of job destruction/contraction. According to the World Bank Group 's 2021 FINDEX database, there is a $ 1.7 trillion funding gap for formal, women-owned micro, small, and medium-sized enterprises. Additionally, over 68% of small women-owned firms lack access to finance. SMEs are important for economic and social reasons, given

290-654: A recent European Commission analysis, mid-cap companies (250-3000 people) make up about 17% of total employment and 21% of turnover in the EU27 business sector. Micro firms (with fewer than nine employees) employ 38% of the total workforce, while SMEs with fewer than 250 employees account for 34.4%. Larger (XL) firms with 3,000 or more employees account for 10.1% of overall employment in EU business sectors. According to Eurostat SBS statistics, in 2021, tiny enterprises (0-9 workers) and SMEs (excluding micro firms) employed around 30% and 34.5% of

348-464: A successful application of policies to ease financial limitations for SMEs even when they receive help from the banking sector. The EIB Group contributed more than €16.35 billion to small and medium-sized firms in 2022. SMEs were more quick in altering output during the pandemic, despite the intensity of the shock. In reaction to the crisis, one-third of major enterprises altered their output or services, compared to 37% of SMEs. Large businesses, on

406-492: A universal sports complex "Alga" was opened in the village of Nizhny Suyk-Su. Gross regional product Gross regional domestic product ( GRDP ), gross domestic product of region ( GDPR ), or gross state product ( GSP ) is a statistic that measures the size of a region 's economy . It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product . The GRDP includes regional estimates on

464-520: Is also a hog farm in the region, "Kamsky Bacon" with a selection and hybrid center, which provides breeding animals for pig farms in the Republic of Tatarstan, the Volga and Ural federal districts. In the first months of 2020, 46.6 thousand tons of pork were produced in the region. As of 2020, the annual milk production of the region was 15.25 thousand tons. According to various indicators, agricultural workers of

522-494: Is approximately equal to US$ 3.1 million as of April 2024. Despite their significant contribution to GDP and job creation, Indonesian MSMEs confront a number of obstacles. One of the most significant is capital access: 60-70 percent of MSMEs lack access to financial institutions and their funding options. Other restrictions include inadequate infrastructure, difficulties acquiring company licences and permissions, high tax rates, political insecurity, and improving their brand image in

580-466: Is available for all EU member country citizens and organizations. Especially, national and regional authorities, enterprises, business associations or organizations, venture capital providers, research and academic institutions, and individual citizens are expected as the main contributors. EU member states have had individual definitions of what constitutes an SME. For example, the definition in Germany had

638-590: Is between ₦5  million ($ 15,400) to ₦500 million ($ 1,538,000), and a staff strength that is between 11 and 100 employees. In Somalia , the term is SME (for "small, medium, and micro enterprises"); elsewhere in Africa, MSME stands for "micro, small, and medium enterprises". An SME is defined as a small business that has more than 30 employees but less than 250 employees. In the National Small Business Amendment Act 2004, micro-businesses in

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696-503: Is located in the north-eastern part of the republic. Tukaevsky borders the Mendeleyevsky District , Agryzsky District , Yelabuzhsky District , Nizhnekamsky District , Zainsky District , Sarmanovsky District and Menzelinsky District . As of 2020, the population of the district was 42,511 people. Symbols on the coat of arms and flag indicate the role of the region in the socio-economic development of Tatarstan. The main figure

754-427: Is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro." In order to prepare for an evaluation and revision of some features of the small and medium-sized enterprises definition European Union established public consultation period from 6 February 2018 to 6 May 2018. Public consultation

812-497: Is part of Egypt's 2012/13 economic census on establishments ranging from small stalls to big enterprises. Economic activity outside the establishments – like street vendors and farmers, for example – were excluded from the census. The results show that Egypt is greatly lacking in medium-sized businesses. Seventy percent of the country's 24 million businesses have only one or two employees. But less than 0.1 percent – only 784 businesses – employ between 45 and 49 people. In Kenya ,

870-531: Is the golden lion, representing strength, power, confidence and courage. The shaft and seven silver tassels symbolize the friendship of the multinational population, which are united by the traditional Sabantuy holiday. The blue tip of the coat of arms indicates the geographical position of the region along the Kama . Gold is a symbol of wealth, stability, respect and intelligence, while silver signifies purity, perfection, peace, understanding. Settlements first appeared on

928-629: Is used by many national agencies and international organizations such as the World Bank , the OECD , European Union , the United Nations , and the World Trade Organization (WTO). In any given national economy, SMEs outnumber large companies by a wide margin and also employ many more people. On a global scale, SMEs make up 90% of all companies and more than 50% of all employment. For example, in

986-548: The 43 countries assessed in 2017. According to the World Bank, women own 58% of all MSMEs in Africa. The European Investment Bank 's Banking in Africa survey, 2021 suggests that most of the responding banks had a non-performing loan (NPL) ratio of at least 5%. NPLs account for at least 10% of the SME portfolio in approximately one-third of African banks. Furthermore, 50% of the banks had at least 5% of their SME portfolio under

1044-742: The European Commission , SMEs are enterprises which meet the following definition of staff headcount and either the turnover or balance sheet total definitions: In July 2011, the European Commission said it would open a consultation on the definition of SMEs in 2012. A consultation document was issued on 6 February 2018 and the consultation period closed on 6 May 2018. As of November 2019 , no conclusions or responses have yet emerged. In Europe , there are three broad parameters that define SMEs: The European definition of SME follows: "The category of micro, small and medium-sized enterprises (SMEs)

1102-470: The gross regional product of the region increased by 106.9% in 2019 while the volume of goods produced amounted to 42.9 billion rubles. Cash expenditures per capita in 2020 were equivalent to 24 thousand rubles a month, and the average monthly salary was 33 thousand rubles. In 2020, the Tukaevsky district entered the ranks of the three most economically developed regions of Tatarstan. The unemployment rate in

1160-535: The moratorium , and 40% had at least 5% of SME loans under some type of restructuring. Most of Egypt 's businesses are small-sized, with 97 percent employing fewer than 10 workers, according to census data released by state-run statistics body CAPMAS (Central Agency for Public Mobilization and Statistics). Medium-sized enterprises with 10 to 50 employees account for around 2.7 percent of total businesses. However, big businesses with over 50 employees account for 0.4 percent of all enterprises nationwide. The data

1218-574: The EU, 99% of all businesses are SMEs. Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile , in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia , the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have

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1276-624: The European Union (EU) and employ two-thirds of the workforce in the EU. The majority of European firms are small and medium-sized enterprises (SMEs), employing over 100 million people. Due to the COVID-19 pandemic , a large majority of SMEs saw a decline in revenue during 2020-2021. Medium-sized businesses (or mid-caps) play an important role in the European economy, accounting for a considerable part of employment and wealth production. According to

1334-580: The Naberezhnye Chelninsky plant of bread products (Chelnykhleboprodukt) (revenue 3.5 billion rubles).. One of the largest enterprises in the district is the Naberezhnye Chelninsky Reinforced Concrete Plant Melioration which was founded in 1976 and now has a design capacity of 60 thousand m³ of reinforced concrete products per year. Chelnykhleboprodukt is one of the largest agro-industrial enterprises of

1392-503: The Prime Minister's Task Force on MSMEs for year-on-year increases of lending to various categories of MSMEs. MSME is considered a key contributor to India's growth and contributes 48% to India's total export . In Indonesia , the government defines micro, small, and medium enterprises ( Indonesian : usaha mikro kecil menengah , UMKM) based on their assets and revenues according to Law No. 20/2008: An annual revenue of Rp 50 billion

1450-635: The Russian “cheln” (boat). Until 1920, the territory of the Tukayevsky district was part of the Menzelinsky uyezd of the Ufa Governorate . In 1920 the district became part of the newly formed Tatar Autonomous Soviet Socialist Republic . In 1976 the district was renamed to Tukaevsky. From 2006 to 2010 the district was headed by Tagir Harmatullin, followed from 2010 to 2017 by Vasil Khazeev. In 2018, Khazeev and

1508-411: The SME or the prime reason for the business failing. At the employee level, Petrakis and Kostis (2012) explore the role of interpersonal trust and knowledge in the number of small and medium enterprises. They conclude that knowledge positively affects the number of SMEs, which in turn positively affects interpersonal trust. Note that the empirical results indicate that interpersonal trust does not affect

1566-570: The Tukayevsky district have the highest salary compared to workers in other municipalities of Tatarstan. Workers receive a salary of on average 38,510 rubles. The year of 2019 in the Tukaevsky district was declared as the year of support for personal subsidiary plots. During that time, 14 mini-farms were built in the district. Fixed capital investment in the district amounted to more than 10 billion in 2019, of which Kamsky Bacon invested 856.8 million, Agrosila more than 400 million, Chelnykhleboprodukt 45 million, and Begishevo airport 239.5 million. In 2019,

1624-407: The Tukayevsky region are dairy and meat cattle breeding, pig breeding and poultry farming. Thanks to its developed agricultural sector, the district provides Naberezhnye Chelny with bread, vegetables, meat, milk, and potatoes. The largest agricultural enterprises of the Tukayevsky region are the poultry farms "Tukayevskaya", "Chelninskaya poultry farm", "Chelny-Broiler", "Chelny-myasa" and others. There

1682-491: The capital city of Indonesia, 529 MSMEs with the potential to be funded have been identified by Bank Indonesia . According to the Department of Trade and Industry 's 2020 List of Establishments report, there are 957,620 registered business enterprises operating in the country, composed of 99.51% MSMEs and 0.49% large firms. The MSMEs consist of 88.77% microenterprises, 10.25% small enterprises, and 0.49% medium enterprises. Among

1740-440: The catering, accommodations and other trade sectors as well as in the manufacturing sector, with a maximum of R32 million ($ 2,214,800) in the wholesale trade sector. Medium-sized businesses usually employ up to 200 people (100 in the agricultural sector), and the maximum turnover varies from R5 million ($ 346,100) in the agricultural sector to R51 ($ 3,529,800) million in the manufacturing sector and R64 ($ 4,429,600) million in

1798-494: The contribution of a smaller business. Multilateral organizations have been criticized for using one measure for all. The legal boundary of SMEs around the world vary, and below is a list of the upper limits of SMEs in some countries. African small businesses frequently struggle to get the cash they require to thrive. According to the SME Finance Forum, the formal financing gap for African SMEs averaged 17% of GDP across

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1856-468: The country's total employment with a 29.38% share from micro-enterprises followed by 25.78% and 7.50% for small and medium enterprises. With effect from 1 April 2011, the definition of SMEs is businesses with annual sales turnover of not more than $ 100 million or employing no more than 200 staff. Small companies are important to the European economy as they account for 99.8% of non-financial enterprises in

1914-527: The creation of an industrial park in the Biklyansky rural settlement of 85 hectares, as well as the construction of a grain elevator complex with a capacity of 60 thousand tons at Chelnykhleboprodukt. One of the first five regional territories of priority socio-economic development began operating in Naberezhnye Chelny in 2016. As of 2020 the economic zone had 44 resident enterprises providing 6,000 jobs in

1972-545: The crest of the dam of the Nizhnekamsk Hydroelectric Station . The federal highway M-7 "Volga" , " Samara - Izhevsk " passes through the region. Railway communications are accessed via a branch of the Kuybyshev Railway . There is also the " Begishevo " international airport in the region. Tukayevsky district is located within a coal basin ; however, coal is not mined due to the significant depth of

2030-440: The different sectors, varying from the manufacturing to the retail sectors, are defined as businesses with five or fewer employees and a turnover of up to R100,000 ZAR ($ 6,900). Very small businesses employ between 6 and 20 employees, while small businesses employ between 21 and 50 employees. The upper limit for turnover in a small business varies from R1 million ($ 69,200) in the agricultural sector to R13 million ($ 899,800) in

2088-559: The digital era. 21st-century businesses strategically use both their websites and social media in order to advertise their products and control their branding . Quality content on both information streams will positively affect branding and attract customers. The People's Business Credit (Kredit Usaha Rakyat, or KUR [ id ] ) was established in 2007 by President Yudhoyono to extend credit to businesses that were considered "feasible but not bankable". Bank Rakyat Indonesia conducts more than half of KUR lending nationwide. In Jakarta ,

2146-514: The district adopted a new strategy for socio-economic development, according to which there are plans to increase the GDP by 50% by 2030 (from 40.4 billion to 58.9 billion), as well as create more than 500 new jobs. Large investment programs are of great importance to this project. These included the construction of the Musabay broiler feedlot with a capacity to produce 96 thousand tons of poultry meat per year,

2204-560: The district is 0.47%, which is below the national average of 0.53%. About half of the able-bodied population of the region are employed in small and medium-sized enterprises . In total, 2597 enterprises are registered in the Tukayevsky region, with 28.9% of these participating in the region's high-tech industry. In January-March 2020, the revenues of small and medium-sized businesses in the district amounted to 10 billion rubles. Of these enterprises, 8.2% are engaged in trade, 13.5% in manufacturing, 12.8% are engaged in construction and 10.8% work in

2262-620: The district, Naberezhnye Chelny, is located in the northeast of Tatarstan. The region has a large river port and a passenger pier on the left bank of the Kama River. The river flows to the Caspian Sea , Sea of Azov , Black Sea , White Sea and Baltic Sea . There is a large junction of highways in the district with routes from Naberezhnye Chelny to Yelabuga , Kazan , Nizhnekamsk , Zainsk-Almetyevsk and Sarmanovo-Menzelinsk. The main communications between Predkamye of Tatarstan and Zakamye cross along

2320-575: The district. One of the largest investment projects in the region is the reconstruction of the Begishevo Airport complex. In 2017, the construction of an international terminal began which will increase the throughput capacity of the airport from 60 to 200 people per hour. In 2020, there are plans to commission a three-story terminal building with the cost of the terminal amounting to 25 million rubles out of an estimated reconstruction project total of 1.132 billion rubles. The administrative center of

2378-420: The entire workforce in EU27 business sectors, while bigger firms (250+ employees) contributed for 36.4% of overall employment. The pandemic has had a greater impact on SMEs than on large businesses, with an average sales loss of 26% versus 23% for large businesses. Government assistance appears to have benefited SMEs more than large corporations among the companies that do have overdraft facilities, indicating

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2436-452: The flooding of the village called Bolshaya Shilna. The project caused a public outcry among local environmentalists and activists, who appealed to the head of the Ministry of Ecology of the Republic, Alexander Shadrikov with an open letter, asking him to provide data from environmental experts on the advisability of changing the river bed. There are 23 rural palaces of culture , 32 rural clubs,

2494-431: The head of the executive committee Rasim Asylgarayev were accused of fraud which lead to a criminal investigation. Khazeev and Asylgarayev were accused of having illegally leased 11 hectares of pine forest land to private individuals. Fail Kamaev was subsequently appointed as head of the district. Tatars make up 71.07% of the total population of the district, while Russians constitute around 24.26% and Chuvash make up

2552-513: The most widely used measure of real income." This article related to macroeconomics is a stub . You can help Misplaced Pages by expanding it . *Top country subdivisions by GDP *Top country subdivisions by GDP per capita *Top country metropolitan by GDP Small and medium-sized enterprises Small and medium-sized enterprises ( SMEs ) or small and medium-sized businesses ( SMBs ) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME"

2610-420: The number of SMEs. Therefore, although knowledge development can reinforce SMEs, trust becomes widespread in a society when the number of SMEs is greater. Medium- or mid-sized enterprises which have grown beyond the scale of a "small business" may have different support needs from those of small businesses, and their contribution to the local and national economy where they operate may also be quite distinct from

2668-544: The other hand, embraced digitization to a greater extent than small businesses, with 26% boosting their online distribution of products and services, compared to 22% for SMEs. The most significant difference in adaption measures was shown in the chance of expanding remote work, which increased by 25% among SMEs but 50% among large businesses. The criteria for defining the size of a business differ from country to country, with many countries having programs of business rate reduction and financial subsidy for SMEs. According to

2726-425: The region include Chelny-Broiler, Kamsky Bekon, Naberezhnye Chelninsky elevator and the Naberezhnye Chelninsky bakery plant (Chelnykhleboprodukt). One of the first of five regional territories for priority socio-economic development started operations in Naberezhnye Chelny in 2016. The total area of the Tukaevsky district is 172,949 hectares, of which forested areas cover more than 20.6 thousand hectares. The region

2784-484: The remaining 1.48%. As of 2020, the population of the district was 42,511 persons. There are 88 settlements in Tukayevsky district grouped into 23 rural settlements. Tukayevsky district occupies a leading position in the spheres of population welfare and economic development among rural districts of Tatarstan with low levels of urbanization. In 2019, the Tukayevsky district ranked fifth in the socio-economic development rankings of districts in Tatarstan. The growth rate of

2842-566: The republic, which includes a grain elevator for storing 95 thousand tons of grain, two mills as well as feed and cereal factories. The activities of the Naberezhnye Chelninsky Elevator are include the receiving, storing, drying and processing grain and oilseeds, as well as the production of cereals. Agricultural lands of the district occupy 119.3 thousand hectares. Local farmers cultivate spring wheat, winter rye, oats, potatoes, and vegetables. The leading livestock industries in

2900-457: The seams and their frequent flooding. There are peat deposits near the settlements of Ilbukhtino, Tlyanche-Tamak, Kuzkeevo. About 12% of the region's territory are covered by forests with the most common species being oak, linden, birch, aspen, spruce, pine. In January 2019, it was revealed that local authorities had approved a project to change the channel of the Shilna River in order to prevent

2958-535: The sector's role in employment. Due to their size, SMEs are heavily influenced by their Chief Executive Officer , a.k.a. CEOs. The CEOs of SMEs are often the founders, owners, and managers of the SMEs. The duties of the CEO in a SME mirror those of the CEO of a large company: the CEO needs to strategically allocate their time, energy, and assets to direct the SMEs. Typically, the CEO is the strategist, champion and leader for developing

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3016-482: The term changed to MSME, which stands for "micro, small, and medium-sized enterprises". For micro-enterprises, the minimum number of employees is up to 10 employees. For small enterprises, it is from 10 to 50. For medium enterprises, it is from 50 to 100. The Central Bank of Nigeria defines small and medium enterprises in Nigeria according to asset base and a number of staff employed. The criteria are an asset base that

3074-496: The territory of the modern Tukayevsky region in the third millennium BC. In the second half of the XIV century, the land was a part of Volga Bulgaria . The Tukayevsky district was created in 1930 as Naberezhnye Chelninsky in honor of the administrative center of Naberezhnye Chelny . The word “chelny” comes from the transliteration of the Turkic word “chaly” (mountain, slope or bare hill) into

3132-454: The three major sectors including their sub-sectors, namely: "The GRDP is usually presented in nominal and real terms. Nominal GRDP measures the value of the outputs of the economy at current prices. Real GRDP referred to as GRDP at constant prices, measures the value of an economy's output using the prices of a fixed base year. The real GRDP is useful in capturing real output growth since inflationary effects have been removed. It is, therefore,

3190-450: The top industry sectors include (1) wholesale and retail trade; repair of motor vehicles and motorcycles (445,386); (2) accommodation and food service activities (134,046); (3) manufacturing (110,916); (4) other service activities (62,376); and (5) financial and insurance activities (45,558) which accounted for about 83.77% of the total number of MSME establishments. Prior to the pandemic, MSMEs generated more than 5.38 million jobs or 62.66% of

3248-443: The transportation sector. The region has a well developed industrial sector. In 2019, local enterprises shipped products with a total value of 34.1 billion rubles, contributing to an industrial production index of 101.5%. The largest enterprises in the Tukayevsky district include Chelny-Broiler (revenue 8.6 billion rubles), Kamsky Bacon (revenue 5.6 billion rubles), the Naberezhnye Chelninsky elevator (revenue 5.13 billion rubles) and

3306-1438: The wholesale trade, commercial agents and allied services sector. A comprehensive definition of an SME in South Africa is, therefore, an enterprise with one or more of the following characteristics: SMEs account for nearly 90% of all company entities in developing Asian countries and are the principal private sector employers, supplying 50-80% of all jobs. SMEs cover 97-99% of all firms in South-east Asia , contributing considerably to each country's GDP—for example, 46% in Singapore, 57% in Indonesia, and over 40% in other nations. In Bangladesh , Bangladesh Bank defines Small and medium enterprises based on fixed assets , employed manpower and yearly turn over, and they are definitely not Public Limited Co. and requires these characteristics: Key: SE = Small enterprises; ME = Medium enterprises; N/A = Not Applicable; Tk lakhs= × 100,000 Bangladeshi takas Hong Kong defines Small and Medium Enterprises (SMEs) as any manufacturing business that employs less than 100 people or any non-manufacturing business that employs less than 50 people. 98% of business establishments in Hong Kong are defined as SMEs and employed 45% of

3364-675: The work force. India defines Micro, Small and Medium Enterprises based on dual criteria of investment and turnover. This definition is provided in Section 7 of Micro, Small & Medium Enterprises Development Act, 2006 (MSMED Act) and was notified in September 2006. The Act provides for the classification of enterprises based on their investment size and the nature of the activity undertaken by that enterprise. As per MSMED Act, enterprises are classified into two categories - manufacturing enterprises and service enterprises. For each of these categories,

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