Purchases of state-owned companies from Tatarstan entrepreneurs in the 1st quarter of 2024 reached 95 billion rubles

Over 1.6 trillion rubles were purchased by state-owned companies from SME suppliers within the framework of Federal Law 223-FZ for the first quarter of 2024. According to the SME Corporation, which monitors compliance with the mandatory quota for purchases from small and medium-sized businesses, the largest increase in the total amount of purchases was demonstrated by entrepreneurs from Moscow and the Republic of Tatarstan - 243.3 billion, 94.5 billion rubles, respectively).  

The volume of purchases of the largest state–owned companies from small and medium-sized businesses is one of the indicators of the national project "Small and Medium-sized Entrepreneurship", which was initiated by the President of Russia Vladimir Putin and is supervised by Deputy Prime Minister of the Russian Federation Alexander Novak. In 2024, their planned volume should amount to 7.2 trillion rubles. 

"Small and medium-sized businesses have established themselves as a reliable partner for companies with state participation in the framework of procurement procedures under Federal Law 223-FZ. This is confirmed by the increased volume of purchases from SMEs by almost 84 billion rubles compared to the first quarter of 2023. Revenue of more than 1.6 trillion rubles allows entrepreneurs to receive a steady flow of working capital, which can be directed, among other things, to the development of companies," commented the Minister of Economic Development of Russia Maxim Reshetnikov.  

According to the SME Corporation, which monitors compliance with the mandatory quota for purchases from small and medium-sized businesses, the largest increase in the total amount of purchases was demonstrated by entrepreneurs from Moscow, the Republic of Tatarstan and the Sverdlovsk Region (243.3 billion, 94.5 billion and 54.4 billion rubles, respectively).  

"At the end of the quarter, more than 10 thousand largest customers and almost 89.5 thousand of SME suppliers signed  contracts under 223-FZ. At the same time, the number of representatives of small and medium-sized businesses among procurement participants has increased by more than 20% over the year," said Alexander Isaevich, head of the SME Corporation.

The largest increase in the number of contracts since the beginning of the year has been in support services related to financial intermediation and insurance services (an increase of more than 48 times), chemicals and products (almost seven times), software and services for its development, consulting and similar services in the IT field (an increase of more than four times).