G20 countries should promote small businesses - Medvedev

SEOUL. November 11. KAZINFORM Russian President Dmitry Medvedev on Thursday urged the governments of the G20 countries to promote small businesses. Kazinform refers to RIA Novosti.

"Today it is necessary not to try to restore the previous conditions for operation of small and midsized enterprises, but to form a more favorable environment for them," Medvedev said at a business summit in Seoul.

The business summit is held ahead of the meeting of G20 leaders, due Thursday evening in the South Korean capital.

"One of the key tasks today is to ensure unhindered access to national and international capital markets for small and midsized businesses," the Russian leader said.

"Microfinance has become an important element of Russia's financial system," Medvedev said. Kazinform cites RIA Novosti. See www.en.rian.ru for full version