GOVERNMENT OF THE RUSSIAN FEDERATION APPROVED NEW VERSION OF THE COMPETITION DEVELOPMENT STANDARD FOR REGIONS

Updated Standard demonstrates a systemic and uniform approach to competition development across the entire Russian Federation in view of the specifics of regional economic performance

On 17 April 2019, the Government of the Russian Federation approved a new version of the Competition Development Standard for regions. The goal of the Standard is to form a systemic approach to developing competition at the regional level in view of the specifics of each region in Russia.

According to Deputy Head of FAS Sergey Puzyrevskiy, after approving the Standard the primary FAS task is to cooperate with regions to devise and fulfill Competition Development Road Maps, based on the lists of the key competition development indicators approved by regions under the frame of executing the orders issued by the President of Russia in follow-up of the State Council.

“This systemic approach to creating conditions for competition support and eliminating administrative barriers should generate positive results  in stimulating business initiatives, involving broad segments of the population in business processes, developing self-employment”, added Deputy Head of FAS.

The new version of the Standard is drafted by the Ministry of Economic Development and FAS to fulfill the National Competition Development Plan. Adopting the Standard will become an additional impulse for all levels of the authorities in their efforts to support and protect competition.

Detailed information about the progress in executing the National Competition Development Plan can be found in the special section on FAS official website - http://plan.fas.gov.ru/