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  • Vice President of the Russian Union of Industrialists and Entrepreneurs David Yakobashvili

David Yakobashvili: Business is the main job creator

Chair of the Business 20 Task Force on Creating Jobs, Employment and Investment in Human Capital and Vice President of the Russian Union of Industrialists and Entrepreneurs David Yakobashvili spoke about the work of the G20 business community during Russia's G20 Presidency in an interview with RIA Novosti.

"Not long ago, the G20 started listening to the recommendations and opinions coming from the business community. I'm not sure how this will work out in practice, because we haven't had this experience before. However, we did a good job, and we put a lot of effort in it," David Yakobashvili said.

Mr. Yakobashvili said that the recommendations outlined in the Business 20's White Paper focus on the development of small- and medium-sized businesses as the main job creators and sponsors of vocational training. "This is important, because there are millions of unemployed people in the G20 countries and a fairly large number of people are doing odds jobs for living. This seriously affects the economies and, accordingly, the social sphere," he pointed out.

According to David Yakobashvili, recommendations by the Business 20 aim primarily to remove unnecessary administrative barriers, to facilitate business development and employment as well as the release of labour without burdening businesses too much.

"Reducing the burden includes tax cuts, confidence in the future and a moratorium on changes in taxation, regulations or innovations regarding corporate management, incorporation and corporate reporting," he added. "There are countries where firing an employee saddles a company with numerous burdens. These regulations should be standardized across the G20 countries without infringing upon the rights of employees and without detriment to the interests of businesses."

Mr. Yakobashvili also noted that Australia, which will assume the G20 Presidency in 2014, will continue development of the proposals made by Business 20 during the year of the Russian Presidency.

The full version of the interview you can find here (only Russian version)